Maintaining Your Rented Property
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 03/16/12 -- In the current economic climate, rented properties are an increasingly profitable investment as people let for longer while saving for a property of their own. As a landlord, it's vital to take out dedicated landlord insurance - as opposed to ordinary home and contents insurance - in order to protect your property. If you're not adequately insured, you may find yourself viable for additional costs if something goes wrong - even if it's not your fault.
Household emergencies happen frequently, so it's best to safeguard your investment. Here are five ways to protect your property and maximise your economic returns:
Ensure all gas appliances are safe
The Gas Safety (Installation and Use) Regulations 1998 require landlords to provide gas appliances that are safe. You must have all equipment checked by a Gas Safe Registered engineer and obtain an annual CP12 certificate to prove your appliances have been inspected. Failure to comply can lead to a costly fine and may result in your property being empty for a prolonged period of time, rather than occupied by paying tenants. It is best practice to ensure all tenants have been instructed how to use the appliances in your property and are provided with the number for an emergency technician.
Fit smoke alarms
According to figures released by London Fire Brigade, six out of 10 people who died in fires in 2009 had no smoke alarm fitted in their home. Smoke alarms are life-saving devices, and it is essential to install one on every floor of your property. Ask your tenants to test them weekly to ensure they are working and reliable. Some fire and safety services will even fit the alarm for you, so don't hesitate to seek help and advice.
Protect against thieves
Install locks on every door and invest in door chains for extra security. Put padlocks on sheds, garages and gates and make sure the relevant keys are provided. Consider double-glazing, if you can, and install a burglar alarm at the property. Whilst these may seem like unnecessary expenditures, such precautions can help bring your insurance premiums down and protect your investment in the long term. Agree that should tenants lose a key, they will contact an emergency locksmith to have all locks replaced as soon as possible. Consider including it as a contract in the Tenancy Agreement - this will both protect your property and ensure the tenants remain vigilant.
Maintain the Property
Tenants have the right to live in a house in a good state of repair, so make sure everything is working properly. As you will not be living in the property as owner, arrange for regular drain repairs and services to pre-empt any problems before they occur. Fix faulty electrics as soon as you notice a problem and make sure the boiler is serviced annually. If problems occur with the plumbing or pipes, call in a for professional help. Smartening up the exterior of the house by installing new windows and doors can increase the security of your property and make it more attractive to potential tenants.
Contacts:
Sutherland House
Maple Road, SURBITON, Surrey
KT6 4BJ
020 8481 2200
020 8481 2288 (FAX)
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Datum: 16.03.2012 - 04:00 Uhr
Sprache: Deutsch
News-ID 1093506
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