Landlords…Did you know?

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Tenants can report your property if it is below standard

Landlords have a legal duty under Section 11 of the Landlord and Tenant Act 1985 to ensure that the property is maintained in a habitable condition (unless any failure in this is caused by the tenant). In the event of eg no running water/electricity or there is excessive damp in the property that has not been repaired within a reasonable timeframe, then the tenant has the right to withhold rent until any works have been completed.

 

Tenants must keep a rented property in a ‘tenant-like manner’

Landlords are not expected to repair or maintain items that a tenant has broken through negligence or misuse. Tenants are expected to look after their rented property and carry out small jobs around the property.

 

Deposits must be placed in a Tenancy Deposit Scheme

Failure to lodge any deposit in a government registered Tenancy Deposit Scheme (TDS) within 30 working days of a tenancy commencing or the deposit being received is a criminal offence, with fines up to three times the amount of the deposit. Additionally, not lodging deposits through a recognised scheme also invalidates any Section 21 Notice (eviction notice) which the landlord may wish to serve.

 

Beware accidental tax evasion

If you receive an income from a property, you must declare this on an annual tax return, even if you would not otherwise be required to complete a tax return.

 

Right to Rent

Landlords must check that any occupiers have the right to rent, by them providing acceptable documentation to prove that they have the right to reside in this country. Failure to comply could mean a penalty of up to £3,000.00 per adult occupier.

 

For free expert advice on regulations that might affect you, please feel free to call us today on 01242 257333 or 01452 597994

 

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George Tatham-Losh

Since forming the business in 2009, our founder, George Tatham-Losh, has become highly regarded as the local go to expert for advice on maximising property values and getting the most out of property investments, regularly speaking at events and holding well attended seminars. Born and raised in Cheltenham, George knows the town and County like no other and knows what works in the area. Alongside George is a specialist team of agents with a wealth of experience to help you sell, buy, let or rent property in Gloucestershire.

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