All landlords in Northern Ireland have to submit their details to a central register. Landlords of Houses in Multiple Occupation also need to register with the Housing Executive. Landlords should also consider joining an organisation that can provide professional support and advice to landlords.
You must supply all tenants with certain information relating to their tenancy. Failure to supply these documents, in the correct format, within a specified period of time can result in a conviction and fine.
Any deposits taken on or after 1 April 2013 must be registered with an authorised Tenancy Deposit Protection Scheme administrator. Deposits taken before that date don't need to be registered with one of these schemes.
Your tenants have a legal right to know your name, address and telephone number. If you have paid for the services of an agent, but your tenants have decided to contact you directly, you should talk to your tenants to find out why. The agent may not be providing the services you are paying them for or may not be carrying out their legal obligations.
If you're receiving rent in return for accommodation you are a landlord. You may have lodgers living with you in your home, you may just be renting out a property until the housing market improves, but either way there are certain steps which you are legally required to take.
When a tenant is late with rent or hasn't paid, it can have a huge effect on your own finances. Contact your tenants as soon as possible to discuss any arrears, as there may be a valid reason for them.
There are a number of things you must consider before deciding to become a landlord. There can be a lot of initial expenditure and you will need to be able to dedicate a certain amount of time to your new business.