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Matt Cullum lanlord blog will provide regular market updates on the property industry.

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In this guide for landlords we will be talking about the many issues the landlords face in the marketplace. When buying a property for rental you will effectively become a landlord and have to adhere to certain responsibilities and legal requirements. Some of these include safety standards such as smoke alarms being installed on each floor of the property, carbon monoxide detectors being placed in rooms, gas safety certificate certificates, electrical devices being safe for use, water supply work in property and many more. And energy performance certificate is also something that needs to be at least an a rating for each property and breaches can cause penalties of up to £4000. Protecting the tenants deposit is also key and you must be registered with the approved deposit protection scheme. Any landlord which does not adhere to this rule can be fined and it's a key consideration to protect the deposit of the tenants.

Accessing the property is a also a key area that should be considered and if access is an issue this can cause you problems from a regulatory point of you. Repairs to the properties must be kept regular and any issues that tenants face should be met with extreme focus, any complaints by the tenants to official bodies can cause you extreme issues going forward.

The Matthew Cullum property blog will try to provide key tips for landlords in all areas including a checklist for landlords and also rental yield versus capital gains tips as well. How to get your rental property assessed for an EPC is also a key area and your rights for inspecting are viewing a property as the landlord is another area that will be covered. To help landlords prepare for a new tenancy we have also come up with a checklist which should be used as it involves important aspects of the pre-tenancy process.

Your rental yield is perhaps the most important area which should be looked at as this will determine whether project is viable viable or not. Rental yield is one of the most important considerations for landlords and deciding whether to rent a property or not will be the most important decision at any stage. As a landlord whether you are considering investing in a new property or looking to build on existing portfolio how you calculate a rental yield is extremely important. We will be looking at the best rental yields in all areas of the UK going forward and we will be publishing information on certain areas and what that rental yield could be. Please register for the Matthew Cullum property plug for more information in this area and regarding landlord portfolio building. 

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