Being a landlord is a good way to invest in property and to get a regular income, but when you are a landlord, you also need to make sure that you are aware of all the responsibilities and legal requirements that come along with it. Being well prepared and well informed about this before you go into it will be helpful to you and to your tenants.
Firstly, you need to make sure that the property is as safe as possible for those who will be living there. Gas safety is very important, and you need to have a valid Gas Safety certificate that is reviewed on an annual basis to ensure that all gas appliances in the home are safe.
You also need to ensure that your electrics are checked in the property and that there are suitable fire and carbon monoxide detectors throughout. You also need to make sure that you have a suitable EPC rating before you can let the property out.Another thing that you need to do is to make sure that the deposit paid by your tenant is properly protected in a government approved scheme designed for this purpose and this must be done within 30 days of receiving it.
Because there is a lot to learn and many responsibilities with becoming a new landlord, many people find it much easier to use a professional letting agency in their local area like this letting agents Bridgwater based company www.sykesmoore.co.uk/lettings/letting-agent/ – they will be able to help with marketing and finding a tenant and also with ongoing property management.
