Seven Reasons Why A Landlord Might End Up In Jail
Updated: Nov 11, 2018
Todays blog is titled seven reasons why a landlord might end up in jail. Sounds scary doesn’t it, but with all the legislation changing later this is a scary reality if you don’t know what you are doing.
So, I’m now going to run through seven things all landlords should know as a basic and if you would like any further clarification or help please don’t hesitate to contact me on 0333 772 0718.
Number one - Energy Performance Certificate
You must have one of these before you can rent your property out, it will look like this example.This certificate lasts for 10 years unless major works are carried out that will improve the property and you wish to get another certificate done. A copy must be given to the tenant and a record kept for 5 years that they have received this. If your property has a rating F or below you won’t be able to rent your property from 1st April 2018 - more details on this will be released in a few weeks so keep an eye on the blog.
Number two - Gas safety certificate
This must be renewed every 12 months. Make sure all gas appliances are listed within the body of the certificate and they are all showing as safe to use. A copy of the new certificate needs to be issued to the tenant within 28 days and again a record kept for 5 years of this being sent.
Number three - Smoke alarms
You must have a working smoke alarm of each liveable floor of the property, these alarms must be tested and working on the day the tenant moves in. A record needs to be kept for 5 years showing this was done.
Number four - Carbon monoxide alarms
You must have a working Carbon Monoxide alarm is each room that contain a solid fuel appliance, for example a log burning stove or an open fire.
Number five - Right to rent checks
Landlords are now responsible for checking that the tenant they rent a property to has a legal right to rent in the UK. If a check comes back saying they have a limited time or are under 18 these must be re-checked in the future.
Number six - Deposit
The deposit the tenant gives you must be put into a government approved scheme, this has to be done within 30 days of receipt of the money, not 30 days from the start of the tenancy. If you fall outside of this timescale you could face fines of up to three times the original deposit amount and you won’t be able to serve a section 21 to evict the tenant from the property. Not only must the deposit be registered, you must provide the tenants with prescribed forms informing them where the deposit is registered, how they get it back at the end of the tenancy and what deductions can be proposed from the deposit. If someone has paid the deposit on behalf of the tenants these forms must be given to the relevant person also.
Number seven - How to rent booklet
Yo must give the tenants a copy of the governments how to rent booklet, such as this one. This has to be issued to the tenant before the tenancy starts and again you need to keep a record of 5 years showing this has been done.
Hopefully these basic points will help you avoid a fine or time in jail. If you wish to discuss this further please contact me on 0333 772 0718 or www.principal-properties.co.uk.
Thank you for watching.