If you are working with Right Estate Agents, we will be able to take care of all tenancy agreements, handling of deposits and inventory arrangements for you however it’s still worth knowing exactly what these are.
Prepare an inventory
Taking a thorough inventory, with photos, at the start of the tenancy will reduce potential disputes over damage to the property. The inventory should list all fixed and freestanding items within the property, their condition and location. Professional inventory companies can help you with this.
IMPORTANT: It’s important both you and your tenant reviews the inventory and agree it’s a fair record of the condition and contents of the property when the tenancy starts.
Check your smoke alarms
Since October 2015 you, as a landlord, have a legal obligation to ensure smoke alarms or carbon monoxide alarms installed are in working order on the day a tenancy begins. You’ll need to make sure there’s a functioning smoke alarm on each storey where there is a room used wholly or partly as living accommodation. More information can be found on the RLA website.
Check your insurance
Tenants will be expected to purchase their own contents insurance but you are responsible for providing adequate buildings insurance. If you are letting the property furnished it’s a good idea to take out cover for that although you will need to let your insurance company know you are renting the property out as it will affect the premium.
Preparing your property for your new tenant
Make sure the property is clean and tidy. It not only creates a welcoming environment for your tenant, but it sets the standard you expect from them. Between tenancies is also a good time to make those small non-urgent repairs.
Just before your new tenant moves in, we’d also recommend: