Landlords – Top Ten Things you need to know (part 2)

Landlords – Top Ten Things you need to know (part 2)

Landlords… more of ‘did you know?’

Read our overview of the last of the 10 issues affecting residential landlords – Part 2

6. Safety requirements

Landlords should ensure that their property meets all current safety regulations including Gas, Electrical and Fire; all privately rented properties must have a working smoke alarm on each floor, with carbon monoxide alarms in any rooms that are classed as ‘high risk’.

7. Legionnaires’ Disease

All residential properties which are rented out must now have a risk assessment undertaken to determine the risk of Legionella.

8. Referencing

Thorough referencing is essential if problem tenants are to be avoided. This can include previous landlord references and credit rating checks on each occupier, as well as credit checks on any guarantors.

9. Insurance

Everyone has buildings insurance, especially if it is a condition of your buy-to-let mortgage; but unless your insurer is aware that the property is let to a tenant, your insurance may not be valid!

10. Inventories

A full inventory check and property condition report along with digital photographs showing the dates they were taken should be conducted at the beginning and end of each tenancy – this is the only evidence a landlord can use to claim against the tenant’s deposit. In contested cases, the standard position is ‘the money belongs to the tenant’ and it’s up to the landlord to prove otherwise.

For expert advice on regulations that might affect you, call 01273 735237