Information for Landlords
Information for Landlords
Whether you have one or a large portfolio of properties, letting and managing property can be minefield.
PLP Lettings and Management service can remove this burden and provide landlords with peace of mind that professional property management provides. So whether you would llike us to undertake one or all activities, you’ll be in safe hands with PLP Property Consultants.
The following information has been collated from ARLA and several Government bodies, it provides Landlords with an overview of their basic obligations and methods of protecting themsleves:
A tenancy agreement is a legally binding contract between a landlord and tenant that sets out the responsibilities and obligations of both parties. It should be written in plain English and its terms and clauses should be fair and balanced, taking account of the respective positions of the parties and should not mislead about legal rights and responsibilities. Landlords and tenants should take care to individually negotiate any particular terms or conditions that are important to them or especially relevant to the particular let or property.
Inventory & Schedule of Condition
An Inventory provides a documented description of the property contents and its condition at the present time. This is an absolutely essential document that should be updated and tailored to provide an accurate description at the start of each new tenancy. PLP also advise photographs are used to document the properties condition.
Repairs & Maintenance
In the majority of cases the landlord has a legal responsibility to repair the structure and exterior of the property, including drains, gutters and external pipes; to keep in working order the installations for the supply of gas, electricity and water; and, for the installations for the provision of space and water heating. The landlord also has other legal responsibilities relating to the safety of such items as gas, electricity and furnishings as well as the general standard or fitness of the property for habitation.
A tenant has an implied covenant to act in a “tenant-like manner”. Broadly, this means to report disrepair promptly; to take reasonable steps to ensure that neither the tenant nor guests damage the property, its fixtures and fittings; to do the minor day to day things any home-occupier would normally do e.g. replace light bulbs, fit a new battery in a smoke or CO2 detector, tighten an odd screw which has come loose on a door handle etc.; to keep the property reasonably warm and aired to help prevent condensation or freezing of pipes; to leave the property secure when absent from it; to keep the garden and other areas reasonably tidy and free from rubbish.
Safety Regulations & Statutory Requirements
Under the Electrical Equipment (Safety) Regulations 1994 and the Gas Safety (Installation and Use) Regulations 1994 all electrical appliances and all gas appliances MUST be checked by professional tradesmen and all items marked with the date and time of testing to comply with the government regulations. We are happy to organise for these checks to be carried out by fully qualified engineers on your behalf. Failure to comply with the regulations can result in prosecution. All appliances should have instruction books left at the property.
Income from UK property is subject to UK Income Tax at the prevailing rate. If you, as the Landlord are resident overseas, the Inland Revenue has the power to hold the Agent liable for tax on the income that the Landlord receives. Therefore you must inform us if at any point you become resident abroad.