baby Posted June 19, 2011 Report Share Posted June 19, 2011 Hi everyone, I hope everyone is ok. I am a first time landlord and have a 3 bedroom terraced house to rent, Since I want to rent the house by myself rather by the agent, could you give me some advice on what I should do to be a real landlord. Cheer Link to comment Share on other sites More sharing options...
Antnkel Posted June 19, 2011 Report Share Posted June 19, 2011 You need to read up lots! A couple of things to start- If it was your home with a mortgage on it you'll need to get permission to rent. Sort out an ast agreement, inventory list Get your gas appliances certified Get a electrical cerification Get a epc Landlord insurance Link to comment Share on other sites More sharing options...
Melboy Posted June 20, 2011 Report Share Posted June 20, 2011 Nobody is born a landlord and if your successful or not is down to you so with that in mind go and purchase a good book to read up on first and take it from there. There is not a landlord in the UK who won't have made some mistakes along the way and you will be no different but you can avoid basic errors by having a bit of knowledge in what you are doing. I can recommend this book to you. "Successful Property Letting" by David Lawrenson ISBN 0-7160-3015-2 £9.99 Link to comment Share on other sites More sharing options...
Grampa Posted June 20, 2011 Report Share Posted June 20, 2011 If you have never rented before i would advise you to use a good agent for the initial set up on the understanding that you MAY want to manage at a later date. Then spend the next six months learning basic housing law and picking the brains of the agent. Just make sure the agent doesnt have extra fees for when you cut the ties. This way you will also have a good idea of what a good contract, inventory and ref checks should look like. So make sure you get copies of all paperwork, which you are entitled to. Link to comment Share on other sites More sharing options...
baby Posted June 20, 2011 Author Report Share Posted June 20, 2011 Thanks all of you. However, may I ask some stupid questions: what is anast agreement? What is a epc? What is the difference between landlord insurance and building&content insurance? Regards Link to comment Share on other sites More sharing options...
weenie Posted June 20, 2011 Report Share Posted June 20, 2011 Thanks all of you. However, may I ask some stupid questions: what is anast agreement? What is a epc? What is the difference between landlord insurance and building&content insurance? Regards An AST is an Assured Shorthold Tenancy, fixed for a minimum term of 6 months. An EPC is an Energy Performance Certificate, which is compulsory for all rental properties. The property is assessed by an EPC surveyor with regards to wastage of heat, eg loft insulation, cavity walls - your property is then graded and will also have info on how improvements can be made (if any). I only learnt about these from reading up on them, so as some of the others have already said, "go read up on it" :-) Link to comment Share on other sites More sharing options...
Grampa Posted June 21, 2011 Report Share Posted June 21, 2011 An AST can be for shorter than 6 months if you choose to. Link to comment Share on other sites More sharing options...
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