Regardless of whether you are one of the top rising landlord in London, or making the decision to invest in rental properties deliberately, it is important that you clearly understand your responsibilities before you bring in new tenants into your London home.
In cities like London, you must be aware of the fact that many rules apply to landlords; in the first place, it is quite easy to get overwhelmed. However, if you are able to research properly and choose the right property for sale in East Dulwich through the help of expert letting agents, you should not find this much of a trouble. Such experts could help meet your expectations and they would remain on the right side of the law.
Regardless of the reasons you have, if you are planning to get started with the buy-to-let investment opportunity, here are the responsibilities and rules you must comply with to become a landlord.
1. It is Important to Have an Energy Certificate
Before you plan to market your property to prospective tenants, it is a requirement by law that you provide an energy performance certificate. These certificates often contain some form of valid information on the costs and the amount of energy you use on a property and give the right recommendations on how to reduce the consumption.
For at least 10 years, valid documents give the properties an efficiency rating starting from A, and G as the lowest. However, you need to note that if you want an EPC, you must contact some accredited assessors.
2. Make Sure Your Home is Safe
One of the most important obligations is that your rental property should remain safe for the tenants who plan to move in and live in your new home. This also means that before you decide to put your home on the property market, you should consult estate agents such as those at Fish Need Water to help you when making sure that your electrical and gas equipment have safe installations, receive regular checks and properly maintained. You could also install fire alarms on the door of your property along with wood burners, useable fireplaces, and carbon monoxide alarms.
In addition, any form of furniture you provide for your tenants needs to be fire safe and you should have emergency escapes in the scenario of any fire. Make sure that your property is safe and secure when tenants live in it, and it rests assured that it’s your duty as a landlord to resolve the issues and pay for all sorts of repairs. In addition, whether the doors or windows have damage problems, or plumbing issues or others that may risk the safety of your tenants, your duty as a landlord is to ensure everything is safe for them.
3. Follow Your Entry Rights
If you are a landlord, this does not mean that you have the right to walk into any of your rental property without announcing it to the people now living in it. There are countless strict rules that also determine your right as a tenant. However, in the case of any kind of emergency, or when some conditions are not met, you could move right into your property. For example, you can have the right to access the space when you need to make some valid repairs. This also depends on the type of repairs. In case of an emergency, you could visit the property at once to work on the repairs.
Being a landlord in London, you will also have the right to inspect the damage to the property. In order to comply with the law, you must give your tenants a time of about 24 hours notice before you make it into their home.
Keep in mind that most of the tenancy agreements will also stipulate the visits you make should be at the most suitable times of the day so that tenants can either be there or not. On the other hand, if you have an agreement with your tenants or a friendly relationship, you could both come up with a suitable decision on the permission to enter your property or not.
4. Checking the Tenants Rights
If you are planning to give your property on rent in places like England, you can check the right of the tenant to rent. This is something that would include whether the people you allow have legal rights to rent residential properties in England. In order to abide by the law, you will have to make appropriate checks on the occupiers and tenants agreed over the age of 18 years.
Make sure you check their background and check the original documents whether they have the right to live in the UK or not. Ensure their paperwork is up to date and does not show any form of false signs. You need to know that if you follow such rules and accept tenants who do not have the permission to rent properties in London, as a landlord, you are at a risk of facing £3,000 fine.