landlord legal considerations

 

Landlord responsibilities, liabilities and legalities

As a landlord, you have a number of responsibilities, so important to know the legalities of buy to let. The Government has a guide dedicated to helping landlords to understand every area, here are the highlights:

You’re a landlord if you rent out your property. As a landlord you must:

 

Fire safety

It’s your responsibility to:

 

Health and safety inspections

The Housing Health and Safety Rating System (HHSRS) is used by your council to make sure that properties in its area are safe for the people who live there. This involves inspecting your property for possible hazards, such as uneven stairs.

If you own a property and rent it out, the council may decide to do an HHSRSinspection because:

  • your tenants have asked for an inspection
  • the council has done a survey of local properties and thinks your property might be hazardous

 

HHSRS hazard ratings

Inspectors look at 29 health and safety areas and score each hazard they find as category 1 or 2, according to its seriousness.

You must take action on enforcement notices from your council. You also have the right to appeal enforcement notices.

The council can do any of the following if they find a serious hazard:

  • issue an improvement notice
  • fix the hazard themselves and bill you for the cost
  • stop you or anyone else from using part or all of the property

 

Financial responsibilities

You have to pay:

If you have a mortgage on the property you want to rent out, you must get permission from your mortgage lender.

 

Regulated tenancies

There are special rules for changing rents and terms for regulated tenancies (usually private tenancies starting before 15 January 1989).

Here are some other handy links to help you to be a responsible landlord:

  1. Landlord responsibilities
  2. Making repairs
  3. Rent increases
  4. Settling disputes
  5. Houses in Multiple Occupation (HMO)
  6. Paying tax and National Insurance
  7. Changing a regulated tenancy (fair rent)

If you’re not sure which mortgage is right for you, how much you can afford based on expected rental yield, or whether you meet the lender's requirements, speak to one of our qualified mortgage specialists. They’ll advise you and help guide you through the application process. Just call 03300 583 859.

Why choose NM Money?

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Call us today on 03300 583 859 or request a call back.

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