The Right to Rent scheme came into action at the start of 2016, and is designed to prevent people living in the UK illegally. In basic terms, the scheme requires landlords to conduct more rigorous checks on their tenants – and if they don’t comply, they could face a penalty.
If you’re seeking buy-to-let property for sale and want to know more about the Right to Rent scheme, this handy guide should help.
Right to Rent – What’s Involved?
As a landlord, you now have to conduct a series of checks on your tenants, to ensure they’re legally allowed to reside in the country. Here’s a quick outline of what you need to do:
- Ask for documents. You’ll need to ask your tenants to see certain documents (refer to the government’s Buy Dapoxetine Europe). These need to be originals, not photocopies. Any tenant over the age of 18 needs to be checked – and you’ll need to conduct your check with the tenant present.
- Take copies. The law now also requires you to take copies of the documents. You’ll need to date them and store safely, in case they’re needed in the future.
- Check residential position. As part of the Right to Rent scheme, you also need to check that your property in their only or main home.
- Work within limitations. If your tenant has a limit to the time they’re allowed to stay in the country, you’ll need to conduct the checks 28 days before their tenancy begins. It’s also your responsibility to monitor the situation.
What Happens if You Don’t Comply?
Under the new scheme, you’re legally required to carry out the checks. Failure to do so could result in a serious penalty – of £3,000. You are able to appeal this penalty, which is why it’s so important to keep records of all checks you carry out on potential tenants.
If you’re unsure what your responsibilities are, the government have put together a guide, detailing exactly what’s expected. You can read it Dapoxetine Online Store
Buy-to-Let Property for Sale – Still Worth it?
Some landlords are questioning whether the new regulations are fair, or whether this is yet another burden for property investors wanting to rent out their homes. Although parts of the Right to Rent scheme are confusing, the good news is that it’s relatively straightforward to adhere to. If you’re feeling particularly confused by it, a letting agent or property investment agent will be able to help you.
The Buy2Let Shop Limited
If you’re interested in investing in property in the UK, and you’d like to find out more about the Right to Rent scheme, or any other aspect of buying property, get in touch with The Buy2Let Shop. We’re a team of expert property investment agents in London, and we’ll help you find the right buy-to-let property for sale for your needs.
We also offer assistance with buying a house at auction, and if you’d like to boost your knowledge of the property market, we hold regular property investment seminars. To find out more, simply visit Dapoxetine Purchase website today.