What is required of new landlords in Edinburgh?
First and foremost, it’s important to clarify that renting out your property isn’t a simple transaction. There are many things you need to consider to lawfully rent out your property and to ensure the safety and security of your tenants. It’s important to get things right the first time and most importantly, abide by the ever-changing laws surrounding letting.
Cullen Property aims to be the most trustworthy letting agency in Edinburgh by providing Transparent and Reliable letting agency services delivered with Unbeatable standards by our Savvy and Talented team. Let us remove the hassle from letting – check the rental value of your property for free here and one of our friendly team will be in touch to offer advice!
Acquire relevant certification and documentation
You, the landlord, first of all have to ensure that your property is safe and complete the required certification. Below is a non-exhaustive landlord checklist for certification, documentation and other requirements:
• I.D. – Passport/Driving Licence & Utility Bill
• Proof of Ownership – Title Deeds / Solicitors Letter
• Landlord Registration Number
• Energy Performance Certificate (EPC)
• Electrical Installation Condition Report (EICR)
• Portable Appliance Test (PAT) certificate
• Legionella Risk Assessment
• Installation of Interlinked Heat & Smoke Detectors
• Cleaning - Professional Standard Required
Ensure your property is in great condition to attract and retain tenants
You will have to ensure your property is in fantastic order to attract and also retain great tenants. You will:
• Advertise on a variety of platforms to attract the right people, at the right time for the right price.
• Carry out viewings in a professional and orderly fashion.
• Follow a thorough due diligence process (referencing and background checks) to ensure that there’s no risk involved in moving forward with an agreement.
• Attend to initial and ongoing maintenance that will likely crop up and to deal with it promptly.
• Inspect your property routinely to ensure the high standard that you set is maintained.
Weigh up your other commitments
Ultimately, being a responsible landlord takes a lot of time, work and effort. Unless this is your full-time job, it’s really difficult to find the time to do it and to do it well. If you find yourself asking 'what is required of new landlords in Edinburgh?' then it is very important to note that there is no space to cut corners due to heightening regulations that protects the rights of your tenants and you will need to make sure that all statutory obligations are met. Otherwise, you could find yourself at the other end of a legal battle or faced with hefty fines.
Our Edinburgh property management service provides a dedicated and qualified Property Manager teamed with a Contracts Manager, who together ensure all of the operational and administrative responsibilities surrounding your property are fully taken of.
We believe this is the type of service that your property, your investment and your tenants deserve. What does this mean for you? It means you have the time to enjoy what you love most and to focus on your day to day responsibilities.
Get in contact for a free rental valuation
If you’d like to find out how we can deliver a hassle-free property management service, get in contact with us for a free property valuation and advice! Or in the first instance, click here to receive a free online rental valuation.