Guide to letting a property
Letting a home involves a great number of steps – we have highlighted the crucial tasks below, but essentially we are here to help you through the entire process.
Letting yield returns
Before you let, you must have a realistic, achievable rental income figure. From this, you need to deduct the costs associated with letting a property, which include costs to make the property attractive to the rental market, secure a tenant, manage the letting, re-letting and on-going maintenance costs.
Help preparing a home for tenants
Prior to letting your property, you will need to ensure that you have the appropriate permission granted by your mortgage provider, insurance company and if applicable consent from any Freeholder or Superior Landlord. Stadium Residential are legally obliged to receive your proof of ownership
Marketing & presentation
Promoting your property isn’t just about descriptive text, photos and floor plans, you also have to fulfil legal requirements, for example, attaching the energy performance certificate (EPC) to any property particulars and including the rating in any marketing material. If you don’t produce property details, you still need to make the full EPC available during viewings. Health and Safety requirements and general compliance with current legislation needs to be addressed and our teams can discuss what is required with you whilst also advising on any other pre tenancy works that may be required. It is now a legal requirement that all tenants receive a copy of the “How to rent guide”.
Viewings and tenants
We have found that the most successful method of finding a tenant is for one of our experts to show prospective tenants your property at pre-arranged times – we vet any potential tenants prior to showing them around your property, to be as sure as we can that they are a good match. We will also ensure that any tenants are legally entitled to rent your home and once a deal has been struck will take up references on the tenants via an independent specialist referencing company for your peace of mind.
You have a legal responsibility to let a home that tenants can live in safely.
You should approve the electrics, or secure an electrical safety certificate from a qualified and registered electrician, and you must use a Gas Safe engineer to approve any gas appliances and provide a gas safety certificate annually.
Smoke alarms are now a legal requirement in rental property, so are carbon monoxide alarms if you have any solid fuel burning appliances. Speak to our lettings experts to understand the requirements.