Make your investment work for you and relax
What are my duties as a landlord in relation to gas safety?
As a landlord, you are responsible for the safety of your tenants. The Gas Safety (Installation and Use) Regulations 1998 deal with landlords’ duties to make sure gas appliances, fittings and flues provided for tenants are safe.
You are responsible for the maintenance and repair of flues, appliances and pipe work which you own and have provided for your tenants use by a Gas Safe registered engineer . Although there is no prescribed time frame for these duties, good practice would be the demonstration of regular, annual maintenance checks and subsequent repairs.
You are also responsible for ensuring an annual gas safety check is carried out within 12 months of the installation of a new appliance which you provide and annually thereafter by a Gas Safe Registered engineer. You must keep a record of the safety check for 2 years and issue a copy to each existing tenant within 28 days of the check being completed and issue a copy to any new tenants before they move in.
Important Information all landlord & Developers should know
I bought an investment property with my son and his girlfriend. I invested all of the deposit on the house. My son broke up with his girlfriend 5 years before we sold the house. When we sold the house because her name was on the deed she got a third of the profit. Now I set up all my investment under a PLC, with each investors duties and responsibilities and shares payout.
- John Taylor
I used to rent my property to normal high street estate agent. To be honest I got the market rental price of the property and I was happy, I received £300 above my mortgage pay out monthly. I had my property assessed with PIP estate agents. Over the last 4 and a half years. 2 years I my property rented to a film company & received £900 above my mortgage pay out monthly. Currently over the last 2 & a half years. I have rented to corporate companies through PIP & received £800 above my mortgage monthly. Could not be happier