If you are considering purchasing property to let out to tenants, it is vital that you take expert legal advice. When you become a buy-to-let landlord, you are effectively starting a small business with all the rules and regulations that come with it. You will need to find tenants, check their references, sign a proper lease agreement, collect and safeguard their deposit, collect rent, maintain the property and deal with any tenant disputes, and ensure appropriate policies are in place. When they move out, you will need to inspect the property properly and make sure you can justify any deductions from the tenants’ deposit. This is of course on top of the usual business responsibilities of keeping proper books and records and meeting all your tax and regulatory obligations!
If this sounds like a nightmare, don’t worry – our specialist solicitors are here to guide you through your legal responsibilities, such as carrying out repairs, maintaining the safe supply of gas and electricity and ensuring fire safety regulations for the premises and furnishings are met. We can also draw up tenancy and lease agreements, deal with tenant disputes, assist with termination of leases (including “Notices to Quit”) and if the worst should happen, assist with the eviction procedures for problem tenants.
If you decide that you would like to use a professional letting agent to manage your new property for you, we can put you in touch with local vetted professionals who will be happy to help.
Contact Backhouse Solicitors today for more information on how we can help you build a successful future as a buy to let landlord.
Tel: 01245 893400
Visit: 17 Duke Street, Chelmsford, CM1 1JU
Or send us a message through the Contact Us page on this website.