New landlord advice needed

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    New landlord advice needed

    Hello,
    I am just about to let my 3 bedroom mid terraced house out. I have had a gas safety cert done and will shortly get the electrics checked.

    2 questions:-
    1. do i need to do anthing else legally?
    2. Am i allowed to rent the property to a family of 6 (2 adult, 4 kids), they want to convert one of the reception rooms into a bedroom downstairs?

    Thanks,

    Roy

    #2
    Roy, there are at least 3 posts within the last few days from newby landlords who don't really know what they're doing.

    It's a very dangerous minefield! The only advice I can give is get somebody to act on your behalf who does know what's what.
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

    Comment


      #3
      Originally posted by jaguarroy View Post
      do i need to do anthing else legally?
      Here's a good guide from Shelter.

      http://england.shelter.org.uk/get_ad...ing_a_landlord

      Comment


        #4
        Advice for New Landlords

        You might find this useful:

        20 Steps to Successful Landlording - LandlordZONE Article

        http://www.landlordzone.co.uk/succes...andlording.htm

        Comment


          #5
          Many thanks for the replies.
          I have had a good look round and cannot see whether I will need any sort of permission tolet the house to a family of 6?
          Any thoughts??


          Rgds,


          Roy

          Comment


            #6
            Originally posted by jaguarroy View Post
            the house to a family of 6?
            Any thoughts??
            Ask yourself.

            If two lived in your house, how much would the rent be.

            If 6 people lived in your house, how much will the rent be.
            The wear on your nice house is going to be financialy prohibitve, as fair wear and tear of 6 people over 3 years would cost you dearly.

            I would draw the line at 4, and not allow your house be converted into a 4 bedroom house, as the wear and tear and future problems sound inevitable.

            Comment


              #7
              Remember you will need the gas safely cert to be done once every year.

              Make sure the tenants sign a rental agreement (AST)- I would advise that you ask them to sign it for 6 months as opposed to a year initially, then you can always renew it. It will be much easier to get them out of the property if necessary if you do it this way, otherwise you may be stuck with them for a year!

              As the tenants are one family, you do not need any permission (it would be different if they were not one family) for them to rent the property or to use the downstairs room as a bedroom.

              Remember you will be responsible for maintaining the property- for example, if the boiler blows up- so make sure you have a reserve of money for emergencies!

              Remember that you MUST by law protect their deposit with one of the deposit protection schemes.

              Thats all I can think of for now!

              Regards, Bry

              Comment


                #8
                Also don't forget the Energy Performance Certificate. Eco warriors and hippies love 'em ( ), but unfortunately they're a legal requirement so make sure you have one.

                Comment


                  #9
                  Guys & gals,
                  Many thanks for the replies. What is AST?

                  Rgds,

                  Roy

                  Comment


                    #10
                    Assured Shorthold Tenancy. It's the type of tenancy that the tenants will have (assuming the rent is less than £25,000 per year).

                    There is a simple version of an AST agreement here: http://www.tenantdocs.co.uk/RlaAst2004Free.pdf

                    Edit: hope I am allowed to post a link?!

                    Comment


                      #11
                      Originally posted by jaguarroy View Post
                      Guys & gals,
                      What is AST? Roy
                      That is worrying - not to know the answer to this question shows a total lack of knowledge - you need to seriously consider using an agent - at least for your first letting - until you can get up to speed on your responsibilities as a landlord.
                      Mrs Jones
                      I am not an expert - my posts are my opinion and should not be taken as fact!!

                      Comment


                        #12
                        Does the room downstairs that is going to be converted into a bedroom have a gas fire or boiler? I don't think that the property would pass a gas ceck if there is a gas fuelled appliance in a bedroom.

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