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- Sometimes, renting out your house can involve using a letting agent. If you’d like to do this, check out the options in your area. Look at the service they offer and how much they charge. If any of your friends or family are landlords, you could ask for recommendations, too.
www.money.co.uk/guides/how-to-rent-out-my-houseHow to rent out a room or even your whole house | money.co.uk
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Mar 5, 2024 · Whether you're looking to rent out your existing home or planning to invest in a second property, there are a few things any new landlord should know before entering the rental sector. Some landlords choose to use the services of letting agents, who will manage the property, including finding tenants, collecting references and rent and ...
How to rent out your property? You can either choose to manage the rental yourself or ask a letting agent to manage the administration and management of the property. You will also need to decide how to offer your property. You could choose to offer it as a single property or divide it into a House in Multiple Occupation (HMO).
IN SUMMARY: A good lettings agent can let your property out quicker, for more money, to a great calibre tenant. They only need to help you avoid a short void period, protect your rent and put in good tenants that look after your property, for their fee to translate as great value.
If you’re renting out your home you can do it yourself rather than using an agent but it will be more time-consuming and you may find it harder to find tenants. If you’re worried about the cost of using a letting agent when renting out your home, be sure to do your research.
- Ministerial Foreword
- Introduction and Context
- Tenants: Rights, Responsibilities and Advice
- Landlords: Rights, Responsibilities and Advice
- Park Home Sites and Property Guardians
This consolidated guidance is for landlords and tenants in the private rented sector (PRS). The government is committed to making sure everyone who rents can have a safe, secure, warm and dry place they call home. This guide is just one way in which we have boosted support for landlords, tenants and local authorities to set and maintain high standa...
How to use this guide
This document has been produced to help both landlords and tenants. It sets out the roles and responsibilities of both parties when letting or renting a property in the private rented sector (PRS). The guidance is comprised of 3 sections. The first is intended to help tenants understand more about their rights and obligations when renting from a private sector landlord. The second provides landlords with information on how to maintain high standards and create positive relationships with tena...
What this guidance is for
While the PRS has doubled in size since 2002, recent figures show that the share of all households renting privately has hovered around 19% to 20% since 2013-14. In 2017-18, the PRS accounted for 4.5 million, or 19%, of UK households. By way of comparison, the proportion of households in the social rented sector has not changed for over a decade. To maintain standards in the private rented sector, it’s important that both landlords and tenants understand and fulfil their respective rights and...
Section 1: Tenants
This section is for people who are either existing tenants or are about to rent a house or flat on an assured shorthold tenancy. Most of the guidance will apply equally if you are in a shared property, but in some cases your rights and responsibilities will be different. The guide does not cover lodgers (people who live with their landlord). It also doesn’t cover tenants of a property that is not their main residence. Although property guardians and those living on a park home site do not for...
The guidance for tenants in this section sets out: 1. what to consider when finding a new home in the private rented sector 2. your responsibilities as a tenant 3. your rights as a tenant 4. what you can do if things go wrong during your tenancy 5. useful contacts You should also refer to the How to let guide and the How to rent checklist.
Summary
The vast majority of landlords in England provide decent, well-maintained homes for their tenants, and are good landlords committed to acting in their tenants’ best interests. One of our main aims in producing this guidance is to foster and encourage these good practices, and to empower landlords to maintain the high standards that most already uphold. However, a small minority of landlords rent out unsafe and substandard accommodation to their tenants. An even smaller proportion do so knowin...
Licensing obligations
As a landlord, you may need to obtain a licence to let your property under one of 3 types of licensing: 1. mandatory House in Multiple Occupation (HMO) licensing 2. additional HMO licensing 3. selective licensing If your property falls under any of these 3 types of licensing arrangement, you are legally required obtain the relevant licence. Failure to license a property is a criminal offence. Further information on each type of licensing is provided below. For comprehensive information on lic...
Getting your property ready
Before you can rent out your home, it’s your responsibility to ensure that the property is safe and fit for human habitation. If a property is unsafe or unfit you could be committing a civil or criminal offence, and may be subject to enforcement action by your local authority. To help you understand the requirements under the Housing Act 2004, it’s important that you read the Housing health and safety rating system (HHSRS): guidance for landlords and property-related professionals, which is a...
Park homes
Park homes are not part of the private rented sector. Privately-owned parks where home sites are occupied wholly – or in part – for permanent residential use are subject to different rules of enforcement from standalone households and HMOs. The Mobile Homes Act 2013 introduced changes to the procedures and penalties for enforcement of site licence conditions on residential parks. These procedures and penalties have been put in place to address the minority of park owners who do not run their...
Property guardians
A property guardian is someone who has entered into an agreement to live in a building or part of a building that would normally be otherwise empty for the purpose of securing and safeguarding the property. This can often be a building which was not intended to be used as a residence. Many guardians will not hold a tenancy agreement, and instead will hold a licence. If you are a property guardian or considering entering into a guardianship, it is important that you know the difference, and wh...
Landlord responsibilities when renting out your property, including making repairs, health and safety, increasing the rent and changing regulated tenancies.
Dec 16, 2021 · Sometimes, renting out your house can involve using a letting agent. If you’d like to do this, check out the options in your area. Look at the service they offer and how much they charge. If any of your friends or family are landlords, you could ask for recommendations, too.
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