Renting out property can be a great way to generate income, but it also comes with important legal duties and requirements.
As a landlord in England, here are some key things you need to know:
You can find tenants yourself or use a letting agent. Letting agents typically charge fees for services like tenant screening and property management.
Make sure any agent you use is part of an approved redress scheme like The Property Ombudsman.
Be aware of restrictions on tenant fees under the Tenant Fees Act 2019.
Putting the rental agreement in writing is highly recommended to avoid disputes.
Assured shorthold tenancies are the most common type for private rentals. There are
rules on tenant eligibility and rent limits.
The agreement should cover things like rent, deposit, property condition, and landlord and tenant responsibilities.
Protect any deposit in a government-approved scheme and provide the tenant with details.
Provide tenants with a valid Energy Performance Certificate and the "How to Rent" guide.
Gas and electrical safety checks must be done annually by qualified professionals.
Smoke and carbon monoxide alarms must be properly installed and working.
During the Tenancy
Comply with your maintenance responsibilities for the property structure, appliances, furniture, etc.
Get the tenant's consent for property access, giving at least 24 hours' notice in writing.
Keep records of rent payments and correspondence with tenants.
Have appropriate landlord insurance in place.
Ending a Tenancy
Tenants must give proper notice to vacate as per the tenancy agreement.
Protect any deposit and return promptly at end of tenancy if no disputes.
Do a thorough property inspection and inventory check.
Following these key rules will help ensure you comply with legal requirements and have a successful landlord-tenant relationship.