Ensure your property is rent-ready

Depending on your property's location and type, you might need a landlord licence. Check with your local council to see if this applies to you.

Then, check that your property complies with all safety laws. This includes carrying out gas and electrical safety checks and installing smoke alarms and carbon monoxide detectors. Next, get an Energy Performance Certificate (EPC). This shows how energy-efficient the property is, and your property needs one to be rented out. You must also provide tenants with a copy when they move in. Lastly, make sure the house is in good shape. Repair anything broken and keep the property well-maintained to make it appealing to potential tenants.

Understand your legal obligations

As a landlord, you must comply with several legal obligations. First, perform Right to Rent checks to ensure your tenants have the legal right to live in the UK. Next, any tenant deposit must be placed in a government-approved Tenancy Deposit Protection (TDP) scheme, and you must give the tenant the prescribed information about where their deposit is held.

Set the rent amount and prepare the tenancy agreement

Setting the right level of rent for your property requires some research. Look at similar properties in your area to determine a competitive price. Once you've decided on the rent, prepare a tenancy agreement. This legally binding document outlines the terms of the tenancy, including rent amount, deposit, and both parties' responsibilities. There are different types of tenancy agreements in the UK, so choose the one that best suits your situation.

Screening and selecting tenants

After marketing your property, you'll receive applications from potential tenants. It's important to screen these applicants to find a reliable tenant, alongside the Right to Rent checks you must carry out. Collect information such as employment history and previous landlord references, and perform credit checks. This information can help you assess their reliability and financial stability. Choosing the right tenant reduces the risk of future issues, such as late rent payments or property damage.

Move-in process

Once you've selected a tenant, prepare for their move-in. Conduct a detailed inventory report by documenting the property's condition and any furnishings included. This report is essential for both parties to agree on the property's state at the start of the tenancy. Collect the first month's rent and the security deposit, ensuring the deposit is protected in a Tenancy Deposit Protection scheme. Finally, conduct an initial inspection with the tenant to confirm the inventory report's accuracy.

Throughout the tenancy, maintain open communication with your tenant. Respond promptly to maintenance requests and repair issues to keep the property in good condition. Regular inspections, with proper notice to the tenant, can help you monitor the property's condition. However, you must respect your tenant's privacy and rights during their tenancy - you should not enter without giving your tenant reasonable notice under any circumstances.

Renewals and end of tenancy

As the end of the tenancy agreement approaches, decide whether you wish to renew the agreement with the current tenant or end the tenancy. If you want to renew, discuss any changes to the terms, such as rent adjustments, and update the tenancy agreement accordingly. At the end of tenancy, conduct a final inspection against the initial inventory report. This process helps determine if any damage requires repair, for which costs may be deducted from the security deposit. Once everything is settled, return the deposit to the tenant according to the regulations of the Tenancy Deposit Protection scheme.

Renting out your property effectively requires careful planning and management. By following this checklist, you're on the right path to a smoother rental process, and AST Assistance is here to support you at every step. From advice on your obligations as a landlord, to help with tenancy agreements and eviction processes, our services are designed to make your role as a landlord less stressful and more rewarding. Let us assist you to ensure you and your property are well-protected - call our team on 01706 619954 or fill out our contact form.