The Ps and Qs of being a Landlord

Sara

It is not just enough to own a rental –property. It is important that the cash keeps on flowing in. this means that you have to be a good landlord and there are various ways of doing this.

ALWAYS PUT SAFETY FIRST

As a landlord, you have a legal obligation to ensure your property meets safety standards. Gas and electrical equipment must be installed and checked annually by a registered engineer.

Make sure there are fire alarms and carbon monoxide alarms fitted. Check them regularly and replace batteries if necessary. And keep records.

DRAW UP A FAIR TENANCY AGREEMENT

Be clear on where the responsibilities lie for the upkeep of the property. FULL ARTICLE