Letting property

Letting a property

It is important to understand your legal obligations and rights before you let your property. Failing to do so could result in complications further down the line.

Whether you are an experienced landlord or letting a property for the first time, considerations include:

Legal requirements

We can advise on the legal requirements that must be in place before you are able to let the property out, from the position on gas and electrics, to environmental issues and houses of multiple occupation.

Energy performance certificates

Unless the property is listed, it will need an energy performance certificate (EPC) before it can be let out. We can supply local contractor’s details to arrange for this to be carried out. If you have bought recently and no energy saving measures have been installed, the EPC supplied to you on your purchase will be sufficient.

Tenancy agreements

Your letting agent may well advise you to use their standard Tenancy Agreements, however Pengillys takes each tenancy on a case-by-case basis. We will tailor a bespoke agreement for you that is compliant and provides you with the best protection as a landlord.

Deposit protection

Once the Agreement is signed and the tenants are in occupation you will need to protect the deposit with the Deposit Protection Service (DPS) (or an alternative government backed scheme), and Pengillys are noted with the DPS as agents, protecting hundreds of deposits each year. We can therefore provide assurances that your liability as a landlord is minimised. The fines for non-protection of deposits are severe and can lead to problems when it comes to ending the tenancy.

Notices

Pengillys can then assist in providing notices to tenants when it comes to the end of the tenancy, or any periodic tenancy thereafter. It is crucial to ensure that these notices are correct, as failing to do so may result in continued occupation and possession by the tenant.

It is possible to let your property on a longer term, but this would likely to be in the form of a lease, which will require more in depth provisions to be considered to ensure you are fully protected.

Please contact us to find out how we can help.

 


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