Whether you have a growing property portfolio, or are renting out the spare room in your attic, being a Landlord comes with huge legal obligations, including:
• (In Wales), obtaining a Landlord’s License from Rent Smart Wales
• Placing any Tenancy Deposit in an appropriate Tenancy Deposit Scheme
• Providing the Contract Holder with prescribed information in relation to the Scheme
• Obtaining an Energy Performance Certificate (EPC) and an Electrical Installation Condition Report (EICR).
• Maintaining the property in a liveable condition and carrying out repairs
• Ensuring appropriate Insurance for the property is in place
• Meeting the fire safety requirements
• Obtaining a House in Multiple Occupation Licence (if appropriate)
• Informing your mortgage company of any changes.
• And that’s before you’ve collected any rent !
Our Janine Griffiths is a member of the National Residential Landlords Association and is very familiar with the issues surrounding the renting out of property privately. She often attends courses and receives regular updates in relation to the frequent changes in Landlord responsibilities.
If you would like to arrange an appointment to discuss your potential needs, please telephone our offices on 029 2047 5100 and ask for Janine Griffiths. Alternatively, please complete the enquiry form to the right and one of our team will contact you.