How to be a successful landlord #1 Responsibilities

Letting out a property and managing it yourself can seem like a cheaper option, but there’s more to being a private landlord than the rent boosting your bank balance every month. With rules and regulations tightening, the life of a landlord isn’t getting any easier. In a recent survey, 64% of National Landlords Association (NLA) members said that government regulation is the worst aspect of being a landlord.

Worryingly, both established and aspiring landlords aren’t all aware of the changes that may affect them. Don’t get caught out – successful landlords need to know what their responsibilities are and how new legislation affects their role.

Your responsibilities as a landlord:

• Maintenance of the exterior and structure of the property
• Maintenance of all sanitary installations, including baths, sinks and toilets
• Maintenance of heating and hot water installations
• Keeping the property free from damp
• Ensuring all furnishings meet fire safety requirements
• Maintenance of gas and electrical installations and appliances, with an annual safety check
• Keeping the property in a good overall state of repair, so it is ‘fit for habitation’

› Get clued up on your rights as a landlord