Landlords – Get Ready For End of Tenancy Action

It is best to be proactive as a landlord, so make sure you prepare for an end of tenancy as best you can.

If you want to make things simpler as a landlord, it is best to be prepared. The end of a tenancy can be a challenging process, and landlords have a lot to consider. While a landlord wants to ensure the tenant leaves the property on good terms and with the property in excellent condition, it is likely that they are also keen to bring a new tenant into the property.

Void periods are harmful to landlords, so should be avoided at all possible. Preparing for an end of tenancy helps a landlord manage their property and minimise turnaround time in welcoming a new tenant to the rental property.

Be prepared for the handover process

Hopefully, the end of tenancy will be a straightforward process with both parties agreeing on a date. Landlords should try to communicate with tenants throughout the rental period. Excellent communication creates a better relationship during the tenancy, but it can also lead to a smooth handover process.

If you have developed a positive relationship with the tenant, it is more likely they will leave the house in a clean condition. Landlords should have a copy of the initial inventory and arrange a viewing of the property where the landlord should:

• Review the property for any damage about the inventory’s stated condition
• Collect keys
• Agree, if possible, how much of the deposit will be returned to the tenant and in what time-frame

Landlords should be wary of actions that may lead to confusion regarding the end of a tenancy. If a landlord isn’t happy with the condition of the property, accepting the keys may be viewed as acceptance. Also, if any agreement occurs at this time, create a written agreement, with all parties receiving a copy.

Many landlords have found that a verbal agreement at this stage causes problems at a later date. There may be a misunderstanding as opposed to any mischief from the tenant, but written agreements create confidence and assurance at the end of the rental period.

Have you used a deposit protection scheme?

If you are in a position to return the deposit to the tenant, do this as quickly as you can. If a Government-backed scheme protects the deposit, contact the administrators of the scheme and inform them of the status of the tenancy.

If there is agreement on the amount to be repaid, the scheme will pay you and the tenant within ten days, or you may be required to pay the agreed amount to the tenant and then inform the administrators of the scheme. If it hasn’t been possible to agree on a settlement, it is possible to refer the deposit amount for deposit amount can be referred for arbitration, and the scheme administrators should be informed.

The end of a tenancy can be a worrying time for a landlord, but help is available. We will ensure your property is vacated in the right manner, providing you with the ideal platform to welcome new tenants. When you need support in operating your rental business, contact Ariston Property, and we will be more than happy to assist you.