Landlord FAQs
Whether you're a new or existing landlord, you may have many questions about costs, what to expect and your liability of renting a property. This quick guide will answer a few questions, but for a more thorough chat about being a landlord, our agents can help.
FAQs
Employing an agent can act as a buffer should any dispute arise between the landlord and tenant. Managing agents keep up to date with new housing legislation and action where necessary, liaising with the tenant so that our clients don't have to.
It is a legal requirement to have an Energy Performance Certificate (EPC) to display to any prospective tenant to show the property meets a minimum rating. Property portals will also ensure that all listings show an EPC, and a fine may result in not doing this. Ask your managing agent to help in coordinating the EPC.
Yes, when appropriate notice is given to the tenant. The agreed notice period will be stated in the tenancy agreement.
The tenant will be liable for any damage caused during the tenancy that is deemed avoidable. These costs will be deducted where agreed from the security deposit collected at the start of the tenancy.
A standing order will be set up from the tenant's bank account before the property is let to them. The rent will be collected on the same day each month and processed into the landlord's account on the agreed date.
Making sure rent payments are promptly made is part of a managing agent's service. However, during a tenancy, people's circumstances can change and should arrears occur, there are professionals here who can advise the landlord on the best way to proceed in this situation.
The tenant must provide a deposit equal to 5 weeks rent. The deposit is refundable when the tenant moves out and after an inspection has been carried out to confirm the property's condition. We allow for general wear and tear within the deposit but consider if the tenant has behaved per the tenancy agreement.
We will continue to look hard for a new tenant, consider appointing a joint letting agent, review the asking rent and provide you with the best advice possible.
The difference in rent between a furnished property and an unfurnished property is marginal. If you decide to furnish your property, you'll need to provide various furniture and white kitchen goods. Our lettings management team would be happy to advise you on what will help attract the right tenants.
Yes, smoke alarms must be installed on each floor. A managing agent can help carry out checks and ensure the property complies with legislation.
Landlords are legally obliged to maintain the property under the Landlord and Tenant Act 1985. In addition, should an item of furniture provided by the landlord need replacing through fair wear and tear, the tenancy agreement will agree that the landlord will replace this for the tenant.
Any other questions? Please feel free to get in touch to speak with one of our lettings or management advisors.