The aim of this short book is to provide a concise but informative guide to the things you’ll need to know and understand; finding a property, Buy to Let mortgages, tenancy agreements, deposit schemes, dealing with problem tenants and more. You’ll find it all in this guide, plus helpful hints and tips relating to many different aspects of buying a property and letting it out.
A Landlord’s Guide to Letting consists of a number of guides and articles that I originally wrote at the end of 2011 for publication online. Part One is intended as an overall guide and summary of the main things you need to know about letting a property in England and Wales, while Part Two comprises a series of individual articles on a variety of letting-related topics. There may be some elements of overlap between the two parts of the book, but you can be assured that all the information contained in this publication will help make your time as a landlord easier and more rewarding.
Subjects covered include:
1. Buy to Let mortgages — considering the costs
2. Understanding your responsibilities and rights as a landlord
3. Paying tax on your rental income
4. Keeping financial records
5. Using a letting agent
6. Get your property ready to let
7. Tenancy deposit protection schemes
8. Dealing with problem tenants
9. A quick guide to letting for new landlords
10. Top tips for buying a property at auction
11. Property auctions — arranging finance
12. Understanding tenancy agreements
13. Preparing a property inventory
14. The National Landlords Association
15. The Residential Landlords Association
16. Choosing a letting agent
17. Money protection schemes — ARLA
18. Money protection schemes — SAFEagent
19. Tenant referencing and credit checks
20. What is Tenancy Deposit Protection?
21. The three deposit schemes in England and Wales
22. Failing to protect a tenancy deposit
23. Dealing with damp, condensation and mould
24. Landlord’s right of access to a rental property
25. Fair wear and tear
26. Who pays for putting damage right?
27. Damage by tenants — points to prove
28. ADR — Alternative Dispute Resolution
29. Dealing with property tenants leave behind
30. The Financial Ombudsman Service