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New Landlords - What Many New Landlords Don't Know...?

Paperwork is your best friend - Sally Lawson of Concentric Lettings comments

The problem with paperwork is that we never really look at it until it's needed, and then it's too late...

If you have to go to court to gain possession of a property, you will need to make sure that you have everything in place before you start proceedings, and if you haven't, then you have a problem. So start as you mean to go on to ensure you know all the paperwork that you need and have a routine or checklist to make sure you have it all, right from the start.

Your letting file should include: the tenancy agreement, the prescribed information, the inventory, gas certificate, any other safety check reports, deposit registration certificate, and if you are seeking possession any relevant notices, along with any proof of service.

From October 1st however, you will also need, proof of the tenant receiving the following: a gas certificate, an EPC, proof of smoke alarms being tested on the first day of the tenancy and confirmation that the DCLGs 'How To Rent' guide has been given to the tenant too. www.gov.uk/government/uploads/system/uploads/attachment_data/file/429420/HowToRent210515-digitalprint_May_2015.pdf

Shopping around for quotes can cost you money
In the midst of winter, you receive a call from your tenant that the boiler has broken down and your first reaction is to get a few quotes.... however, this attempt to save money is all too often the main reason tenants move out - the landlord's slow reaction to maintenance.

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