Thursday, October 2, 2014

Responsibilities in Letting Properties

The Landlord

Letting property comes with a lot of responsibility. An owner should make sure that all utilities such as water, electric, and gas follow safety standards.

Repairs for these are also shouldered by the landlord including the roof, chimney, walls guttering and drains. Security deposits do not go to a private bank account, but should be deposited onto a government approved deposit protection scheme. Rent ask should follow regulation, and collections are the responsibility of the landlord.

Privacy should also be respected. Owners are not entitled to come as they please. They have the responsibility to notify tenants for visits. Even with repairs, they have to make sure that tenants can live in the house without interference.


The Tenant

The law has strict estate guidelines for landlords to follow, which means tenants get to live in a comfy space.

This entails having the right to know who the owner is, and see the emergency performance certificate on the property.

 Excessively high charges are allowed to be challenged. And if there’s a tenancy agreement; it should comply with the law.

Posh privileges also bind the tenant with a few responsibilities. One must take good care of the property; compensate for repairs when the tenant causes damage. Paying the rent on time is very important to avoid disputes. And subletting the property depends on the contract or if the landlord would allow it; if you require it, going through the proper channels is a must.

Property Manager

People move in and out of residences all the time. And every time this happens tenants and landlords don’t really have a blast. Issues like rent, and security deposits can get complicated. Avoiding it is possible through the help of a third party. A property management firm such as Finlay Brewer serves as a guardian for both parties when it comes to collections, insurance, and many more. So, getting a third party involved is simply a no-brainer.

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