Things You Should Know . . .

Being a Landlord is a serious commitment

There is statutory legislation that you must comply with, by law.

There are tax implications with regard to your rental income whether you reside in the UK or overseas.

If you are classed as non resident an agent is required by law to deduct 22% of the rental income for the Inland Revenue unless an approval number from the Inland Revenue is issued

You are required to have all gas appliances checked by a corgi registered dealer and issued with a Landlord safety certificate before a tenant can take occupation

You must have the electrical appliances and installation checked by a competent electrician and all portable electrical appliances must be tested yearly

You must insure the building

If your property is mortgaged you must have permission from the lender to let

You must supply smoke detectors

Your property must be kept in good repair.

For more detailed information regarding your obligations as a Landlord then please contact us.

For More Information Contact:

Property Rental Services
Media House, 6 Oxford Street, Daventry Northants NN11 4AD
Tel: 01327 301944
FAX: 01327 301955
Internet: www.propertyrentalservices.co.uk

email: prslettings@tiscali.co.uk