\n\tBeset by a range of potentially, disastrous tax changes (primarily the withdrawal of finance charges as an allowable deduction – reduced instead to a basic rate tax credit), landlords of buy-to let residential accommodation also have to contend with a growing list of red-tape. We have listed below a number of compliance issues that are backed by legislation. Failure to comply with these can lead to penalties. Obligations include:<\/p>\n
\n\t <\/p>\n
\n\t· Building and landlord insurance<\/p>\n
\n\t· Gas Safety Certificates<\/p>\n
\n\t· Energy Performance Certificates<\/p>\n
\n\t· Electrical Installation Reports and Certificates<\/p>\n
\n\t· Smoke detectors on each floor<\/p>\n
\n\t· Carbon monoxide detectors if required<\/p>\n
\n\t· Copies of tenants references<\/p>\n
\n\t· Tenants agreement to receive communications by email<\/p>\n
\n\t· Proof that tenant has right to rent in the UK (copy passport for example)<\/p>\n
\n\t· Household inventory<\/p>\n
\n\t· Register your property business with HMRC<\/p>\n
\n\t· Tenants contact details<\/p>\n
\n\t· Protect deposit within 30 days of receipt<\/p>\n
\n\t· You are required to respond to written complaints within 14 days of receipt, in writing<\/p>\n
\n\t· Inform tenants prior to a property inspection<\/p>\n
\n\tProvide tenant with:<\/p>\n
\n\t· How to Rent – the checklist for renting in England<\/p>\n
\n\t· Guarantors Agreement – if required<\/p>\n
\n\t· Assured Shorthold Tenancy Agreement<\/p>\n
\n\t· Information regarding Deposit Protection Scheme<\/p>\n
\n\t· Serve the correct form of notice to end tenancy<\/p>\n
\n\t· Tenant should sign a list of deductions made from rent deposits<\/p>\n
\n\t· Return whole or balance of deposit at end of tenancy<\/p>\n
\n\tThis list is by no means complete. Landlords that use the services of letting agents will no doubt have these points covered as part of their contract with the agent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Beset by a range of potentially, disastrous tax changes (primarily the withdrawal of finance charges as an allowable deduction – reduced instead to a basic rate tax credit), landlords of buy-to let residential accommodation also have to contend with a growing list of red-tape. We have listed below a number of compliance issues that are […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-531","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=531"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/531\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}