FAQ

What does the new deposit scheme involve and how does it protect me?

All deposits being paid by a tenant for an Assured Shorthold Tenancy are registered with a recognised deposit protection scheme within 14 days guaranteeing that any deposit disputes will be dealt with efficiently.

How much is the tenant's deposit and what happens to it?

Typically this is four to six weeks' rent and is payable upon the signing of the Tenancy Agreement. The deposit should then be registered with a tenancy deposit protection scheme within 14 days.

What is an EPC and how long will it be valid?

An EPC ( Energy performance dertificate) measures the energy efficiency of a property using a scale of A-G and is valid for 10 years.It is a legal requirement for landlords to have a valid EPC before their property is let.

How much is the tenant's deposit and what happens to it?

Typically this is four to six weeks' rent and is payable upon the signing of the Tenancy Agreement. The deposit should then be registered with a tenancy deposit protection scheme within 14 days.

How long does it take to receive my rent once paid by the tenant?

For a long let you should receive your rent by standing order on the rental due date each month. The due date is typically, although not always, the date on which the tenant moved in.

Do I need to get my electrical appliances tested?

The law requires any electrical appliance to be safe to use although no specific test is required.

Does a landlord need to pay Tax?

All landlords could be liable to pay tax on their rental income whether UK based or overseas.