estate agents in Peckham

The 4 Rules to Becoming a London Landlord

Whether you are one of the rising numbers of landlords, or deliberately made the decision to invest in a rental property, it is crucial that you understand your responsibilities before you welcome your new tenants into your home. In London, you should know that a lot of rules apply to landlords and in the first place, it is easy to get overwhelmed. However, as long as you properly research, and contact the right estate agents in Peckham, you shouldn’t find this much of a trouble to meet your expectations and remain on the right side of the law.

For whatever reasons, if you are planning to rent out a home, to get you started, here are some of the rules or responsibilities you will have to comply to in order to become a landlord.

1.     Ensure Your Home is Completely Safe

The most fundamental obligation is to ensure that your rental property remains safe for the new tenants moving in to live. This means before you put up your home on the property market or contact estate agents such as Fish Need Water you should make sure all your gas and electrical equipment are safely installed, properly maintained, and regularly checked. You should also install a fire alarm on each floor of your property along with useable fireplaces, or wood burners, and a carbon monoxide alarm. In addition, any furniture you provide should be fire safe and your home should have an emergency escape in the event of a fire break out.

In the case of an emergency, which makes your property insecure and unsafe while tenants are living it, it is your duty to resolve the problem and pay for the repairs. Also, whether the windows or doors are damaged, problems with the plumbing or cooking equipment, or any other issue that could pose some risk to your tenant’s safety and health, it is your responsibility to act.

2. An Energy Performance Certificate is Important

Right before you market your property to tenants, you are required by law to provide an energy performance certificate. Such certificates contain valid information on the typical costs and the energy use in a property and give recommendations on how the consumption of energy should be reduced. Documents that are valid for about 10 years give properties an efficiency rating from A, which is the highest down to G. Note that in order to get an EPC, you will have to contact accredited assessors.

3.     Know Your Rights to Entry

If you are a landlord, this does not mean you have the right to simply walk into the rental property when you wish you need to enter it. There are some serious and strict rules governing access. However, in the case of an emergency or if some of the conditions are met, you can move into your property. For example, you have the right to access it if you need to work on some repairs. This depends on the nature of the repairs. If there is an emergency, you can enter the property immediately to carry on with the work.

As a landlord, you also have the right to entry to inspect the state of the repair of the property. To comply with the law, you have to give your tenants a minimum of about 24 hours notice before you enter their home. Most of the tenancy agreements also stipulate that the visits you make must be at suitable times of the day so that tenants can be there if they wish to or not. However, if you have an agreement with your tenants or a friendly relationship, you can both come to a decision on your own regarding the permission to enter the property.

4.     Checking the Rights of Tenants to Rent

If you are planning to rent out your property in England, you have to check the tenant’s right to rent. This included determining whether the people are allowed legally to rent residential properties in England. To abide by the law, you have to make appropriate checks on all tenants and occupiers aged over 18. You should check their background, and required to check their original documents whether they are allowed to live in the UK. Make sure their paperwork is accurate and does not show any false signs. You should also make copies of the documents and note the date you conducted the checks.

Note that if you do not follow these rules and accept a tenant who does not have permission to rent a property in England, you are also at a risk of facing a £3,000 fine.

These are just a few of the list of responsibilities you need to consider as a landlord, but it does not cover the most important basics and should give you a better idea of what to expect. For further information, you can consult your estate agents.

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