Posted by Admin - 10/03/2016
You found a tenant that you like & have agreed to let your property to them. Congratulations, so what’s next?
There is an extensive list of things as a Landlord you now need to do to ensure the tenancy runs correctly and successfully, therefore, here at 9yds, we have put together a guide that you can work through along with a series of media posts to help you in your journey.
Tenant referencing. A third of all tenancies go into arrears amounting to on average £6,500. Properly referencing tenants helps to mitigate this.
Right to Rent checks. It is the Landlords obligation to check that a tenant has the ‘Right to Rent’ in the UK, this not only involves getting the right documentation but also checking at a viewing that the person in the documentation is the actual person you are letting to.
Carrying out an Inventory. There is no point in taking a deposit from a tenant unless you are going to have a good inventory. Without this you will not have any claim on Tenants monies for damages caused by them.
Preparing a Tenancy Agreement. Off the shelf tenancy agreements are rarely appropriate or complete with all the eventualities a good agreement should cover. If you are using an agreement that you bought from a provider in the past ensure it is updated with any new legislation.
Registering the deposit. Not taking the time to register a deposit, issuing prescribed information to your tenant within the given time frame can result in you being fined up to 3 times the amount of the deposit.
Preparing a move in pack. Ensure your move in pack includes the tenancy agreement, inventory, copies of all Right to Rent documents, a copy of the Government ‘s How to Rent guide, the EPC and Gas Safety certificate.
Members of 9yds enjoy the protection, peace of mind and support needed to market, let and manage properties to the highest professional standards. We are offering Landlords all of the above FREE OF CHARGE with the optional addition of Rent Warranty*
What is a Rent Warranty?* This can protect you from rent arrears and more importantly the legal costs of evicting a tenant.
Our state of the art systems and team, will ensure that you have all you need to. This includes creating an inventory, tenancy agreement and registering your deposit, whilst complying with current legislation regarding Right to Rent, EPC, Gas Safety and other regulations FREE OF CHARGE.
For full information why not view our brochure Hard Way or the 9yds Way or call our team on 0333 006 3000.