Appropriate marketing and careful tenant selection go a long way to making the letting relationship much easier. That’s why, here at New Oak Estates we do not accept a tenant application without running it by you first.
We often find that landlords have a variety of needs depending on their landlord experience or simply their desired involvement. New Oak Estates offer two tailored packages to suit;
Furniture and furnishing regulations
If you are furnishing your rented property, you must ensure that all furnishings comply with these regulations. New Oak Estates can give advice on which furniture items will be compliant, and all compliant furniture must display standard labels in a prominent position. This is to reduce the risk of fire within the property.
A Gas Safety Record (GSR) is in place to ensure that all gas appliances, pipes and flues are in safe working order. It must be carried out by a qualified Gas Safe Register engineer. This needs to be completed every 12 months. New Oak Estates can remove the stress by arranging this for you.
You are required to ensure that any electrical devices within the property are safe for use. We recommend an Installation Survey or Portable Appliance Testing (PAT) so you can be sure you are compliant.
Housing, Health and Safety Rating System (HHSRS)
Introduced as part of the Housing Act 2004, the HHSRS allows local authorities to assess the condition of the property and any potential hazards. The aim is to maintain good standards in the private rented sector. New Oak Estates can help you understand how this legislation may apply to your property.
Tenancy Deposit Scheme (TDS)
Landlords and letting agents are required to register a tenant’s deposit with an approved Tenancy Deposit Scheme. A Tenancy Deposit Scheme protects the tenant’s money and can help to resolve any disputes at the end of the tenancy. At New Oak Estates, we will handle the administration of the protection of the security deposit and provide your tenant with all the details of the scheme.
Energy Performance Certificate (EPCs)
An Energy Performance Certificate, or EPC for short, is a report detailing the energy efficiency of a property. It gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years. All landlords are required to purchase an EPC for a property before they let it. It is also a requirement that letting agents display the EPC when marketing the property. If a property does not have an EPC when marketed, the landlord and the agent risk a fine.
Houses in Multiple Occupation (HMO)
When you let to sharing occupants who are not a family group you will need to comply with rules around Houses in Multiple Occupation (HMO).
All landlords could be liable to pay tax on their rental income, whether they live in the UK or are based overseas. Further information can be found on the Inland Revenue’s website:www.hmrc.gov.uk/index.htm There are specific tax rules for overseas landlords.
As a landlord you have a duty of care to your tenants to make sure your water supply is working properly to protect them from Legionella.
Smoke Alarms and Carbon Monoxide Alarms (for England only)
Regulation has been introduced which requires all landlords – with properties in England - to have at least one smoke alarm on every storey of their properties - even where only a bathroom is located. And, if any room contains a solid fuel burning appliance, such as a wood burning stove, a coal fire, an open fire place or where biomass is used as fuel, a carbon monoxide alarm has to be present. The alarms must be correctly checked on the first day of any new tenancy but it is then the responsibility of the tenant to regularly check the alarms are in working order - the Department for Community and Local Government recommend once a month and, if they are not working, report it as a maintenance issue.
The How to Rent Guide – the checklist for renting in England (for England only)
A new tenant should always receive a Department of Local Government and Communities How to Rent Guide at the start of their tenancy from their lettings agent which gives practical advice about what to do before and during a let. A Guide which the tenant must confirm they have seen at the start of a new tenancy. The full Guide is available via gov.uk
Right to Rent checks
The Right to Rent scheme, which helps to make sure that people renting property in the UK have a legal right to be here, was rolled out across England in February 2016. If you carry out your own checks you will now need to make sure you get an acceptable proof of residency or risk a fine. If we don’t currently handle tenant checks for you, we’d be very happy to discuss how we can help you with this.