Letting my property - advice

[arun1uk]

Afternoon all,
I'll looking to rent my property in the next few months and just looking for some advice/guidance from other people who have done the same.
Is there a checklist that you used? Do I need to set up a ltd company to receive the rent? etc

I've spoken with an estate agent and have already found a potential tenant (corporate) who is willing to pay 1yr rent up front!

Any help would be really appreciated.

Thanks

[arun1uk]

Thanks all,
Does anyone have (or has used) a simple checklist for when renting your property by any chance, please?
Simple things like:

- Gas safety cert
- EPC
- Landlord insurance
- Inform Council
- Do we need to inform Flat management company
etc

Would really appreciate the help - we're at the stage now where we're ready to commit and just wanted to double check everything.

Cheers in advance.

[arun1uk]

dazwalsh said:

Top 3 on your list are essential, anything after is down to the situation.

I would add in mains powered interlinked smoke alarms as tenants can be amazing in their stupidity. I had a tenant remove the batteries from all 3 smoke alarms once to put in her children's bloody toys!

I would also strongly suggest an electrical periodic inspection to be carried out every 5 years. Its not compulsory ( although it should be if you ask me) but you have a duty of care for the tenants health and safety and this covers your arse and gives you piece of mind that the electrics are safe.

Excellent advice, really appreciate that. Just had the EPC completed, Gas Safety next week so will try and get the Elec certification at the same time too.

[arun1uk]

Yes - corporate let with a reputable company, who have an ex-pat working here for 1 yr. They have committed to paying the 12 month rent up front - so I will declare this via self assessment, minus the deductibles such as mortgage interest and services to maintain the upkeep of the property.

I was conscious at first so I asked to speak with the company and they explained everything in detail and we also met the tenant. All seems to look legit.