Renting your Property as a Landlord
At Ashworth Law, our property lawyers can help you if you have properties to let, or are thinking of renting your home.
Renting your home or other property may seem like an easy source of income, but becoming a Landord comes with legal responsibilities – it’s important to make sure you do not leave yourself open to litigation for failing in these resppnsibilities.
Before you allow anyone to occupy your property, it is vital that a tenancy agreement is put in place to protect you as the Landlord, and also your tenant. We can advise on the terms and conditions of such an agreement, and draft a clear and concise document for you.
Tenancy agreements form the contract between your tenant and you as the Landlord. They sets out your legal rights and responsibilities in a way that is enforceable by law. These agreements make sure that if you have any dispute regarding the rental, the matter is not simply ‘your word against theirs’. Instead, both parties can refer to the written agreement and know exactly what has been agreed.
The perfect time to contact our experts is as soon as you think about renting your property. We can advise on the terms and conditions you should offer any potential tenant and make sure you have considered the legal requirements of renting a property.
Our experts can also guide you through the specific rules that have been introduced regarding any deposits paid by your tenants, providing you with details of the Tenancy Deposit Schemes if required.
Our advice does not stop there – we can help you with the tax implications of renting properties, explain the requirements you may have to complete with your mortgage lender if you have one, and also explain how we can help in the unfortunate event that your tenant does not meet their financial obligations to you in regard of rental payments.