Being a landlord can be daunting, however if carried out correctly it can also be very rewarding. Boydens have been providing services to landlords in the local area for over 50 years and so we are well placed to help you fulfill your requirements as a landlord and most importantly enjoy it. We have put together some brief information on the key aspects of being a landlord. If you have any further queries or questions, please feel free to call in to your local office and speak to our professionally trained and friendly staff.
Boydens are required to retain tax at the basic rate (less deductibles) from the rent they collect on behalf of all overseas landlords. You may apply for exemption by contacting HMRC and completing the relevant NRL form. Please ensure that all forms submitted quote our reference number of NA010223 to ensure that we receive the required exemption notice permitting us to pay rent to you without any tax deductions. Further information on this and how to apply can be found here and here.
To ensure you get the best possible tenants it is worth considering how your property will be viewed. Now is the time to address any of those little DIY issues, such as lose curtain rails and non-closing kitchen cabinets.
Cleanliness is a key factor when preparing your property for let so if possible we would always recommend that the property be professionally cleaned throughout including carpets. By presenting the property to this level you are setting the standard in which you expect the property to be returned and are more likely to attract a caring tenant. We will be happy to arrange this on your behalf.
Under the Smoke & Carbon Monoxide Alarms (England) Regulations 2015, all landlords are required to ensure that there is a smoke detector fitted on each occupied floor and a carbon monoxide alarm in every room where there is a solid fuel burning appliance. We will be more than happy to arrange this for you.
The majority of properties are provided unfurnished, with the exception of white goods in the kitchen which most tenants expect. It is important to note that the landlord has a liability under The Furniture & Furnishings (Fire) (Safety) (Amendment) Regulations 1993 to ensure that all relevant furniture provided confirms to these regulations. Further advice can be found on this here.
Once the tenant has commenced the tenant will be liable for all costs associated with council tax and utilities, however as a landlord you will be liable for these costs during the vacant period.