If property management was just a matter of placing an advert, interviewing prospective tenants and choosing the candidate who seems least likely to throw all-night parties, being a landlord would be a much easier job. There are, however, a number of rules, regulations and responsibilities that anyone renting out their property must observe in order to stay on the right side of the law.
Gas safety should be high on every landlord’s checklist. A landlord is required by law to keep a regular check on gas fittings as poor maintenance may result in an explosion or carbon monoxide poisoning. When your tenant moves in you’ll be required to provide them with a Gas Safe certificate and each subsequent year you’ll need to arrange for your gas equipment to be serviced.
The electrical wiring in your property must also be tested – if the wiring is more than 15 years old, testing will also need to be carried out on an annual basis. Any electrical items provided as part of the rental should be safety-checked and you will need to fit and test a fire alarm on each floor together with a carbon monoxide alarm in rooms where there is a solid fuel appliance such as a wood burner.
The ‘to do’ list is considerable when it comes to providing for a tenancy for all the right reasons: if you are in any doubt about your responsibilities you may find it useful to visit the UK government’s advice website to read their guidance on renting a property [https://www.gov.uk/renting-out-a-property/landlord-responsibilities].
Once you’ve found a tenant you’ll need to take up references, run credit checks, provide a legal tenancy agreement and create an inventory that records the condition of the property together with its fixtures and fittings. Subsequently, you’ll need to make regular inspections and take care of maintenance and repairs and at that time it will help if you have a list of reliable traders to carry out the work.
If all this is beginning to sound like more than you bargained for when you first planned to rent out your property, there is help at hand. As a dedicated lettings-only agency, we, at Winchester White, can provide all the services mentioned here: we will also ensure that the rental income you receive is set at the best market rate.
Our award-winning team has built its reputation on forming positive relationships with landlords, and the proof lies in our impressive portfolio of properties to rent in Wimbledon, Battersea and Clapham.
We have the experience and expertise to ensure everything runs smoothly during a tenancy. In the event that your tenant moves on, we can quickly fill the vacancy, ensuring fewer void periods. Most importantly, we can offer complete peace of mind to landlords who don’t have the time to get involved in the day-to-day hassle of managing their properties.
Call our offices in Wimbledon or Battersea today for an informal chat with one of our expert agents.