Tag Archives: Property Management in Soho

5 Responsibilities that Landlords shouldn’t ignore!

Renting out a property is not a smooth process, as landlords are responsible for the property and tenants living there. There is a landlord-tenant law that clearly specifies the terms and conditions of a rental property. So, the homeowners should research these before letting out their property. Do you know that rental properties require a lot more attention and maintenance? As you are going to make money from renting out the property, you’ll need to put more effort into making sure everything is working and up to date with safety regulations. In the article we are going to talk about the duties that every landlord should be aware of:

Seek Expert’s help for Tenants

Landlords are advised to screen tenants with the help of experts. Don’t just go with the first tenant that applies as you don’t know what sort of tenant they’ll be. You may come across multiple issues such as late payment, misuse of the property, and other things. There is a detailed procedure of acquiring tenants that can prove helpful in this matter. So, it would work in your favour if you seek an expert’s help when screening tenants.

 Keep the Property in Good Condition

A poorly maintained property will rarely attract tenants and if there are major issues like drainage or sewage, you may run the risk of violating the rule for rental. The damage should be repaired on time. More on, when it comes down to the overall appeal, landlords should bear the expense for new paint and other tasks that play a part in lifting the appeal of the property. The professional services of property management in Soho can also help any future landlords, they have a wide range of guides and years of experience.

Landlords should send a Notice of Eviction

If, for whatever reason, you need to evict the tenants you know the proper procedure for doing so. According to the law, landlords need to send a proper eviction notice to tenants clearly stating the reason for eviction. The first-tier tribunal eviction order is needed in this regard and it should be sent to the tenants even if you are having a dispute with them because, without legal notice, evicting a tenant is against the law.

 Consider Building Codes

The local building safety codes should be considered while renting out the property. Landlords should take care of carbon monoxide detectors, and the general structural integrity of the property, making sure they are up to standard regarding building codes.

All Essential things should be in the Functioning Order

The vital things like electricity, plumbing and gas should work properly. It is the responsibility of the landlord to make sure that tenants get the basic needs. Besides, if you have added some luxury in the house, you can charge separately for that. However, everything should be mentioned in the contract in order to avoid any misunderstanding or inconvenience.