Landlords: 12 Things To Consider

Landlords: 12 Things To Consider

1. Your mortgage

Many mortgage agreements state borrowers need written consent from lenders
before they rent out property. 

Take a look at your mortgage agreement or ask your mortgage lender directly
to find out whether you need consent.

2. Screening tenants

Visit the website, which provides and avoid .

3. Written tenancy agreement

Having a signed tenancy agreement will make it easier to deal with any
disputes, should they arise.  Find a who specialises in landlord-tenant law for advice.

4. Energy Performance Certificate

All new rental properties in the UK now require EPCs.  Rules vary by
jurisdiction.  For more information, read (England and
Wales), or visit (Northern Ireland) or (Scotland).

5. Property license

are subject to mandatory
licensing by local authorities.  Again, rules vary by jurisdiction.  Click on a link
below for further information:

6. Local authority registration

Scottish landlords must register with their local authorities.  For more
information, visit

England, Northern Ireland, and Wales do not have mandatory landlord
registration schemes, but that .

7. Gas & electrics

Landlords must maintain all gas appliances and arrange and pay for an annual
safety check by an engineer certified by
(Great Britain and the Isle of Man) or (Northern Ireland and the Channel Islands).  For more
information, read

In addition, landlords should ensure the electrical system and all appliances
are safe to use.  For more information, read

8. Fire safety

All landlords must comply with UK fire safety regulations.  For more
information, read and LACORS’

9. Repairs, maintenance, & health and safety

Rules on repairs and maintenance vary by jurisdiction:

10. Rental deposit protection

In England and Wales, almost all deposits should be protected by a Tenancy
Deposit Protection Scheme (TDPS).  For more information, visit .

Scotland passed legislation to introduce mandatory TDPS in 2006; however, the
Scottish Government has delayed implementation and encouraged landlords to join
a voluntary accreditation scheme instead.

Currently, there is no mandatory TDPS in Northern Ireland, but the Northern
Ireland Executive recently announced it is being considered.

11. Property management companies

All of the above legal responsibilities should be dealt with before you let your property.  If you do not have time to do everything, you should
consider paying a property management company to do it for you.

12. Landlord Insurance

Obtain comprehensive landlord insurance to protect your property.

** Additional Information & Advice **

For comprehensive information and advice about becoming a landlord, you
should seek out a solicitor who specialises in .  You can be in your area for free via solicitor matching services, which can
also help you to understand the best course of action and whether you are ready
to hire a solicitor.