|
What is the
law?
When you let
your property to a tenant, the tenancy is automatically
an assured shorthold tenancy (unless you agree otherwise
in writing).
This means that
you have a guaranteed right to get your home back after
6 months - if you need to.
 |
You can
charge a market rent.
|
 |
You can
get your home back if your tenant owes you at least
2 months' or 8 weeks' rent.
|
 |
Tenants
causing a nuisance to local people can be evicted.
|
How long does
an assured shorthold tenancy have to last?
That is for
you to agree with your tenant. You can agree that it should
last for a set period (known as a "fixed term") or you can
leave it open-ended.
How would I
get my property back?
You can end
the tenancy at any time after 6 months, provided any fixed
term you agreed has ended. You only need to give your tenant
2 months' written notice that you want your property back.
You can end
the tenancy at any time on certain "grounds" (reasons) for
possession set out in legislation. These include rent arrears,
anti-social behavior, and damage by the tenant.
What if the
tenant won't leave?
Most tenants
do. You cannot evict a tenant yourself but you can apply
to the county court to get your property back. In certain
cases you can use an accelerated possession procedure which
can avoid the need for a court hearing.
Why not just
leave my property empty?
You can lose
over EUR5000 a year by keeping a home empty -in rent loss,
council tax, insurance, dilapidation and security measures.
There is also the risk of vandalism, squatting and complaints
from neighbours.
As a landlord,
what would I be responsible for?
 |
Repairs
to the structure and exterior of the property, heating
and hot water installations, basins, sinks, baths and
other sanitary installations.
|
 |
The safety
of gas and electrical appliances.
|
 |
The fire
safety of furniture and furnishings that you provide.
|
What would my
tenant be responsible for?
 |
Paying the
rent as agreed.
|
 |
In most
cases, paying the council tax and water and sewerage
charges; but if you pay them, you can include the cost
in the rent.
|
 |
Bills for
gas, electricity and the telephone etc. if you agree
this with the tenant.
|
 |
Taking proper
care of the property.
|
What if the
property needs repairs before it can be let?
Housing associations
can help by providing a grant and managing the property
for you. Or you may qualify for a local authority renovation
grant. Your local authority can give details.
What about my
tax position?
In general terms,
you will be liable to pay tax on your gross income from
rents and will be able to deduct from them your day to day
running expenses. For further details, ask your nearest
Tax Enquiry Office or Tax Office for a copy of the Inland
Revenue leaflet IR87, "Letting and your home". More detailed
tax information can be found in IR150, "Taxation of rent.
A guide to property income". If you are planning to live
abroad for more than a few months while letting your home,
you may need to read IR140, "Non-resident landlords, their
agents and" tenants.
It sounds complicated.
Can anyone help me?
Letting agents
can find tenants, start the tenancy, collect rent or provide
a full management service for peace of mind.
Some agents
work to specified standards of service such as members of
the National Approved Letting Scheme.
Membership of
the scheme is open to agents who are members of the following
professional bodies:
 |
Association
of Residential Letting Agents
|
 |
Royal Institution
of Chartered Surveyors
|
 |
National
Association of Estate Agents
|
 |
Registered
Social Landlords (housing associations).
|
|