Top 10 Tips for Landlords

Top 10 Tips for Landlords in Hendon

Application

Ensure that you've been provided with a completed application form from each tenant. Items to be included:

  • Date of Birth
  • National Insurance number
  • Next of kin details
  • The address for their last three years of residence
  • Identification - Passport or Driving License

Reference Checks

Is the tenant who they claim to be? Credit checks are important as this will pull up any CCJ's. Can you get a reference from an employer or even an old landlord?

Guarantor

Having a tenant guarantor is a very good idea. If you encounter rent arrears problems during the term of the tenancy they could prove to be very handy!

Deposit

Consider taking a minimum of six weeks' rent. This will cover one month's rent arrears and any damage or cleaning at the end of the tenancy. It’s worth noting that by taking a deposit of over two months' rent you trigger the tenant’s right to sublet the property without your consent.

Protect the Deposit

It's vital that you protect the deposit within 30 days of receiving it. Once protected, ensure all parties have been given a copy of the certificate, prescribed information and scheme leaflet and have signed it.

Tenancy Agreement

Never hand over the keys until the tenancy agreement has been signed, the agreed deposit has been received and the first month's rent has been paid in advance.

Insurance

It's important you have the necessary insurance policies in place. This will include:

  • Building
  • Public Liability
  • Rent Guarantee - not a legal necessity but Belvoir Hendon can arrange this so you have total peace of mind

Inventory

Make sure you have a completed photographic inventory that has been signed by both parties. This will prove invaluable if any dispute occurs at the end of the tenancy. Belvoir Hendon can arrange the inventory for you.

Start of Tenancy

Ensure that the tenant(s) have a copy of the EPC (Energy Performance Certificate), Gas Safety Certificate and a copy of 'How to Rent: the checklist for renting in England'. If you fail to provide this you would be unable to serve a section 21 notice.

10 Alarms

Make sure that there are smoke alarms on every floor and carbon monoxide alarms in every room. These must be checked at the beginning of every tenancy.

We hope the above is useful. If you have any questions or would like some further information relating to renting out a property please feel free to contact us on 0203 875 6000 or hendon@belvoir.co.uk

 

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