Being a Landlord
Being a landlord for the first time can be overwhelming. You might feel everything is against you. Regulations, regulations, regulations. There are rules to becoming a landlord but done properly it can make life easier for you, your tenant and your property management company.
Furniture and furnishings
There are strict regulations about fire-resistant furniture where you are renting out a property to a third party and you can find guidelines at Furniture and Furnishings Fire Safety Amendment Regulations 1993.
You would have had to have buried your head in the sand if you are not aware of gas safety rules and regulations. The biggest risk is faulty equipment and services resulting in gas explosion or carbon monoxide poisoning. It is required by law that landlords service all gas-related equipment on a regular basis and this needs to be recorded for the tenants. CityZEN can organise a full gas safety inspection on your behalf.
Tenancy agreement and inventory
From the start these two documents form the basis of your agreement with the tenant and it’s crucial these are correct. CityZEN property management will be able to help and guide you with all aspects of these documents.
When a tenant moves into a property they will pay a holding deposit to protect the landlord from damage other than general wear and tear.
This deposit is held in a Tenancy Deposit Scheme which is a practice introduced by law to protect both tenants and landlords in cases of dispute. CityZEN are members of the TDP (Tenancy deposit scheme).
Being A Landlord: Tenant rights and responsibilities
The Assured Shorthold Tenancy Agreement (AST) aims to cover all the rights and obligations of both landlord and tenant. This details precisely those obligations as the law dictates and is a tried and tested agreement. CityZEN will prepare this document prior to the start of the tenancy.
As in any walk of life a landlord must abide by the legal regulations governing discrimination based on disability, race or gender.