Being a landlord is not as Regulation-free as it may first appear. It is vital that an Assured Shorthold Tenancy Agreement is prepared which accurately reflects not only the needs of the landlord (no pets, no smoking) but also notes any restrictions in the property’s deeds (no signs or notices to be placed in windows) and indeed, complies with the requirements of the landlord’s lender!
There is also the requirement to now check the immigration status of prospective tenants before a tenancy can be granted and obligations to make further checks during the term of the tenancy.
In addition, the landlord must ensure that he protects the tenant’s deposit in accordance with Schedule 10 of the Housing Act 2004. If he does not do so, or does not do so correctly, he could face financial penalties up to three times the value of the deposit and be unable to serve notice on the tenant requiring them to give back possession of the property.
In addition to the above, the landlord must provide the tenant with an Energy Performance Certificate and a Gas Safety Certificate. Any furniture and furnishings included within the tenancy must comply with the appropriate regulations and all electrical appliances and equipment must be tested and portable appliance test certificates obtained.
For more details or to arrange a meeting about a specific landlord/tenant or agreement issue call Emma Cook on 01264 721705 or email EmmaC@staging.talbotwalker.co.uk