Landlord's FAQ's
Landlord's FAQ's
Q. What happens about insurance when I let out property?
ANSWER:
It is usually the landlord’s responsibility to insure the property and it is good practice to keep it this way so that you are sure that the property is properly insured for the full value. It is essential to tell the insurance company that the property is to be let out. If this is not done, the insurer may be able to avoid paying up if there is a claim. You should also make sure that the insurer is told when the property is empty. The general rule is that everything material to the risk which the insurer is asked to assume is disclosed to the insurer. If this is not done the insurer can refuse to pay claims.
Q. Can I enter the property to inspect the state of repair and how the tenant is looking after it?
ANSWER:
This will depend on the terms of any tenancy agreement. Most written tenancy agreements allow the landlord to inspect on giving reasonable notice. Reasonable notice is usually no less than 24 hours and often requires the landlord to give the tenant notice in writing. What would not be acceptable is simply turning up and letting yourself in, as this could be a breach of the tenant’s rights of quiet enjoyment.
Q. I want to rent out a house which I own but I have a mortgage on the property. Do I have to tell the lender?
ANSWER:
It is always good practice to tell your lender if you intend to let out the property. Most mortgages have a prohibition on letting without the approval of the lender.
Q. Do I need to have an energy performance certificate (EPC) to let a property?
ANSWER:
Yes, by law you need an EPC before you can even let a prospective tenant view your property. If you have a tenant, who moved in before October 2008, you don't need an EPC unless the AST is renewed or you get new tenants.
Q. I am considering letting my property and have the EPC from the previous owner, is this still valid for me to use when letting?
ANSWER:
The EPC is valid for ten years so you can use the EPC from the previous owner unless ten years have elapsed then you'll have to get a new one.
