There are various rules and landlord regulations involved with renting a property. Pearson Ferrier can assist and advise landlords so that you comply to UK Government landlord responsibilities.
If you rent out your property that makes you a landlord. This means that you have various responsibilities and landlord regulations including:
- Keeping your rented properties safe and free from health hazards
- Making sure all gas and electrical equipment you supply is safely installed and maintained
- Following fire safety regulations
- Providing an Energy Performance Certificate for the property
- Protecting your tenant’s deposit in a government-approved scheme
The Fire and Furnishings (Fire) (Safety) Regulations 1988 and the Fire and Furnishings (Fire) (Safety) (Amendment) Regulations 1993, mean that you as a landlord you have a duty of care to your tenant in respect of any furniture you leave in the property.
We insist all of our landlords install smoke alarms within their houses.
It is recommended that all properties have a full electrical wiring test every 2 years by a fully qualified NICEIC electrical contractor, this will soon become a legal requirement from October 2009.
Any electrical appliances must be tested, again by a fully qualified electrician, i.e. kettles, toasters microwaves etc.
It is a legal requirement to have a Gas Safety Record for all gas appliances within the property; a fully qualified and registered engineer must carry out this check and test every 12 months.
If your property is mortgaged you must request the permission from your bank or building society before you do anything. They may need to check our credentials.
As a landlord you are required have ‘Buildings Insurance’, but should you leave any contents you will need to insure them also, but you will need to advise your insurer that you are a ‘Landlord’ and not an ‘Occupier’!
All of our tenants complete a full tenancy application and must pass a full credit reference check before they enter into any agreements with us.
We have close links with specialist insurers who specifically deal with rented property.
You can take out a variety of insurances, from buildings, contents to those which will protect against a problem tenant and will GUARANTEE the rent and also cover legal bills in the event of a problem, please ask us for more details.
Due to the introduction of the Tenants Deposit Scheme it is vital that landlords arrange to have an accurate and up to date inventory prior to the outset of any tenancy, as they are vital should there be any problems when the time comes for your tenant to vacate the premises.
We will always take a deposit from the tenant at the outset of the tenancy, this is to protect against any damages, breakages or theft at the end of the agreement.
You have to accept NORMAL FAIR WEAR & TEAR during the period of the tenancy!
Your property will require repair and maintenance from time to time, but this is not necessarily always attributable to the tenant, we will advise you accordingly, but you will need to consider the new Government implemented Tenants Deposit scheme, which ensures the fair and reasonable handling of the tenants deposit to protect them from unfair treatment from their landlord, this scheme was implemented on the 6th April 2007 and we here at Pearson Ferrier are members of the Tenants Dispute Service a recognised body that will deal with arbitration issues as an independent 3rd party should the need arise.
If you are an investor landlord who is looking to expand your portfolio, we can offer a full service from finding a property, organising your purchase, renovation or improvement works if required and onto managing a new tenancy.
We aim to create a suitable investment risk with a positive combination of yield and capital growth to suit all types of investor, for more information contact the relevant office.