The popularity of the buy to let sector in the UK shows no sign of abating. Unfortunately, there are a number of costly mistakes waiting to be made. So if you are a new or accidental landlord, or you are unsure or confused about some of your legal obligations when it comes to letting property, then follow these helpful tips.
The certificate is valid for 10 years and it also helps a landlord find good tenants because they know the property will be cheap to heat and keep warm. Breaking the EPC rules can result in a £200 fixed penalty notice from Trading Standards.
Landlords are legally responsible for the safety of their tenants. Landlords should make sure maintenance and annual safety checks on gas appliances are carried out by a Gas Safe registered engineer.
There are a number of issues to appreciate if this is the plan and the legal requirements mentioned above will also be applied here. It’s important to realise that if a landlord is converting what used to be a family home into a shared property then planning permission may be needed from the local authority.
A landlord may also need permission for its change of use even if they are not carrying out any conversion work. New landlords need to beware that there are strict regulations over properties that are three storeys or more high and contain five or more tenants. These properties will be considered as a HMO and a licence from the local council will be necessary.
In addition, there is a growing trend for local authorities to run a selective licensing scheme for the landlords in their area and it will be compulsory to sign up – failure to do so could lead to a hefty fine.
A new year has dawned and it's time to get planning. With pension reforms coming into effect in April, is now the time to become a landlord?
Falling into rent arrears can be a very difficult time for tenants. Follow these tips to deal with the situation and prevent it from happening again.
What’s the key to a successful tenancy? Here are 5 tips to get you started.