Advice for private landlords
Renting out a property can be a great investment for your future but for some it can be a confusing process. We've brought together information from various sources to help you along the journey to renting out your property in a legal, safe and straight forward way.
Here are some tips if you are new to renting out property:
- Learn as much about property management as you can before you start and keep yourself informed of changes in the sector;
- Ensure your property is safe and meets current housing standards;
- If the property will be shared by a number of people or households, find out whether you will need a licence for a House in Multiple Occupation (HMO);
- Speak to your mortgage lender - you may not be allowed to rent out your property without their permission;
- Obtain references for your prospective tenants;
- Draw up a proper tenancy agreement;
- Check the Right to Rent status of all adults who will be living in the property (effective for new tenancies from 1st February 2016)
- Protect the deposit properly;
- Draw up an inventory of all the contents of the property;
- Check your insurance policy;
- Obtain an Energy Performance Certificate.
To keep updated on developments and changes in legislation affecting private landlords, see the 'Landlords' Forum and newsletter' below
You can find information on the rights and responsibilities of landlords below:
In addition, further information is available on the GOV.UK website - see useful links
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