Are you in the property market already or are you planning to just get in? In case you are a landlord this checklist will help you to perform much more efficiently. Take a look.
Letting Out A Property
- Register: Get registered as a landlord.
- Inform lenders: A mortgage lender should top your list.
- Know Rules: Check any tax implications that may arise.
- Install enough smoke detectors.
- Bring qualified electrician to inspect portable appliance testing.
- Arrange for a periodic electrical inspection report.
- Arrange for a Gas Safety check and certification.
- Inspect for the property for Repairing Standard purposes.
- Compile the entire inventory and take the meter readings.
- Arrange for an Energy Performance Certification.
- Advertise for a new tenant.
- Arrange viewings (seek permission of current tenant if any)
- Check the tenant’s references and details.
Short Assured Tenancy
- Give your tenant a copy of the Gas Safety Certificate.
- Inform the tenant of the Repairing Standard Rights.
- Arrange the best payment option for rent, deposit, and other fees
- Inform the Council Tax of the tenant’s details.
- Complete the lease agreement or the Key Agreement form.
- Hand over all the keys to the tenant.
- Tour property with the tenant and show them stopcock and meters.
- Inform them of how to report any repairs and emergencies.
- Arrange with your tenant a checkout inspection
- Allow your tenant to vacate if everything is in order
- Get all the keys to the house locks back.
- Refund the tenant’s deposit where applicable.
- Prepare property (renovate, paint, or repair) for re-letting.
In order for your property to remain in top shape, you should use this spot on a checklist to help you with every ideal decision. Good luck and thank us later!