Please Note: This Article is 4 years old. This increases the likelihood that some or all of it's content is now outdated.

How to be a landlord – a landlord’s checklist to letting a property.

Welcome, we hope you enjoy our ‘checklist for landlords’, where we will cover the majority of stages you’ll go through when letting a property for the first time.

Below is a brief summary of a landlords checklist – you can download the full 30 point handy interactive version here.

This checklist should be used as a general supplement and should answer many general questions. However, if you have any doubts regarding the legality of letting a property privately, you must seek legal advice from a suitably qualified professional, such as a solicitor.  The information contained within this document is not to be taken as legal advice rather as a point of reference and general guide. Landlords should also be encouraged to know that resources like this guide are here to support you and prepare you for the first of many steps to becoming an experienced and profitable landlord.

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Consent to let a property

Before letting a property, landlords may want to cross off a shortlist of contacts that may or may not influence your next steps to becoming a landlord. These could include any adult or organisation who may either have occupancy rights or some title to the property.  Typically, if you have a mortgage on the property and it is not a Buy-to-let product, you may require a ‘Consent to Let’ from the lender.

Preparing a property to rent

First impressions count, if a tenant walks into the property and it is clean, smells fresh and its’ the size and location they are looking for they have already shortlisted your property as a potential…

Energy Performance Certificate

An Energy Performance Certificate or otherwise known as an EPC, is essentially a certificate issued to the Landlord after a qualified energy assessment of the property has been completed…

Furnished or unfurnished?

It will all depend on the type of tenant / tenancy you are looking for or Tenant you want to engage with i.e. students, professionals, sharers, long term tenants or short term tenants and your access to storage…

Marketing your property to let

The more information presented on the biggest UK property websites in a clear and concise manner, the higher your chances of finding your next tenant. Photos, description and price are key to any tenant…

Conducting rental viewings

Landlords and Tenants should always talk to each other before making arrangements to meet. It’s the next best thing to making a face to face first impression. It also gives both parties the opportunity to either discount the need for a visit or reassure each party this may be a strong possibility…

Tenant referencing

There a three references a Landlord should do as a minimum precaution when deciding whether or not to accept someone as a tenant. I.e. an Employment reference, a Landlord Reference (where applicable) and a Credit Check reference to ensure they owe no money, they have paid the rent to a previous landlord and they have a job to cover ongoing rental payments…

Tenancy agreements

Most new tenancies created are as an Assured Shorthold but knowing which one and the implications of each is important. If you have never written one before and need to be sure it covers everything, get some help first time around…

Tenant deposits

Deposits taken from tenants are to be legally protected in one of the UK government approved schemes. Deposits are lodged at the beginning of a tenancy and, where applicable, returned at the end…

Rent

Most landlords require the first months’ rent to be paid upfront with the deposit and have these be cleared funds before the tenant takes possession of the property i.e. you hand over the keys…

Moving the tenant in

Having a fully completed, Property Inventory and Schedule of Condition is probably as equally important as the Tenancy itself. Without it, the Landlord will have very little to no chance of claiming from the deposit for any non-rent payment or property damage…

Gas safety regulations

Gas Safety Regulations place a statutory duty on all landlords of residential property to ensure that all gas appliances, pipe work and flues are maintained in a safe condition…

The electrical equipment (safety) regulations 1994

Landlords need to take on the duty and responsibility to ensure every electrical appliance supplied must be safe to use and the electrical installation in the house is completely safe…

Landlord buildings and contents insurance

Landlords may not always have the right type of insurance for a tenanted property and in most cases, they would not be covered by the insurers…

Utilities – gas / electric / water / council tax

It is recommend to inform new tenants that it is their responsibility to register with the appropriate services because until they do, you may be receiving a few extra bills at the end of the month…

Managing your rental property and tenant

Two useful tips when letting a property: In area of high supply and low demand, consider letting the property slightly under market value. The second tip is to always respond to your tenants needs in a courteous and timely fashion…

Quarterly inspections

Most landlords would make arrangements to visit the property during the tenancy to ensure that the tenant is happy and that you are happy because they are looking after your property…

Ending the tenancy agreement

Under the Housing Act 1988, a landlord who has granted an Assured Shorthold tenancy has a legal right to get his property back at the end of the tenancy.  In order to invoke this right, he is required to follow the correct legal procedure which includes servicing a notice to his or her tenant.

Please Note: This Article is 4 years old. This increases the likelihood that some or all of it's content is now outdated.
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