Help for New Landlords
Neath Port Talbot Council, in partnership with LACORS, has
released new guidance to help people thinking of renting out their
home.
The national slow down in the housing market means many people
are being forced to become private landlords and rent out their
homes. Rental income can help the budget, but a lack of knowledge
of the law can prove costly further down the line.
By following this simple ten-point checklist people can avoid
trouble when renting their homes:
- Speak to your mortgage lender
- Get references from potential tenants
- Prepare a formal tenancy agreement
- If you take a deposit, it must be properly protected
- Obtain an energy performance certificate
- Find out whether you need a property licence
- Get all your gas and electrical appliances checked
- Minimise the risk from fire
- Ensure that your property presents no risk to your tenants’
health and safety
- Don’t find yourself in court when something goes wrong
Failing to talk to a mortgage lender could see
people lose their home, or by not storing a tenants deposit in an
approved scheme cost new landlords three times over. Failing to
license a property could result in up to a £20,000 fine. This
guidance provides people the information they need to stay on the
right side of the law.
To read the guidance click on the document below.
Renting your home Guidance for Landlords
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Last Updated: 11.12.2012 at 10:32