Legal Responsibilities
Buy To let Investments - Your legal Responsibilities
PROPERTY ADVICE BLOG - Buy To Let Investments - You Legal Responsibilities
What are my legal responsibilities as a landlord?
As the property owner and landlord you will have to make sure repairs are carried out quickly, ensure gas, electrical fittings, furniture and furnishings meet safety requirements and other tenancy rights. Read through booklets such as ‘Assured and assured shorthold tenancies: a guide for landlords’ http://www.communities.gov.uk/publications/housing/assuredassuredlandlords
If you hope to rent out a property in England and Wales or ‘Regulated Tenancies in Scotland -Your Rents, Rights and Responsibilities’ http://www.scotland.gov.uk/library2/doc10/nssh-02.asp for those with buy to let mortgages over the border. In this way you can understand your legal obligations, the rights of your tenants and all of your responsibilities.
By law you are required to have a valid Gas Safety Certificate (needs renewing each year) and as of the 1st October 2008 you are also required to provide an Energy Performance Certificate (EPC) for each rental property you own. The EPC is valid for 10 years. You can apply for these through PROPERTY ADVICE BLOG's recommended partners - just click on the relevant link below.
Also don't forget that recent legislation means that you are also legally required to hold the tenants deposit in an approved scheme. If you're using a managing agent they will do this on your behalf (worth asking them to provide written confirmation that this is the case though). If you intend managing the property yourself you can use the government approved Deposit Protection Service - this is a free to use service, but do pay attention to the rquirements to provide written documantation to your tenant within 14 days of the tenancy commencing! All the information you need is on their site so take time to read it through thoroughly.
COMING SOON!
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