London Buy to Let Property: Top Eight Documents Needed for Tenancy of Your Property.

 

Tenancy Agreement  

This will most likely be an assured shorthold tenancy agreement (AST) for most tenancies. Tenancy agreements are usually provided by letting agents (at an additional fee usually payable by the incoming tenant). Tenancy documents should include the rent, tenancy term also the liabilities and obligations of the landlord and the tenant.

 

Tenancy Deposit Scheme Addendum

 Addendum to the tenancy agreement to include which tenancy deposit service will be used. This will be one of the three following services:


Energy Performance Certificate

EPC’s are required following the implementation of the Energy Performance of Buildings Regulations (2007/991), otherwise a £200 fine may be charged.


Gas Safety Certificate

Gas Safety Certificates are also required following the implementation of The Gas Safety (Installation and Use) Regulations 1998.

 

Property Inventory

This is a full list of all items included in the premises and a note of the condition of the property. This is important for the landlord and tenant to have record, should there be any dispute in relation to damage to the property during the tenancy period.

 

Check-In/Check Out Report

This is related to the Property Inventory and makes a note of all general conditions of all items in the inventory.

 

Tenant reference

Most letting agents have access to systems to check the credit history of tenants. If no tenant history can be obtained, the payment of rent in advance is usually required.


Manuals and instructions

Helpful to provide any manuals and instructions for appliances. However this is not always possible, particularly if a property has been bought with pre-exisitng fittings for appliances as a buy to let or have been misplaced during previous tenancies.