Landlord FAQs – if you have any further questions, please don’t hesitate to contact us.
Why let your property?
By letting your property, you obtain a regular income, whilst retaining your capital investment PLUS any increase in capital value – something that has proved to be considerable in the last few years.
A Deposit is taken for the following purposes:
Any damage, or compensation for damage, to the Property its fixtures and fittings or for missing items for which the tenant may be liable, subject to an apportionment or allowance for fair wear and tear, the age and condition of each and any such item at the commencement of the tenancy, insured risks and repairs that are the responsibility of the Landlord.
The reasonable costs incurred in compensating the Landlord for, or for rectif’ing or remedying any major breach by the Tenant of the Tenant’s obligations under the tenancy agreement, including those relating to the cleaning of the Property, its fixtures and fittings.
Any unpaid accounts for utilities or water charges or environmental services or other similar services or Council Tax incurred at the Property for which the Tenant is liable.
Any rent or other money due or payable by the tenant under the tenancy agreement of which the Tenant has been made aware and which remains unpaid after the end of the tenancy.
Most modern residential tenancies are assured short hold tenancies commonly known as ‘ASTs’.
Certain tenancies cannot be AST’s, and these include a letting to a company, and a holiday letting. The rules for these tenancies are different.
We can arrange lettings to companies, but holiday lettings are mostly managed by specialist companies, and this is something that we do not offer at present.
AST’s are usually for a minimum period of 6 months although landlords will sometimes let for shorter or longer periods.
Older tenancies, mostly created before 1980, are known as regulated tenancies, and special rules still apply to them. We will be pleased to advise you on the implications of tenancies in individual cases.
There are also other types of tenancy, such as housing provided to employees, upon which you should be advised by a solicitor. Click here for a local legal advice.