Goadsby Knowledge Hub

Residential Lettings articles

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Once you have purchased your buy to let property

Legislation and regulations can make the lettings industry a minefield. Updates to legislation are frequent and non compliance can lead to fines and even custodial sentence’s it is therefore advised that you use an experience and reputable letting agent to ensure you are compliant and kept up to date with new and changes to legislation.

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The Furniture and Furnishings (Fire Safety) Regulation 1988 (Amended 1993)

The purpose and reason for these regulations is to reduce the incidence and possibility of death which can occur at a property when a fire takes place and the occupants are asphyxiated by the poisonous fumes produced from non-compliant furniture. To reinforce the seriousness of this matter the offence carries a punishment of six months imprisonment or a fine, which is currently £5000 or both.

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A Landlord's Guide to Gas Safety

These regulations were introduced under the jurisdiction of Health and Safety at Work Act 1974 (subsequently referred to as the “Act”) and are designed to provide standards for the installation and maintenance of the general provisions in the regulations for all new gas pipe work and appliance installations and conditions for ongoing maintenance.

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Residential Energy Performance Certificate

If you are going to sell or let your home then you will probably require an Energy Performance Certificate (EPC) for the property first.

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How to get your property ready to rent

If you haven’t purchased the property with a specific buy to let mortgage you must contact your mortgage company or financial lender. Once you have determined that your property can be rented out, request the approval in writing for your records.

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Smoke Alarms

The Building Regulations (1991) state that all properties built since June 1992 must be fitted with mains operated interlinked smoke detectors/alarms with at least one detector per floor level.

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EPC Deadline Looms

Landlords of both residential and commercial investment property should be aware that with effect from April 2018 if their investment property has an Energy Performance Certificate (EPC) rating of F or G, it will be unlawful to let the property.

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Preparing your Property for Letting

Whether you are a new landlord preparing your first property in readiness for letting or have let for many years, it is important to bear in mind that clean and well maintained properties attract better rents, quicker lets and longer tenancies

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Right To Rent

Effective from 1st February 2016 the Right to Rent is a check a landlord, agent or householder renting out property should make to ensure that the prospective tenants or occupants have a right to rent

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Deposits

The Housing Act 2004 requires landlords and letting agents to protect deposits on assured shorthold tenancies in a government-backed tenancy deposit scheme.

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Tenants Guide To Renting

Prior to starting to look for rented accommodation it is important to budget carefully and calculate what monthly rental you will be able to comfortably afford. When calculating you must include the additional costs of council tax, utilities and telecommunications as these are rarely included in the asking rental.

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A Students Guide to Renting

Once you have finished your first year in halls in is time to find private accommodation. Here’s a view helpful hints to find the right student property for you.

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