Letting Your Property by Mark Fairweather, Rosy Border

By Mark Fairweather, Rosy Border

While you're deliberating renting out a home or flat, this ebook provide you with every thing you must turn into a winning landlord. It advises you approximately your felony duties, approximately opting for and vetting a tenant and in regards to the tenancy contract itself.

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SOME IMPORTANT CONSIDERATIONS 31 We cannot advise you to deceive your mortgage lender or breach the terms of the mortgage, but you might want to think carefully before telling them your plans. Unlike your insurers, they may not really need to know, and your honesty may cost you dear (see above). This is something you must decide for yourself. Leasehold property Almost all flats and some houses are leasehold, which means that you own the lease but pay ground rent to the owner of the site on which the property stands.

21 4 Is your property habitable? As landlord of a residential property, you have a statutory duty, which the local housing authority can enforce, to provide your tenant with accommodation which is habitable. This means the property must: m m m m m m m m m be structurally stable; be free from serious disrepair; be free from dampness prejudicial to the occupant’s health; have adequate provision for lighting, heating and ventilation; have an adequate supply of clean water; have satisfactory cooking and food preparation facilities, including a sink with hot and cold water; have a suitably located lavatory for the tenant’s exclusive use; have a suitably located fixed bath or shower and wash hand basin with hot and cold water for the tenant’s exclusive use; have an effective drainage system.

This means the property must: m m m m m m m m m be structurally stable; be free from serious disrepair; be free from dampness prejudicial to the occupant’s health; have adequate provision for lighting, heating and ventilation; have an adequate supply of clean water; have satisfactory cooking and food preparation facilities, including a sink with hot and cold water; have a suitably located lavatory for the tenant’s exclusive use; have a suitably located fixed bath or shower and wash hand basin with hot and cold water for the tenant’s exclusive use; have an effective drainage system.

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