Real Estate Investor Magazine South Africa March 2015 | Page 58

legal Demystifying the Tenant process Legal obligations for landlords BY ROSEANNA MCNALLY T he legal climate for landlords investing in UK property for lettings has improved dramatically over the past few years. Short term lettings are usually called tenancies. Residential tenants are most commonly granted a form of tenancy called an Assured Shorthold Tenancy. This tenancy can be for any period, but recovery of the property in the first six months cannot be obtained unless there is a default. After six months, recovery of possession does not require any ground to be proven other than service of a simple notice on the part of the tenant. Assured Shorthold Tenancies are acceptable to all major lenders. gas pipe work, appliances and flues. An engineer registered with the Gas Safe Register must carry out this evaluation (visit gassaferegister.co.uk). You must keep inspection records for at least two years and give copies of the reports to your existing tenants within 28 days of each check. “Assured Shorthold Tenancies are acceptable to all major lenders.” 3. Electrical installation safety Electrical installations, like fixed wiring and electrical appliances (cookers and kettles) you supply to tenants must be safe and well-maintained. You must inspect fixed electrical installations every five years. You must arrange, at least once a year, for a qualified electrician to do a safety test by carrying out a Portable Appliance Test (PAT) on any portable electrical equipment you provide for tenants. There are no pre-letting procedures or requirements but there are some obligations on the landlord which are implied by the law. These are set out below: 4. Tenancy Deposit Schemes (‘TDS’) Every deposit taken needs to be protected by a government licensed Tenancy Deposit Scheme. 1. Repair The landlord is responsible for maintaining and repairing: • The structure and exterior of the property including drains, gutters and external pipes; • Installations for the supply of water, gas, electricity and sanitation including basins, sinks, baths and sanitary convenience; • Installations for indoor heating and the heating of water. 5. Fire Safety Your tenants must have an escape route from your properties in case of a fire. You may also have to provide fire alarms and extinguishers. Furnished accommodation must comply with fire-resistant furniture regulations. 2. Gas installation s Y