Whether you have a property which you wish to let out for a short period of time while you live elsewhere or you have a portfolio of properties to let, solicitors are qualified to act in your best interests and to look after your affairs.
Properties should be let on the terms of the Assured Shorthold Tenancy which covers the basic essentials to protect the landlord and the tenant and to ensure that the relationship is as clear and trouble free as possible. Assured Shorthold Tenancies have to be entered into for a minimum of 6 months so both parties will need to be confident in the other. The terms of the agreement must be clear and helpful to both sides. The landlord’s obligations include ensuring the property is properly insured, that it is safe for residential occupation and that all statutory and regulatory requirements are met. The landlord will also need to ensure that the tenant’s deposit is held in accordance with the Tenancy Deposit Scheme requirements. It is also sensible to ensure that proper checks on the tenant have been carried out to make sure that the tenant is good and to avoid difficulties later.
We are able to help prepare and draft tenancy agreements and advise on any aspect of letting a property to a tenant, ensuring the deposit is secure and accounting to landlords for rent receipts and accounts.
We also assist with the day to day management of the tenancy and the property, including entry and exit checks and inventories, regular inspections and reports and dealing with maintenance and repair issues as they arise.
In the unfortunate event that matters do not go quite to plan, we can advise and assist on the non-contentious aspects of enforcing the tenancy agreement, accounting for the deposit deductions, making recommendations on action to be taken to recover possession and dealing with maintenance and dilapidation.
We recommend the Law Society’s guides to renting out property.