Discover in this article how to beginning an Assured Shorthold Tenancy (AST), learning from the common mistakes, in order to get it right.
In the long-term, it will work out better for all parties.
Comply with the regulations, provide all necessary information
You must provide your tenants with a valid gas certificate, an Energy Performance Certificate and the government`s latest How to Rent Guide. The guide can be emailed. Also, check local licensing requirements. If you let your property without a licence, you may be liable to pay a fine. Failure to comply with these points will invalidate a future Section 21 Claim in England. You also have to check that your tenant have the right to rent in the UK.
Secure the deposit
It is recommended to collect a deposit in the event of property damage or rent arrears. If you do secure a deposit you must protect it and register it within 30 days of receipt and provide a certificate to the tenant. You must explain to the tenant where the deposit is being kept. You can select one of the three Government back deposit schemes.
Read more: How to manage a tenancy deposit dispute?
Provide a safe property
Ensure wiring, electrical appliances are safe. It would be advisable to obtain an electrical safety check. HMOs must obtain an electrical safety check and electrical appliances need a portable appliance test. Landlords must provide a smoke alarm on all floors and a carbon monoxide alarm for any solid fuel appliances.
Order an inventory
Obtain a comprehensive and accurate inventory when letting your property. This will help if you need to make any claims in the future. You can either order an inventory clerk to carry out this report or you can prepare the report with pictures taken by your phone. Beware an inventory prepared by you would be less respected when a claim reaches court than a report prepared by a third-party. Ensure to email the inventory to your tenant within 7 days or have your tenant sign it.
Spend time with your tenant
At the start of the tenancy walk through the property and explain how the property functions to your tenant. Explain to them how they need to keep the house. Take meter readings. Ensure your tenants understand what you expect of them when it comes to looking after your property.
Read More: How to find good tenants