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Preparing Your Property to Let

If you are considering letting out your property there are a few things you will need to consider first;

 

– Have you got the relevant permission to let your property? You will need permission from your mortgage lender or leaseholder

 

– You must have a working smoke detector on all floors where there is living accommodation

 

– You will need a working carbon monoxide detector in every room with a solid fuel burner – this includes gas hobs, gas fires and gas-fired boilers

 

– Make sure you have Landlord insurance – homeowners insurance usually won’t cover you to let out your property

 

– You will need to have an annual gas safety check by an engineer registered with the Gas Safe Register and keep hold of the CP12 certificate awarded each year

 

– If you are planning to let your property furnished, you will need to comply with the Furniture and Furnishing Regulations

 

– You will need to have a valid EPC which your new tenant will require a copy of

 

– You should conduct a Full Schedule of Condition for the property which your tenant should read and sign prior to moving in. This will protect both your tenant and you as Landlord from any disputes relating to damage, fixtures and fittings at a later date

 

– You should supply your tenant with a copy of the How To Rent Guide, or point them in the direction of the website; https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/496709/How_to_Rent_Jan_16.pdf

 

– If you are planning to manage the property yourself, you should prepare a handover document for your tenant. This should include your contact details as well as practical advice such as the location of gas meters, electric boxes, stopcocks, information relating to bin and recycling days etc and anything else you think may be useful for your tenant to know

 

Alternatively, employ the services of a letting agent such as Hive Residential who will do all this for you at exceptionally low fees!
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Victoria
Posted by Victoria Valentine, Thursday 26th May 2016

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