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What exactly do i need to be in place before trying to rent a property out?

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Comments

  • tom9980
    tom9980 Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've helped Parliament
    Deleted_User wrote: »
    It needs to be rented if our potential sale falls through so I will have no choice tbh. Would probably go through a agency to have them look after it and it would be long term or at least a few years until we would try and sell again?

    You need to understand you are legally liable for anything you do wrong, its not a small undertaking and it could potentially cost you a bundle if you get it wrong. Letting agents wont be the one taking the heat if they mismanage your property it will be you and only you.
    When using the housing forum please use the sticky threads for valuable information.
  • topdaddy_2
    topdaddy_2 Posts: 1,408 Forumite
    You dont want corgi...
  • pmlindyloo
    pmlindyloo Posts: 13,100 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Here is the link previously talked about:

    Information for new landlords

    http://forums.moneysavingexpert.com/showpost.php?p=41160642&postcount=12
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    edited 13 May 2014 at 4:47PM
    Deleted_User wrote: »
    Wow that's a big list, the property would be unfurnished apart from gas cooker. Already have the EPC, CH system always checked by British Gas.
    no it's a tiny list, THE LIST is from GM and covers everything you are legally liable for plus things you need to know on top of that.
    As it says, read everything therein especially the sub links, or you will repent at leisure (perhaps even at Her Majesty's in some cases) ....

    http://forums.moneysavingexpert.com/showpost.php?p=65509718&postcount=2
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Pixie5740 wrote: »
    Yes you'll need to tell your mortgage lender who may or may not grant consent to let.

    You'll need landlord's insurance too.

    Energy performance certificate (totally pointless document but legally you need one).

    Any gas appliances? If so a gas safety certificate is required.

    Any furniture you leave such as sofas have to meet fire safety regulations.

    Tenant's deposit must be protected by law so look into the different schemes.

    Will you be letting the property to a family, a couple or a number of unrelated people? You should check with council in case you need an HMO license.

    Yes, this list is just a starter for 10.
  • tom9980
    tom9980 Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've helped Parliament
    dont forget

    http://www.hse.gov.uk/legionnaires/faqs.htm#Landlord
    When using the housing forum please use the sticky threads for valuable information.
  • isthatreduced
    isthatreduced Posts: 597 Forumite
    Where I live Landlords are required to put in Hardwired smoke alarms.
  • Kynthia
    Kynthia Posts: 5,692 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    isthatreduced wrote: »
    Where I live Landlords are required to put in Hardwired smoke alarms.



    Where is that as I thought in England it was just in HMOs?
    Don't listen to me, I'm no expert!
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Deleted_User wrote: »
    Wow that's a big list, the property would be unfurnished apart from gas cooker. Already have the EPC, CH system always checked by British Gas.
    It's a short list. There's a lot more.

    Thanks to pmlindyloo for posting my link, here it is again:

    [FONT=&quot]New Landlords[/FONT][FONT=&quot] (information for new or prospective landlords)[/FONT]

    [FONT=&quot]Letting Agents [/FONT][FONT=&quot](Tips for selecting, and tips for sacking them)[/FONT]

    But please note my [FONT=&quot]New Landlords[/FONT][FONT=&quot] [/FONT]post is itself only a starter. You need a book!
This discussion has been closed.
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