Landlord have many responsibilities to their tenants.
Becoming a landlord can be due to a number of reasons like an extra source of income, or inherited a house so you have become an accidental landlord. There are responsibilities that your role as a landlord comes with.
There many things to do when preparing for a tenants to move into a property.
Background checks give you overview of potential tenants and there are a number of ways that you can protect yourself and the property with insurance policies.
The most important aspects are making sure the property is safe and complying with legal requirement. There are quite a few but its essential to ensure you are not acting illegally.
Discover your tenant’s ability to pay their rent.
Check immigration documents and confirm they have indefinite leave to remain, and keep copies.
Official contract that gives the tenant the right to live in your property.
Include dates, duration, payments and required notice periods.
Provide buildings and landlord’s contents insurance.
Standard home insurance won’t provide the protection as there are risks that home insurance policies aren’t designed to cover.
Rent Guarantee Insurance
Insurance if tenants are unable to meet their rental commitments.
Gas equipment and appliances must pass an annual safety check by a Gas Safe registered engineer.
Provide a copy of the gas safety check to your tenants within 28 days of the check being completed.
Install smoke detectors and carbon monoxide alarms on every floor.
Registered electrician to inspect that all electrical appliances, sockets and lights are in good working order.
Not legal requirement but lessen chances a potential dispute over deposit.
Both tenant and landlord signed and dated to ensure that both are in agreement over the condition of the property.
Cleaning, Maintenance and Repair
Everything must be in a clean and in a good state of repair. Resolve all issues before the property is let.
The property must be returned to you in the same condition as it was let.