letting agents maidenhead appletons on 14 Mar 2007 11:44 pm
Lettings FAQs
Lettings related Frequently Asked Questions (FAQs)
In order to help our prospective landlords and tenants, we have collated some questions we get frequently asked. If this list does not cover your question, please do not hesitate to contact us at info@appleton-estates.com.
What is an Assured Shorthold Tenancy (AST)?
Unless otherwise stated, nowadays all residential premises are let on Assured Shorthold Tenancies. An AST must be for a fixed term; usually a minimum of six months.
Unlike the previous forms of tenancy, AST allows landlords to charge a full market rent. Moreover AST allows landlords to let their property for a short period only and to get it back if they wish after 6 months.
Who is responsible for council tax, water rates and other utilities?
Unless otherwise stated, the tenant becomes liable for payment of utility bills. Once the tenancy agreement is signed, we inform all the utility companies and provide meter readings.
What referencing and credit checking facilities are available?
We employ the services of an independent credit agency.
Am I liable to pay tax on my rental income received?
Rental income is subject to taxation. Whilst we are able to give an overview of any tax implications we do recommend that you seek advice from an accountant or your tax officer.
What is the legislation regarding furnishings?
It is an offense to supply soft furnishings which do not meet fire resistance standards and do not carry permanent labels to that effect. Soft furnishings includes mattresses, divan bases, upholstered sofas/chairs and cushions. Curtains and carpets are not included within the regulations. Furniture with upholstery manufactured prior to 1950 are exempt.
Do I need consent from my bank/building society to let my property?
The terms of your mortgage may require you to seek the lender’s consent prior to letting your property. Mortgage lenders tend to have different criteria and, therefore, we strongly advise you to check your circumstances with your mortgage lender.
What insurance options do I have as a landlord?
We can refer you to insurance companies that offer a range of insurance products tailor-made for residential letting together with Rent Guarantee and Legal Expense Cover.
