Legal requirements for landlords in the United Kingdom
As a landlord you have a duty of care to your tenants. They are paying you rent and living in your property, and as such, you need to ensure that the property is safe and habitable.
In the United Kingdom there is a range of legal requirements that landlords must abide by that serve to support this duty of care. Knowing these legal requirements will ensure that you not only protect yourself, but that you will also keep your tenants safe. This is far more important.
Most of the legal requirements for landlords relate to ensuring that the property is safe. The most important of these include:
There are two options when it comes to the Tenancy Deposit Scheme. These are as follows:
Both are Government backed and, if there is a dispute, a third party holds the funds until the dispute is sorted. This is fairer for the tenant and makes sure that landlords don’t take all of a bond without reason. As a landlord it is worth nothing that you may be unable to access money quickly to fix a property once a tenant moves out. However, this is the law so you need to comply. Check with your property manager to see what option matches best with your needs.
This is a legal agreement that serves to protect both the landlord and the tenant. It covers details of how much rent will be paid and by when, what is included in the property, and how the property must be maintained. There are a range of tenancy options and you need to choose one that suits your needs.
Click here to learn more about tenancy agreement options.
In summary, the major legal issues and requirements above need to be considered and adhered to by a landlord.
It pays to check with your property manager or solicitor to ensure that you meet all of your legal requirements. If you don’t, and an issue arises, you stand to pay large fines and face possible jail time.
As a landlord you need to know your legal requirements and do the right thing.