What Every Landlord Should Know Before Letting Their Property

Letting out a property can be rewarding, but it’s not as simple as handing over the keys. From safety standards to tenant checks, there’s preparation needed before your first rent payment arrives. Whether you’re a first-time landlord or adding to your portfolio, this guide from Your Home Managed outlines everything you need to know before letting your property in Streatham. If you’re getting ready to list a property to rent in Streatham, here’s how to make sure it’s legally compliant, safe, and appealing to quality tenants.

1. Get Your Legal Checks in Order

Before anything else, make sure your property meets all the legal requirements for letting in the UK. The rules are designed to protect both landlords and tenants, and compliance will save you headaches later on. Here’s what you’ll need:

• Energy Performance Certificate (EPC): Must be rated E or above and valid for 10 years.
• Gas Safety Certificate: Required annually if there are any gas appliances.
• Electrical Safety Report (EICR): Must be renewed every 5 years and provided to tenants before they move in.
• Smoke and Carbon Monoxide Alarms: Fit smoke alarms on every floor and a CO alarm in any room with a solid fuel or gas appliance.
• Deposit Protection: Register the tenant’s deposit with a government-approved scheme within 30 days.
• ‘Right to Rent’ Checks: Verify that tenants are legally allowed to rent in the UK.
  If you’re unsure where to start, a property management company in Streatham can arrange and record these for you.

2. Prepare the Property for Tenants

Presentation matters, ensuring your rental is safe, clean, and move-in ready. Think of it as setting the tone for the tenancy. A few simple steps can make a big difference:

• Repair and refresh: Fix leaky taps, replace worn carpets, and touch up paintwork.
• Clean thoroughly: Professional cleaning helps the property look cared for and prevents disputes later.
• Secure the property: Make sure locks, windows, and gates are all working properly.
• Provide clear instructions: Manuals or notes for appliances, heating, and bins help tenants settle in smoothly.
• Inventory check: Record the property’s condition and contents before tenants move in, ideally with photos.

A well-prepared home attracts responsible tenants and reduces the risk of problems during the tenancy.

3. Understand Your Responsibilities

Being a landlord involves more than collecting rent. You’re responsible for maintaining the property and ensuring tenants have a safe place to live. You’ll need to:

• Respond promptly to maintenance issues.
• Keep heating, plumbing, and electrics in good order.
• Ensure the property remains compliant with changing legislation.
• Respect your tenants’ privacy - give at least 24 hours’ notice before visits or inspections.
• Provide an address for official correspondence within England or Wales.

If that sounds like a lot to juggle, a professional property management company in Streatham can take the stress out of it, handling inspections, maintenance, and tenant communication on your behalf.

4. Screen Tenants Carefully

Choosing the right tenant is one of the most important parts of letting a property. A thorough screening process helps avoid late payments, damage, or disputes later. Here’s what to check:

• References: Always request previous landlord and employer references.
• Credit checks: Look for a solid payment history.
• Income verification: Confirm that the tenant can afford the rent - typically 2.5 to 3 times their monthly income.
• Guarantor: Consider asking for one if the tenant’s financial background is limited.
  A good letting agent in Streatham will handle all these checks professionally, ensuring your tenants meet the right criteria before signing any agreement.

5. Set Up the Tenancy Properly

Once you’ve found your ideal tenant, make sure all the paperwork is completed accurately. This includes:

• A written tenancy agreement outlining rent, responsibilities, and notice periods.
• A How to Rent guide - legally required to be provided to tenants.
• Proof of deposit protection and prescribed information.
  Double-check every document before your tenant moves in and always keep digital and paper copies.

6. Keep Communication Open

Clear, respectful communication builds trust and reduces the risk of disputes. Whether it’s arranging repairs or discussing renewals, a proactive approach keeps the tenancy running smoothly. At Your Home Managed, we believe great tenancies start with mutual respect and transparency. Tenants who feel valued tend to stay longer and look after your property better.

If you’re preparing to let a property to rent in Streatham, Your Home Managed is here to help. From legal compliance to tenant checks, we’ll handle it all so you can let with confidence.

Call us on 0208 125 7780 or email info@yourhomemanaged.com to get started today.