If you are a private landlord, you need to understand that by letting your property to a private tenant you are creating a legal relationship between both of you. In spite of how informal you might intend the arrangement to be, both of you are bound by certain private renting laws. The law clearly defines your rights as a private landlord as well as those of your private tenants. However, most landlords are usually unaware of their rights except those of their tenants. If you too are not aware of them, you need to consult a property attorney who specialises in this area to help with private renting advice. Alternatively, you could find out about these yourself by researching online or visiting a local library. Here are a few things you should know:
Right to Entry
Private renting laws state that you and your agents have the right to enter your property but only under these circumstances;
- At any time during times of an emergency.
- At reasonable times for inspection, cleaning or making improvements as long as you deem that necessary.
- Upon 2 days oral notice to show the property to a potential renter or buyer.
Right to Choose Tenants
As a private landlord, you have a right to choose renters, but the manner in which you do this must conform to the law. Even though you can decide not to let in a tenant with a bad credit history, you cannot decide whether or not someone qualifies based on their source of income. Also, you can refuse applicants based on their eviction history but not on their physical or mental disability.
Right to Have Your Property Protected By the Tenant
The tenant must undertake all the appropriate measures to look after your property during occupancy. They should try as much as possible to prevent wear and tear on your property. If they fail to do so and cause damage on it, you are entitled to adequate compensation by them.
Right to Collect Rent Regularly
This is your most fundamental right. Just like other landlords, you are entitled to receive regular rental payments as stated in the agreement. However, you are not entitled to increase the amount without a prior notice. In most cases the duration must not be less than 90 days. However, this might vary from state to state hence it’s imperative that you work with a property attorney to help with property renting advice regarding the adjustment of rent and other recurring service charges. If the tenant does not make regular rental payments, you have a right to start a legal process through which to terminate the rental agreement.
While renting to a beneficiary of Housing Benefit is considered high risk, it is actually not as risky as it may seem. With the right property renting advice, you can make a lot of money renting to this category of tenants. The private renting DSS (Department of Social Security) releases a lot of money every year to pay for the accommodation of these beneficiaries.