Regulation
There are many things a landlord should know before they consider renting their property. The following points are what need to be addressed before letting your property.
Gas Safety - Landlords have a duty to ensure that any gas appliances and flues they provide for tenants' use are maintained in a safe condition at all times and checked for safety each year by a CORGI registered engineer
A copy of the report (CP12) should be provided to the tenant at the outset.
EPC’s - From October 2008 It has been a legal requirement that any home in Northern Ireland for sale or to rent has an energy performance certificate carried out. This simply measures how energy efficient the property is
Electrical Certificate - Though it is not compulsory, it is advisable to get a NICEIC approved electrician to carry out an inspection of the property . This would throw up any potential problems with the electrics in the home.
Furniture and Furnishings - It is a legal requirement that any furniture and fittings supplied by the Landlord must meet with the standards laid out in the Furniture and Furnishings(fire and safety) regulations act 1988.
Consent to let – It is normal practice that the landlord should contact their mortgage company to notify them that the property is to be let. This obviously need not apply if it is a buy to let mortgage.
Taxation – Under the taxation of income from land(non residents) act 1985, If you live abroad or are intending to live abroad, please note that in accordance with Inland Revenue Regulations regarding income received by owners of rented property you are required to complete form NRLI. In the event that we do not receive confirmation of exception from Inland Revenue, we must deduct tax from all rentals collected on your property
Insurance – The landlord should also advise his insurance company of the proposal to let the property as this could either invalidate the insurance altogether or lead to an increase in premium. You may have to arrange another brand new insurance policy suitable for landlords.If you are unsure about any points noted above, please do not hesitate to contact our rental team at any time.
