Legacy Investments
Your Lifelong Partner in Property Investment
(44) 07584 953684
3 Northenden Road, Sale, M33 2DH
Manchester, United Kingdom
Landlord Guide
If you are thinking of becoming a landlord, or have already had experience with letting, this guide will help you understand some of the processes and obligations involved.
Preparing to let
Consents and notifications
You will need to start by notifying your mortgage provider and leaseholder (if applicable) to obtain consent to let. Insurance providers also need to be notified to change the level of cover provided.
Energy Performance Certificate (EPC)
Make sure you have an EPC for a property before you rent. From 1st April 2018, a property must have a minimum rating of E on its EPC or it will be unlawful to rent. Any property which breaches this requirement could be given a penalty of up to £4,000.
Safety certification
Obtain safety certificates for gas, electrical, oil and solid fuel, appliances and heating systems.
Maintenance checks
Carry out all necessary repairs and ensure anything potentially dangerous is removed.
Furnishing
Decide what furniture and fittings you are leaving: we don't advise leaving bedding, televisions DVD players and anything of personal value. Ensure all furnishings to be left comply with fire regulations.
Clean & Tidy
Ensure the property is cleaned to the standard you would expect if you were moving in. Get the garden neat and tidy. If a property looks like it is well maintained the tenant is more likely to look after it during th tenancy.
Finding and Managing a Tenant
Management level
Think about you options for finding and managing a tenant. Legacy Investments offers a range of services which you can find out about here. Whoever you choose should offer access to an approved scheme for holding tenants’ deposits for the duration of a tenancy.
New occupant notifications
It is your responsibility to inform all the utilities companies, including the telephone line supplier, of change of occupancy. It will help if you have recorded the last set of meter readings. It’s also worth arranging redirection of your mail via the post office.
Landlords who live abroad
Tax implications differ for landlords who are non-UK residents. You must apply tot he Inland Revenue for non-Resident Landlord status. Our letting consultants can advise you about being a non-Resident Landlord and you can find more details in our Overseas Landlord section. Our GOLD management service plan will help to ensure it is hassle-free for you.
