As average house prices in the UK continue to increase and more and more people get trapped in the rental market, it seems as though ‘Generation Rent’ is here to stay.
As a result, demand for rental properties has also grown making a great time to generate some extra income as a buy-to-let landlord.
If you are considering becoming a landlord for the first time then it’s a good idea to familiarise yourself with the world of conveyancing first .
Here are our top tips on what you need to consider when you are renting out a property for the first time.
Ask a lawyer
Conveyancers can help landlords in a number of different ways, but the first time you will encounter a property lawyer will usually be when you’ve found the perfect property to let. At Peter Robinson & Co. it’s our job to oversee the process to ensure you get tenants moved in as soon as possible.
This is just the beginning of your journey as a landlord, and you may find that you encounter a few bumps in the road along the way. Should any problems arise with tenants or the legal process then Peter Robinson & Co. will be on hand to offer legal support and advice.
Experienced property lawyers will generally able to resolve landlord-tenant disputes quickly and efficiently.
For example, you may have to consider evicting a tenant during your time as a landlord but are unsure how to go about it. If the correct procedures are not followed then you may find you are attempting to evict a tenant with an ineffective notice, or simply facing unwanted and costly delays.
We can also offer advice regarding the recovery of overdue rental payments, day-to-day management issues and disputes with your tenant.
If you are a first-time landlord then we may able to help you avoid common pitfalls, protect your property and keep you out of court.
Understand your rights
When renting out a property for the first time it’s essential that you know your rights as a landlord and have the proper legal protections in place. We can provide you with information on everything from your legal obligations to the documentation you’ll need to liaise with your tenant.
You may also want guidance when drafting documentation to ensure that all relevant paperwork complies with the law. Examples of documentation that you may need assistance with could include:
- Agreement for Lease
- Consents to assign Lease
- Rent Deposit Deeds
- License to Change Use
- Consents to Alter the Property
- Deeds Variations
- Rent review Memorandum
- Landlord Tenants 1954 Act Notices
- Deeds of Surrender
- Notice to Quit
Get the best conveyancer
At Peter Robinson & Co, we have 30 years experience of dealing with Professional Landlords and can help anyone looking to purchase a buy-to-let property. You can trust our friendly, qualified staff to provide a professional conveyancing service and to be continually aware of our client’s individual requirements in these challenging times.
Call us now on 0161 678 7996