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Now's the time of year when you need to ensure that the boiler in your property is working efficiently and safely. And it's better to do it sooner rather than later.
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Your deposit is a simple way to protect your landlord if there is any damage to a property at the end of the tenancy. We ask for the equivalent of five-weeks rent, which is held in a government approved scheme and returned at the end of the tenancy, less deductions.
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Landlords have to contend with a barrage of rules and regulations. Safety laws demand that you make absolutely certain that you anticipate all risks and take action to keep our tenants safe. Not only must you organise regular gas and electrical safety checks, you also have to provide reliable smoke and carbon monoxide alarms*. Houses of multiple occupancy require emergency lighting and additional firefighting equipment.
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The world of property investment and management is one of constant change and increasing complexity. Recent legislation has introduced many new rules and regulations that appear to be designed to keep landlords on their toes and at risk of falling foul of the law. Yet, surprisingly, some private landlords persist in trying to be experts in the legislation and taxation governing the lettings industry.
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There are plenty of advantages to renting rather than owning your own place. It gives you flexibility and freedom as well as the chance to move every couple of years without the hassle of buying and selling.
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There are many good reasons for more people to become landlords in the current economic climate – including the sorry state of current pension provision. Given that our society relies on the private sector for housing, we need landlords. But we need good ones. So how should landlords behave?
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The landlords of almost 300,000 properties were required to upgrade their energy efficiency earlier this year, those who didn't faced several thousands of pounds in fines.
