As a landlord in Tyne and Wear, you have responsibilities.
Lots of them.
You also need to have the memory of a very observant elephant when it comes to remembering all the laws, rules, and regulations that accompany renting out property.
Here’s a small section of a big list you need to get your head around:
- Energy Performance Certificate
- Right to Rent
- Deposit Handling Requirements
- Gas Safety Checks
- Fire Safety Measures
- Electrical Installation Condition Report
- The Deregulation Act
- The Tenant Fee Ban
- Furniture and Furnishings Fire Regulations
- Legionnaires’ Disease
- A Landlord Licence
- Eviction Law
- Electrical Safety Standards in the Private Rented Sector
We could go on and on and on.
At the start of 2021, we were approaching almost 200 pieces of increasingly complex legislation that affects landlords and their rental property.
It can be a minefield for landlords who try to manage their properties themselves or who use sub-standard letting agents.
Ignore these rules at your peril. Punishments for cutting corners can include hefty fines and, in worst-case scenarios, jail sentences. That’s not to mention the financial pressure and emotional stress.
When it comes to letting out your property, the DIY approach can leave you seriously exposed to the above threats unless you have the time and inclination to read up on all the regulations AND act on them.
Help is at Hand
If all that paints a gloomy picture, we apologise, BUT the good news is there’s a relatively simple way of protecting you, your asset, and your tenants.
We’ll do all the work for you. And we’ll do it with a smile on our face because we love what we do.
A key promise of ours to our landlords is that we’ll make their lives easier.
And guiding people through the regulatory and legal maze is something we’ve been doing since 1998.
Whether you’re a first-time or accidental landlord or a seasoned property investor, it always makes sense to know exactly where you stand when it comes to rental law.
Many landlords, especially new ones, find it useful to book a call in with us to do a Rental Property Review.
This is usually a chat over the phone where you tell us about your property, your goals, and your problems.
We won’t try to sell you anything or pressure you into something – we want to help and ensure you and your property are protected.
Give us a call on 0191 240 1818.