Posted in The basics.

Tenancy Security Deposit: A 5-minute guide for landlords

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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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Posted in The basics.

How to find great tenants for your rental property in the UK?

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 Last updated 02/02/2021
How to find great tenants for your properties
Summary
  1. Sorting Through Potential Candidates
  2. What Documents Should You Ask For?
  3. The Importance of References
  4. Assessing the Reliability of the Candidate
  5. What to remember

Selecting the perfect tenant for a rental property in the UK is an important job, but that doesn’t mean it’s easy. There’s a lot to take into account to find great tenants; due diligence should be your top priority. After all, the last thing you want is to wind up in a situation where the tenant doesn’t pay the rent, and you have to enter into a prolonged dispute period.

Here are four steps you can take to ensure that the tenant you end up choosing will be a good fit for your property. The ideal tenant will pass each of these steps one by one, but they’ve been designed to weed out poor candidates.

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Posted in Advise, Legal, The basics.

How Can A Landlord End A Tenancy In The UK?

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 Last updated 12/09/2023
Tenancy Contract Types
Summary
  1. Do Tenancies End On The End Date?
  2. The Legal Process
  3. Mutual Agreement
  4. Section 21 Notice
  5. Tenant Eviction (Section 8 Notice)
  6. Surrender Of Tenancy
  7. Other Clauses
  8. Tips

In an ideal world, no landlord would ever have to end a tenancy early. Unfortunately, however, we don’t live in an ideal world, and as a result, ending tenancies early is something that both landlords and tenants have to be prepared for. Given that it happens so often and for so many reasons, there’s a lot of confusion out there when it comes to what the specific precedent needs to be in order to comply with UK law. A single Google search throws up thousands upon thousands of results, meaning that for landlords and tenants both, the topic can be overwhelming at times.

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Posted in Advise, The basics.

How To Create A Property Inventory For Rental Properties In The UK

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 Last updated 20/10/2023

How to Make an Inventory

Summary
  1. Understanding Property Inventories
  2. The Importance of Property Inventories
  3. Creating a Property Inventory
  4. When to Prepare an Inventory
  5. Are Inventories Mandatory?
  6. What to Include in an Inventory
  7. How To Prepare For An Inventory
  8. Professional Assistance
  9. Additional Details
  10. Evidence for Legal Compliance
  11. Final Tips

A property inventory is a record of all the things that you own in your house. There are a number of different homeowners who will want to make sure they perform a property inventory before getting on with selling their place.

Regardless of whether you’re a landlord with a number of properties, a private owner looking to rent out their apartment for the first time, or somebody who makes a living renting houses, it’s vital that you have an exhaustive list of every single item in the property.

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Posted in Advise, The basics.

A tenant’s checklist before renting a home

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 Last updated 21/09/2023
A tenant's checklist before renting a home
Summary
  1. Location Matters
  2. Budgeting for Rent and Bills
  3. Renter’s insurance
  4. Safety and Maintenance
  5. Inventory
  6. The Tenancy Agreement
  7. Security deposit
  8. Frequently Asked Questions
  9. Important things to remember

Renting a house or apartment in the UK can be a daunting experience, especially for first-timers. However, by staying organized and informed, you can navigate the rental process with confidence. In this comprehensive guide, we’ll cover a tenant’s checklist before renting a home, providing you with all the information you need to make informed decisions.

Whether you are looking for an apartment, office space or house, Rentila is here to help!

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Posted in Advise, The basics.

Should you operate as a private landlord or should you use a letting agent?

Posted on by
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 Last updated 14/09/2023
Should You Operate as a Private Landlord or Should You Use a Letting Agent?
Summary
  1. Definitions and differences
  2. Advantages of operating as a private landlord
  3. Disadvantages of operating as a private landlord
  4. Advantages of using a letting agent
  5. Disadvantages of using a letting agent
  6. Other considerations
  7. Conclusion

Many homeowners throughout the UK, who are considering letting out a property they own, have to make a tricky decision long before any paperwork even gets signed. The question is whether they should work as a private landlord, or whether they should make use of a letting agent.

The path you ultimately end up choosing will significantly impact the overall experience, so it’s important to think this through carefully.

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