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Landlords Responsibilities

As a landlord renting out a private residential property you have many responsibilities both to the tenant, a managing agent (if using one) and the government:

  • You must keep your property safe and free from health hazards
  • Ensure all gas and electrical equipment you supply is safely installed and maintained following fire safety regulations.
  • Provide an Energy Performance Certificate for the property
  • Protect your tenant’s deposit in a government-approved scheme. If the deposit is not registered the tenant can sue for a sum equivalent to 4 times the deposit. Notice of where it is registered has to be served on the tenant(s) and whoever paid the deposit in the first place.
  • Conduct checks to establish that new tenants have the right to rent in the UK, according to the Immigration Act 2014. Failure to comply could result in a civil penalty up to a maximum £3000
  • You’ll have to pay Income Tax on your rental income, minus your day-to-day running expenses.
  • If you have a mortgage on the property you want to rent out, you must get permission from your mortgage lender.

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