Author Archives: Rentila

Posted in Rentila.

What every landlord should know about GDPR

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 Last updated 17/01/2020
RGPD y el Sector Inmobiliario
Summary
  1. GDPR background
  2. What are the biggest changes?
  3. What are the penalties for non-compliance?
  4. Register with the ICO
  5. Collecting data
  6. Keeping data up-to-date
  7. Keeping data secure
  8. Where to get help and what to do if your data is lost or stolen
  9. Important things to remmber

The days of a rent book and a handshake – being all was required to rent a property are a long distant memory. Even if you’re just a landlord with one property, there’s no getting away from compliance in today’s rental industry.
That’s not just a case of making sure appliances are safe, and you’re fully insured. Because landlords store information about their tenants then they must now be GDPR (​General Data Protection Regulations) compliant.
The EU regulations now in force were intended to tackle conglomerates such as Facebook’s use of personal data. But the legislation applies to every business and landlord. That’s why a rudimentary understanding of GDPR is essential. In this quick guide, we lay down all the need-to-know facts about GDPR.

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Posted in The basics.

How landlords can avoid costly tales of the unexpected?

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 Last updated 27/02/2020
How Landlords Can Avoid Costly Tales of the Unexpected
Summary
  1. Beyond taxation
  2. Professional fees
  3. Safety costs
  4. Accidental damage costs
  5. Maintenance
  6. Associated costs
  7. Regular costs
  8. Bad weather

Boy Scouts across the World will tell you the importance of being prepared. And it’s no different for landlords. One area where preparation pays off is knowing what expenses to be prepared for when renting out a property and avoid unexpected costs.
Renting out a property can be very profitable and even enjoyable. When done correctly, it’s an asset earning you money as you sleep and who doesn’t like the sound of that. The best landlords have clear budgets and an understanding of the costs they can expect to fork out on.
But even the best have been caught out by expenditure that seemingly came out of the blue.
Here are eight awesome tips to help landlords to avoid unexpected costs.

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Posted in The basics.

A landlord’s checklist before renting a home

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 Last updated 18/10/2023
A landlord’s checklist before renting a home
Summary
  1. Letting agents
  2. Advertising
  3. Furnishing the property
  4. Availability
  5. Make sure the property’s safe
  6. Insurance
  7. Contract
  8. Deposit scheme
  9. Important things to remember

The idea of being a landlord is very appealing. It conjures up notions of being able to sit back on rental income and never have to work again. But that’s not true – and if that’s what you thought being a landlord is all about – then it’s probably best you reconsider. For sure, letting property can be a very lucrative business, but it’s also risky, and plenty of landlords have found themselves in dire straits financially and legally when they haven’t done things right. That being said, it’s possible to become very wealthy with a buy-to-let portfolio.

We’ve prepared a checklist for all new landlords before renting a property. It won’t absolve you of all problems down the line. But if you follow these steps, you’ll hopefully save yourself a lot of possible future issues.

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Posted in Legal, The basics.

Landlord’s Insurance – Do you even need it?

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 Last updated 02/02/2021
Landlord Insurance - Do you even need it?
Summary
  1. What is landlord’s insurance?
  2. What does this insurance cover you for?
  3. Is landlord’s insurance more expensive?
  4. Is this insurance a legal requirement?
  5. Do I need this insurance if renting to family members?
  6. Do I need this insurance if I live in the property?
  7. Do I need landlord’s insurance and building’s insurance?
  8. Things to remember

So you’re looking to rent out a property, but you’re baffled by insurance. What is landlord’s insurance, and will a typical homeowner’s policy be adequate?

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Posted in The basics.

Tenancy Agreements: A 5-minute guide for landlords

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 Last updated 02/02/2021
Tenancy Agreements - A 5-minute guide for landlords
Summary
  1. What is a tenancy agreement?
  2. What are the types of tenancy agreements, and which should I use?
  3. Assured Shorthold Tenancy Agreements
  4. Assured Shorthold Tenancy Agreements (Room only)
  5. Excluded Tenancy Agreements (Lodgers Agreement)
  6. Company Let Agreements
  7. Non-Assured Tenancy Agreements
  8. Assured Tenancy
  9. Regulated Tenancy
  10. Adding additional terms to your tenancy agreement
  11. Important things to remember

If you’re renting out a property, you’ll need to provide a tenancy agreement. However, there are many types of tenancy agreements, so it can be confusing to know which one to use. After reading this five-minute guide, you’ll be confident you know which contract you need.

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Posted in The basics.

Tenancy Security Deposit: A 5-minute guide for landlords

Posted on by
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 Last updated 10/11/2022
Tenancy Security Deposit
Summary
  1. What is a security deposit, and how much can I ask?
  2. When is it paid?
  3. Do I have to charge a deposit?
  4. How to calculate a deposit
  5. What is the deposit protection scheme?
  6. What do I need to know about deposit protection law?
  7. What are the penalties for not abiding by the deposit protection law?
  8. What schemes can I use?
  9. Must I hand the deposit over to the scheme?
  10. How to avoid disputes with your tenants
  11. Do I need to return the whole deposit and how long do I have to do this?
  12. Can I charge for referencing during a tenancy application?
  13. If new laws mean I have to take pets can I charge a higher deposit?
  14. Tenancy Deposits: Things to remember

You’ve made the ideal investment and have furnished your rental property. You’ve checked the references of your soon-to-be tenant. But you also want to take a security deposit to protect yourself from any damages down the line. Here’s the lowdown on what you need to know.

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