Landlord Services: When To Save And When To Splurge!
The tailor-made approach that we pride ourselves on at Taylor & Co allows you, as a landlord, to pick and choose which products you need and which you can do without. Our landlords can relax, safe in the knowledge that if a service that is not already selected becomes too much of a strain, we can take over at any point.
We pride ourselves on being transparent and honest; we want the best for our clients and we are well aware, with our years of experience in the field, that everybody's needs are different. Some landlords like to be responsible for the majority of demands that come with renting out a property, others like to have the whole process dealt with by an agent, while some prefer a mix-and-match approach.
Below, we've evaluated which services we feel need to be completed by a professional and which services you are able to do yourself to keep your costs low, if you choose.
We usually recommend that this is completed by an agent to ensure that you comply with all of the current legislation. Legislation surrounding the private rental sector regularly changes, so although tenancy agreement templates can be found online we would never recommend that these are used as they may not fully protect you as a landlord.
Right to Rent Checks
A right to rent check needs to be completed for anyone who is a potential tenant. As a landlord it is a legal requirement for you to ensure that any potential tenants have the right to live in the UK before letting a property to them. Most agents will do this for you as part of their referencing process. However, it is possible to complete this check yourself by following the government guidelines which can be found here: https://www.gov.uk/check-tenant-right-to-rent-documents/how-to-check
Schedule of Condition Report
A schedule of condition report is a report noting the condition of the property at the start of a new tenancy and, at the end of the tenancy, is basis for which any deposit deductions can be made. Although it is possible to complete your own schedule of condition report, inventory clerks are fully trained in what to look for and how to provide detailed notes on the condition of the property. They also have the added bonus of being independent which can help if there are any deposit disputes at the end of a tenancy.
As with a schedule of condition, references can be collected by a landlord themselves. We usually recommend that employment details (including salary) are verified and a previous landlord’s reference is collected. As agents we also conduct a credit check on applicants to check there are no outstanding debts or bad credit. Although tenants can sometimes provide their own report if requested, it is always worth running your own check to be safe!
We hope you found this useful! If you would like any further advice, please feel free to contact our friendly team on
01747 416 516.