Letting Suggestions for Landlords Renting Home to Students
They should include pictures of all rooms, showing positions of furniture plus important potential problem locations such as inside the cooker, behind kitchen appliances, cleanliness of lounge carpet and the condition of the garden and lawn, if they are sustaining this area.
Landlords should create 'cleaned to a good standard' against rooms in the inventory and offer a definition, so there can be small doubt as to what this indicates, such as: ''No dust or debris behind, underneath and on leading of furniture, fixtures and appliances cookers are clean and practically free from burnt on grease, particularly on oven racks and trays fridges, freezers and microwaves are clean and empty Venetian blind slats, curtains and covers are clean difficult floors are mopped and any mirrors are clean bins are washed walls are free from washable marks and blu-tak kind stains.' and so on. A detailed inventory will assistance claims for damage and cleaning at the end of the tenancy.
Landlords should devise a easy checkout leaflet, outlining the procedures and expectations at the finish of the tenancy. Give it to the students at the start of the tenancy. When issuing a Section 21 notice, probably towards the finish of the tenancy, remind them about the checkout leaflet.
Duty of care
A landlord's 'duty of care' should include a thorough safety check of their purchase-to-let home. A landlord should also offer a 'Household Folder', packed with helpful info. Contents could consist of: Moving and Living in the Premises, Student and Landlord Responsibilities, Common Health and Security, Place of Solutions in the Home and Electrical Safety, Disposal of Refuse, Condensation, Pest Manage, Use of Candles, Noise, Nuisance and Neighbour Disputes, Who is Responsible for what Repairs, Cleaning, Visits by the Landlord, Crime Prevention, Fire Security, Initial Aid and Helpful/Emergency Phone Numbers. The landlord's 'Household Folder' could also contain the legal certificates, directions on the use of appliances and the purchase-to-let investment's property's checkout leaflet.
Avoid the Tenancy Deposit Scheme (TDS)
Landlords should quit taking a security deposit and steer clear of the Tenancy Deposit Scheme altogether. Rather when the contract is signed, landlords should charge each student tenant a perfectly legal, £50 non-returnable administration fee. Landlords shouldn't bother paying for a credit reference check. Students generally have very small credit history. Instead, landlords ought to create a separate guarantor agreement, which is generally a parent, for each tenant and consist of 'joint and several' responsibility.
Landlords should remind guarantors that if they default 'you may record this with a Credit Referencing Agency and IDS Ltd, who may supply the info to other credit businesses or insurers in the quest for the responsible granting of tenancies, insurance and credit.' Landlords should give guarantors the checkout leaflet, so they understand the requirements anticipated at the end of the tenancy. Landlords should make sure the agreement is a deed by including the statement 'This document is a DEED and has been executed as a DEED. This Deed of Assure is governed by English Law and is topic to the exclusive jurisdiction of the courts of England and Wales.' Increasingly foreign students rent purchase-to-let property and in an extreme case landlords don't want to end up in a foreign court. If landlords are storing guarantor details, register below the 'Data Protection Act'.