Renting out your property
Nicola Crozier • 28 Apr 2021Once your property is ready to let there are some considerations.
Finding tenants
You will need to choose between using a letting agent, who will find tenants, obtain any references and draw up a tenancy agreement on your behalf, or being self-managed and making your own arrangements.
Collecting the rent
You may want your tenants to pay rent directly in to a designated account or you may want a letting agency to manage this for you.
Energy Performance Certificates (EPC)
EPCs are compulsory whenever a property is let to a new tenant. You will be responsible for making sure the EPC is available to tenants when required and if you decide to sell the property.
Deposit protection schemes
Landlords must put deposits in a government-backed tenancy deposit scheme if the property is let on an assured shorthold tenancy that started after 6 April 2007.
Property maintenance
You are legally required to keep a property safe. You will need to arrange annual gas safety checks and certificates for the gas and electricity supplies.
Legal rights
You will need to keep up to date with legislation affecting you and any tenants.