Letting your property
What makes Smeaton Homes the right choice for landlords?
Our guides
Useful information whether you’re a landlord or thinking about letting a propety
Frequently asked questions
As a landlord, do I need to tell my mortgage lender, and what insurances do I need?
Yes, you will need to get permission from your mortgage lender before you can rent out your property and there may be some special conditions given. You will need landlord insurance for the property and we recommend all landlords have rent guarantee insurance to protect yourself against loss of rent.
Can I charge more if a tenant has a pet?
Since the tenant fee ban came into force in 2019, landlords and agents are no longer able to charge more than 5 weeks’ worth of rent for a deposit. If you are going to allow tenants to have a pet, you can charge
a higher rent but we feel this must be a fair and reasonable amount.
What certificates does my property need?
A Gas Safety Record (GSR) is needed when there is a gas supply in a property. All gas appliances, pipes and flues will be checked. These need to be completed every 12 months.
An Electrical Installation Condition Report (EICR) needs to be competed every 5 years. You will also need an Energy Performance Certificate (EPC) before marketing for let or for sale, and this lasts for 5 years. The energy rating must be a minimum E rating in order to rent it.
Portable appliance testing (PAT) must be carried out on each portable appliance.
Why should I use a managing agent and how do I know which one to choose?
Choosing to have a managing agent allows you to relax and enjoy the benefits of your investment. It will also create a professional distance between you and the tenancy and means you will avoid dealing with the bad parts, such as rent arrears and deposit disputes. You should choose the agent you feel most comfortable with. They should have good local knowledge and experience is important. Ask for recommendations and check recent reviews on Google and Facebook.
Why should I have an inventory?
An inventory is a very detailed list of contents and a guide to the condition of a property. We highly recommend that each tenancy starts with an inventory as it is essential if you are looking to make any claims from the deposit at the end of the tenancy. You may feel that you do not need one if the property is unfurnished but it also includes features which are integral to the property, such as doors, walls, floors, windows, kitchen units, bathroom sanitaryware and gardens.
What references do I need to do on my tenants?
As an agent, we always complete credit checks, income references and previous landlord references on every applicant over the age of 18. We also complete income and credit checks on guarantors if applicable. If you are planning on having rent guarantee insurance, your tenants must pass referencing or have a guarantor that passes referencing. A Right to Rent check also needs to be completed on tenants. This is a scheme which helps to make sure that tenants have the legal right to be here – these checks came into force in February 2016.