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Renting My First House.

2

Comments

  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    have you got a Landlords Gas Safety Certificiate ?
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you looked into landlords' insurance, from the perspective of the building becoming uninhabitable (fire, flood), or getting a rogue tenant in who doesn't pay the rent, trashes the place?
  • franklee
    franklee Posts: 3,867 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Are you taking a deposit? If so have you looked into what scheme and how it works?

    Do rental properties have to have an energy thingy like sales do :confused:
  • shaz77_2
    shaz77_2 Posts: 1,881 Forumite
    clutton wrote: »
    Tenancy agreement has been drawn up by myself. - extremely foolish.... use the one on national landlords association website once you have joined

    also - use an agent to get your first tenants in .... spend 6y months reading www.landlordzone.co.uk and www.singingpig.co.uk and buy some books and research the business you are embarking on as you obviously know very little... let an agent deal with it for 6 months then you will know the ropes

    Very good advice, I spoke to an estate agent, he advised that he will do all the required work, his fee is one months rental income.

    All he advised me to do was to install an electricity meter box on the property, he said this is free and it would keep better track of my electricity bills.
  • ET1976
    ET1976 Posts: 315 Forumite
    You need an EPC - Energy Performance Certificate http://epc.direct.gov.uk/index.html.

    It rates your house on how energy efficient it is so prospective tenants can guage how much it might cost to heat etc.
  • ET1976
    ET1976 Posts: 315 Forumite
    shaz77 wrote: »
    Very good advice, I spoke to an estate agent, he advised that he will do all the required work, his fee is one months rental income.

    You cannot rely on this - you still need to know all the relevant legislation to make sure a) you know that the agent is doing things properly b) you know what is still your responsibility even if you use an agent.
  • shaz77_2
    shaz77_2 Posts: 1,881 Forumite
    ET1976 wrote: »
    You need an EPC - Energy Performance Certificate http://epc.direct.gov.uk/index.html.

    It rates your house on how energy efficient it is so prospective tenants can guage how much it might cost to heat etc.

    The estate agent advised me of this, I already have this certificate.

    How much do I need to be aware of when the estate agent is leasing the property for me?
  • ET1976
    ET1976 Posts: 315 Forumite
    I can't really answer that as I have never used an agent. I guess it will depend to some extent on whether you are just using a 'tenant finding' service, after which you manage the tenancy yourself, or if you are getting the agent to do all the management for you.

    I have heard tales of people thinking their agents are putting the deposit in a suitable scheme when they have not, and it is actually the landlord's responsibility to ensure this has been done, so there is clearly scope for misunderstanding as to responsibilities when using an agent.

    I'm sure someone who knows this side of things will advise.
  • shaz77_2
    shaz77_2 Posts: 1,881 Forumite
    Thanks for that feedback, I will look into the responsibilites that I need to cover a little more.
  • what area is your house situated in?
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