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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
Renting in the private sector has in recent years grown significantly and although we are seeing a resurgence of first time buyers we believe that tenant demand will remain high for many years to come.
You could be searching for the highest possible return immediately, or wish to find the best property for long term capital growth. Most investors want a balance of both income and capital appreciation and see investing in property as an appealing alternative to low interest savings accounts, pensions and volatile stocks and shares.
Why should a student landlord choose Goadsby? Goadsby can assist in making sure that your property complies with the HMO licencing conditions.
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.
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.
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.
If you are going to sell or let your home then you will probably require an Energy Performance Certificate (EPC) for the property first.
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.
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.
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.
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