In recent years government and local authorities have introduced a number of rules and regulations in order to improve the quality of the properties available in the Private Rented Sector. Finlay Brewer Lettings and Management offer Landlord Services to help survive the compliance minefield.
Here’s a selection of compliance hurdles before you may rent a property
An Energy Performance Certificate (EPC)
Every property must have an up to date EPC which provides a rating of the property’s energy efficiency rating. Furthermore, a copy should be made available for the tenant at the earliest opportunity. An EPC is valid for ten years. Landlords with properties in the poorest energy efficiency bands of F and G are not allowed to rent them, the property’s energy performance needs to be brought up to standard. Finlay Brewer Lettings and Management can help you with this.
Is your property in a local authority licencing area? Given the harsh punishments for failure to comply, landlords must find out whether they are in an area covered by a scheme. Landlords in London can use the London Property Licensing website londonpropertylicensing.co.uk, but there is no countrywide list of schemes. Checking with the local council is the safest strategy. If you find out you are in a selective licensing area, your council will have an application form to apply for a licence. The fees charged by Hammersmith and Fulham, for example, start at £540. The council will want to see copies of safety certificates and to know the location of smoke and carbon monoxide detectors, as well as details of your tenants and tenancy agreements. Finlay Brewer Lettings and Management can help you with this.
A Gas Safety Certificate – if there are gas appliances in your property, a landlord by law must have a current Gas Safety Certificate and it have it renewed each year on expiry by a Gas Safe registered gas engineer. The tenant must be given a copy before they move in. They also need to be given copies of any further certificates within 28 days of the inspection. Finlay Brewer Lettings and Management can help you with this.
Are you taking a deposit?
If you are asking a prospective tenant for a deposit, be aware of the legal requirements to protect the tenant’s deposit in one of the deposit schemes and give the required documentation to the tenant, and anyone who paid toward the deposit, within 30 days of receiving the deposit. Failing to protect the deposit within that 30 days has serious consequences for a landlord. Finlay Brewer Lettings and Management can help you with this.
And remember to do the immigration Right To Rent check within the 28 days before signing the tenancy. Finlay Brewer Lettings and Management can help you with this too.
And much more
This is just a selection of compliance issues now facing Landlords.
Finlay Brewer offer a range of services to help guide you through the compliance minefield, please contact us to arrange a free market appraisal.
Our standard fees and costs are as follows:
Standard letting fee 12% (10% plus VAT)
Standard Let and manage fee 18% (15% plus VAT)
FINLAY BREWER SERVICES PRICELIST
We also offer a full range of property management services from a Gas Certificate or a Boiler Service to drawing up a Tenancy Agreement. Please contact our Property Management Team for more information.