The legislation surrounding lettings is increasing every year, making it more and more difficult for a Landlord to ensure their property is compliant. This is where using us to manage your property professionally can help protect you.
It is a criminal offence to let Premises with upholstered furniture or soft furnishings containing foams that cannot be proven to comply with the above Regulations. The Regulations require that specified items must be must be match resistant, cigarette resistant and carry a permanent label. Visit www.firesafe.org.uk for more information on landlords obligations
You are responsible for providing instruction books for all items of electrical equipment and for ensuring that all electrical appliances within the Premises comply with the above Regulations. You should also ensure that all electrical installations are safe and have them checked regularly. Visit www.niceic.org.uk for more information on your obligations as a landlord.
It is a criminal offence to let Premises with gas appliances, installations and pipe-work that have not been checked by a Gas Safe Registered Engineer. You are legally responsible to arrange for an annual gas safety check and hold records for a minimum of two years. Visit www.gassaferegister.co.uk
From January 1 2005 the above Regulations came into force requiring qualified personnel to carry out certain electrical work at premises.
Under current legislation all newly built premises from June 1992 must have mains fitted smoke alarms with battery backup. We would advise that smoke detectors are fitted with a minimum of one per floor. In order to protect your position we would also advise that carbon monoxide alarms are fitted, especially if a boiler is in or near to a bedroom.
All properties going on the market for letting must have an EPC. A copy must be given to the Tenant with written details or prior to the first viewing.
In order to comply with the Health and Safety Executive's Code of Practice, landlords are strongly advised to carry out a risk assessment at their premises prior to letting, especially if there are open water tanks, cooling systems or a swimming pool.
Tenants’ deposit money must be protected and any disputes about their return must be resolved swiftly and impartially. We are members of the scheme run by The Dispute Service Ltd (TDS) and the Deposit Protection Service (DPS).
In order to protect your interests we recommend landlords have a professional inventory compiled by an inventory clerk to ensure your property is returned to you in the same condition it was let, fair wear and tear excepted. We would also strongly recommend that an independent check in and check out is conducted. In the event of a dispute going to TDS for arbitration, it will harm your case if you do not use a truly independent clerk or if the document is unclear or used many times.
If you have a mortgage you must obtain consent from your lender. If your interest in the property is leasehold, your lease may require you to obtain consent from your landlord prior to sub-letting.
Standard homeowner insurance may well be invalidated when you let your property. Please check with your insurance company to ensure you have adequate landlord’s buildings and contents cover with third party liability.
You are required to pay income tax on rental income and have a legal responsibility to notify H M Revenue Customs of any liability. For landlords who reside outside the UK for more than 6 months out of 12, the rent receiving agent has a statutory obligation to deduct basic rate tax on the net income and make quarterly payments to H M Revenue Customs on your behalf. Visit www.hmrc.gov.uk for more information on your tax obligations.
Due to the Housing Act 2004, certain types of Premises may require a licence before they can be let. These properties are primarily Houses of Multiple Occupation (“HMOs”) occupied by three or more persons.
"From initial marketing, through the setup of tenancy and ongoing maintenance, the team at SP&M have been great to deal with. As a new landlord I had a plethora of questions and their support has been invaluable. Detailed reports are provided at frequent intervals to help provide assurance that your property is being well managed and I've found the whole experience of becoming a landlord to be hassle free as a result."