Landlords Guide To Leasing

A brief summery of the keys areas to consider when leasing your property are as follows:

• Approval from your lender to lease the property
• Relevant Landlords Insurances for your buildings and contents. Your tenants will be responsible for insuring their personal belongings.
• Furniture and Furnishings that comply with Fire Safety Regulations 1988. This means that all soft furnishings must have safety labels visible.
• From January 2009 all leasing properties must have a valid Energy Performance Certificate. This is valid for 10 years.
• All Gas appliances and installations must be checked annually by a Gas Safe registered engineer and a certificate provided to comply with the Gas Safety (Installation and use) regulations 1994.
• All electrical equipment and appliances must meet with the Electrical and Fire Safety Regulations 1994. This includes adequate provisions for smoke detectors installed in the property.
• All properties leased to three or more unrelated persons must have a valid Multiple Occupancy Licence approved and granted by Aberdeen City Council.
• All Leasing properties must be checked under section 13(1) of the Housing (Scotland) Act 2006 to ensure that they are fit for habitation. Pre-Tenancies must be carried out prior to all tenancies.
• Approved Landlord Registration through the local authorities. www.aberdeencity.gov.uk or www.aberdeenshire.gov.ukl if done online a 10% discount will apply.
• All profit made on leasing your property is subject to taxation. A self assessment must be completed at the end of every financial year. If you reside abroad you will also be subject to taxation. NRL1 forms should be completed in order to obtain exemption.
• We advise that all properties have a professional inventory carried out prior to all tenancies. This is impartial to you and your tenants.

For more information on the above points please do not hesitate to get in contact. Along with our leasing team and property factors, we have an extensive bank of people who would be able to help and assist you with all your requirements to make sure your property is to the highest standard.

We provide different levels of service to suit your leasing requirements. They are as follows:

• Full Factoring Service
• Tenant Finding Service
• Vacant Property Inspections
• Lease Agreement
• Supplementary Lease Agreement
• Notice to Quit
• Pre-Tenancy Checks

To find out further information or to arrange a free no obligation valuation on your property then please do not hesitate to get in contact with the office. Many of our fees are open to negotiation.