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Thinking of renting your property in Brighton and Hove?
Here’s our list of 10 things to consider!
Whether you’ve been a landlord before, or considering it for the first time, this blog post will ensure you don’t miss a thing when it comes to renting out your property in Brighton and Hove.
There’s no getting away from it, being a landlord involves a lot of work. There is always a lot more to do in the first stages of letting, from making sure the property is safe and ticking the legal boxes, to marketing the property and finding someone to rent from you.
With this in mind, we have created a little snap shot of a ‘to-do’ list for landlords so you have an idea of what to expect when opening your doors to tenants.
- Your property must be safe
Making sure your property is safe is paramount. You have a duty to keep your tenants safe and failure to do so could lead to big fines, or even prison.
You must install a smoke alarms, there must be a carbon monoxide detector installed where there’s a solid fuel-burning appliance. If you’re renting a house with multiple occupancy, then the rules are even more strict and we would be happy to discuss these with you further.
It is also a legal requirement that tenants are provided with a valid Gas Safety certificate (CP12) at the start of the tenancy along with an EICR, and an Energy Performance Certificate (EPC) at the point of their viewing.
It can be daunting to know that making a property safe for renting is your responsibility, so we are here to help every step of the way.
- How to rent guide
As with an EPC, the ‘How to Rent guide’ and Prescribed Information are essential documents that you must give to your tenants prior to them renting the property. You can read more and download a copy of this from the Gov.uk website here.
- Advertise your property
We can help with this – so just contact us to find out how we can find the right tenants for you. This will save you time and stress which will be valuable when renting out your home in Brighton and Hove. We often have tenants registered on our books too.
- Carry out a right to rent check
The pre-tenancy process now incorporates the Right to Rent scheme, which means landlords are required to check whether prospective tenants have a legal right to work in the UK. At Young Lee, this is something we are experienced in and will be happy to help you through the process to avoid fines of up to £3,000 per tenant.
- Reference your tenants
This isn’t a legal requirement but it can help minimise risk when letting your property. This usually includes getting an understanding of all your tenant’s basic information so you can gain a greater understanding of who is renting your property, this is also something we would be more than happy to assist with.
- Arrange a tenancy agreement
When a tenant agrees to rent your property, you must supply them with a tenancy agreement, which is the official contract that gives the tenant the right to live in your property, and you the right to receive rent from them. We have years of experience in this area so just get in touch.
- Set up landlord’s insurance
Whilst it’s not a legal requirement to have landlord’s insurance, there is always the possibility that something unexpected could go wrong, so we recommend you do consider this also.
There are many different types which will cover you from buildings insurance, to rent guarantee and legal expenses, so we suggest you do your research.
- Your tenants’ deposits must be protected
Every landlord must put the deposit they receive from a tenant into a Government-backed tenancy deposit scheme within 30 days of receiving the money and provide tenants with a copy of the certificate.
There are three Government-approved schemes, we are members of the Tenancy Deposit Scheme and can arrange for the deposit to be registered on your behalf. There are strict limits on what deposits you are now legally allowed to charge your tenants, so make sure you stay within the law.
This may sound obvious, but it’s important to make sure the property you’re letting in Brighton and Hove is clean. You must also decide if it will be furnished or unfurnished, and get rid of any personal items which may have a sentimental value to you or your family.
- Create an inventory
It’s a good idea for both you and your tenants if an inventory is carried out, so you both know what is in the property when renting it out in Brighton and Hove. This is something we highly recommend and can arrange for you, or with you, so please just get in touch for some assistance.
There are of course, many other things to consider when letting a property in Brighton and Hove. At Young Lee, we are here to help you every step of the way. We’re always happy for you to give us a ring, or to pop into the office for a chat to discuss anything and everything when it comes to letting in Brighton and Hove. Whether you have one question or one hundred questions, we are always more than happy to help.
Get in touch with us today on 01273 005599 or email email@example.com.