Becoming a Landlord
If you are going to become a landlord and letting a property in Scotland, then there are steps you need to take to make sure you have everything in place to allow things to run smoothly.
If you speak to us we can guide you through this process quickly and thoroughly so you will be in a position to rent your property to best effect very soon.
If your rental property is in Scotland you will need to register as a landlord with the Council where the rental property is located. You can do this via the website www.landlordregistrationscotland.gov.uk and this registration is valid for three years.
The Repairing Standard
You must ensure that your rental property meets the Repairing Standard at all times during any tenancy.
The Repairing Standard is set out in full in Chapter 4 of Part 1 of the Housing (Scotland) Act 2006 which can be viewed here.
Your property will also need to comply with certain safety regulations. You can see details of these and certificate you will need on our Lettings Regulations page.
If your rental property is mortgaged you must obtain written permission to let from the mortgage lender. They may require additional clauses to be included in your tenancy agreement which we can do for you and we can also provide you lender with a copy of the tenancy agreement if they request this.
You should ensure that your insurance policy for both buildings and contents covers you for letting. You will need to inform your insurers that you are letting and may also need to let them know about vacant periods.
It is your responsibility to inform HMRC of any rental income if you are a UK resident.
Council Tax is the responsibility of the tenant while they occupy the property. We can supply the Council with tenancy details. During unoccupied periods Council Tax reductions or exemptions can apply. We can help you with these so that you are not liable for any more Council Tax than due.
Factoring costs are a consideration when renting. We can liaise directly with building factors if given your mandate to ensure general building issues are kept monitored and resolved.
For more general guidance of preparing you property see property Preparation & Furnishing.