Landlord Regulations & Obligations
PV Property Lettings believe in conducting all their business in a professional, efficient manner and there are certain legal obligations which our landlords must adhere to. We will be only too pleased to assist you with any queries you have relating to these and we can even arrange the safety certification for you.
Anyone who wishes to rent out their property must first register with their local authority to become a landlord. This is a system that has been put in place to ensure that all landlords meet the minimum standards required for letting property. Further information can be found at www.aberdeencity.gov.uk or www.landlordregistrationscotland.gov.uk
Mortgage Lenders Consent
Prior to leasing out your property you must inform your mortgage lender and receive written consent from them before proceeding.
As a landlord you must obtain Buildings and Contents Insurance specifically for a rented property as opposed to a standard residential policy. We can recommend the independent chartered insurance broker, Hazleton Mountford to find you relevant landlord insurance required for letting your property. Please visit www.hazeltonmountford.co.uk for full details.
Energy Performance Certificate
It is a legal requirement that all landlords have a current Energy Performance Certificate for their property prior to advertising (valid for 10 years). This has been designed to enable prospective tenants to see how energy efficient the property is. We can arrange this for you if required.
Gas Safety Certificate
If your property has a gas supply then by law you are required to have a gas safety certificate carried out on a yearly basis. We can arrange this for you if required.
Income gained from letting a property is usually taxable. It is the landlord’s liability to complete a “Self Assessment” tax return annually. Full details on the HM Revenue & Customs website www.hmrc.gov.uk
We highly recommend that our landlords have both an EICR (Electrical installation condition report) and PAT (Portable appliance testing) carried out to ensure the safety of the electrical systems and appliances in their property. We suggest EICR’s are undertaken every 3 -5 years dependent on electrician’s recommendation, and PAT done yearly or at each tenant changeover (whichever comes first). By having these done the landlord can limit their risk of legal prosecution. We can arrange these for you if required.
Health and safety legislation now states that landlords must carry out risk assessments for the Legionella bacteria which cause Legionnaires’ Disease and thereafter maintain control measures to minimise the risk. We can carry out this for you if required.
For our overseas landlords we will require you to complete an NRL1 form. For further information on this please contact www.hmrc.gov.uk
View your account online
As one of our landlords you can log on to your account 24/7. This enables you to view your rental statement and all other documentation relating to the letting of your property.