26
Jun 12

Buy to Let Checklist

So you have decided to let your property but what next? Here is a tick list of the things you should consider before your tenants move in (in no particular order):

-Make sure you have updated your insurance to take into account that your property is going to be let

-Get the required permission from your mortgage lender

-Obtain approval from the council's planning office (if you plan to make structural alterations to the property or change the property's use)

-Inform the council's Environmental Health Department if you plan on letting as a House in Multiple Occupation (HMO)

-Make sure all furniture and furnishings comply with the latest fire regulations

-Ensure that all gas appliances and equipment have been serviced by a CORGI-registered engineer and that safety records are kept in a safe place

-Make sure that all electrical wiring has been checked and safety approved by a qualified electrician

-Inform the Council Tax department and utility suppliers that the property will be let (relevant if you plan on being a non-resident of a self-contained property).

-Make sure an inventory is conducted on the property

-Prepare an Assured Short hold Tenancy Agreement (AST)

-Protect the tenants deposit with one of the government authorised tenancy deposit schemes

-Advertise your property – think about how your property will be advertised - for example, two bedrooms with a study, or three bedrooms

-Carry out a reference check on your potential tenants

Is there anything else you can think of?
 

About the author

 

View more posts by Total Landlord Insurance

Total Landlord Insurance is not responsible for the content of any external sites referenced in the comments below.

comments powered by Disqus