Reports that one of the most prominent Estate Agents in the UK had allowed its landlords to open to fines of between £9million and £30million in the last few weeks.
This is because they allegedly failed to send some paperwork to their tenants when their tenancy started.
This has had many landlords picking up the phone to me to ensure they are compliant with their rental property. So, what should every local landlord consider to ensure they are compliant and won’t be fined.
To start, there are over 150 pieces of legislation, these are some important ones that landlords should consider.
Registering your tenant’s deposit
Gas Safety Certificates
EPC for your rental property
Electrical EICR Certificate for your rental property
Right to rent checks
Anything else local landlords should be aware of?
How about ..
Health and Safety
Client Money Protection
Homes (Fitness for Human Habitation) Act 2018
Fire safety risk assessment
Legionella risk appraisal
That’s just the tip of the iceberg. The list goes on …
As you can see, there are many things a landlord must consider when it comes to being legal. Yet, apart from a logistical nuisance, there are actual financial penalties involved if you do not observe with all your landlord obligations.
Final Thought for all Landlords
Landlords can make sure they are fully compliant by having a Landlord Compliance Health Check with ourselves at Forbes Estates, or peace of mind that you are compliant, be you a landlord that manages your own town property or even with another agent (because being with the one of the most prominent Estate Agents in the UK was not a guarantee the landlords would safe from prosecution).
Book a call with me, Paul Forbes, https://calendly.com/forbesproperty/30min?month=2021-12…, DM or call 01257 273 324 and let’s have a no-obligation chat before you commit to anything, we also offer advice and updates on the local rental market including an up-to-date rental price guide to make sure you are maximising your investment/s throughout 2022 and beyond.