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LandlordsTips

  1. When arranging insurance cover for rented property, you should use a specialist policy http://is.gd/3esl5
  2. If you take a deposit, an detailed inventory is essential if you ever need to claim for damage
  3. EPCs must be given foc to all prospective tenants http://short.to/q7n9
  4. When buying investment properties with sitting tenants, remember you may not be entitled to evict them, so check them carefully
  5. HMO landlords whose properties require a license cannot normally serve a section 21 notice until the license has been applied for
  6. Landlords who let HMOs must have electrical installations inspected every 5 years and get a certificate
  7. Take steps to protect yourself against your letting agent going bust : http://short.to/q7mw
  8. You are still legally responsible for keeping the property in repair even if the tenant fails to pay rent
  9. Watch out for the signs of drug production in your properties : http://bit.ly/L5frv
  10. Consider using agents which are registered with the Property Ombudsman http://is.gd/1n0cq
  11. Be careful if you take 2 months rent in advance instead of a deposit- a court may not agree it isn't a deposit, if yr tenant brings a claim
  12. If your tenant has gone abroad owing you rent, see this article http://is.gd/1n04T
  13. Tenancy agreements do not have to be for 6 months - you can have any term you wish, but 6 months is usual
  14. If you cannot find a new tenant, consider allowing pets - see our article on facebook : http://snipr.com/lqwel
  15. If you are worried a new tenant cannot pay rent, consider taking a guarantor
  16. If your tenant fails to pay rent, write immediately - we have precedent letters in our Rent Arrears Action Plan http://short.to/ieed
  17. Be careful with company lets, sometimes they are used for employees who would not pass referencing
  18. If your tenant is paying over £25Kpa you do not need to protect the tenancy deposit in a scheme
  19. If doing a company let, check first to make sure it is a real company - you can do this free online at http://www.companieshouse.o...
  20. You must have a landlords address in England & Wales in your tenancy agreement (or separate notice) or tenants can withhold rent