Renting out residential property

When you rent out property make sure you comply with any laws and regulations. It's important to give tenants a tenancy agreement which will set out any terms such as rent payments, duration and obligations. Use a Tenancy agreement for a house to rent out your house or a Tenancy agreement for a flat to rent your your flat.

Choosing the right tenant goes a long way towards making your life easier. Making an Inventory and using the relevant tenancy agreement will help to establish terms from the outset. Ensure that deposits are dealt with correctly and placed in an authorised government deposit scheme, make sure arrangements are made in advance for rent payments and provide an energy performance certificate and gas safety certificate. Also consider your obligations as a landlord with regards to safety, particularly when it comes to houses in multiple occupation (HMO).