Ask The Experts

Yes, you may be liable to pay tax on your rental income and further details can be found on the HMRC website. If you are going to be overseas, you will need to complete form NRL2 for approval to receive your rental income without tax deducted, otherwise your agent must deduct the tax at the basic rate and account to HM Revenue & Customs (HMRC); if your tenant is going to be paying the rent direct to you, then your tenant must deduct the tax and account to HMRC.

If you have a fixed term tenancy, unless there is a mutual break clause, your tenant will be able to stay in your property until the end of the fixed term and you will need to serve notice at least two months before the end of the tenancy, advising that you require possession at the end of the fixed term. Any request to leave prior to the end of the fixed term would have to be negotiated with the tenant which, if we are managing the property we can do on your behalf.

Where we are managing a tenancy for a landlord we will carry out periodic inspections to check that the property is being looked after and to also check if there are any issues that need attending to. We will provide a photographic report highlighting any areas of concern. These are typically carried out every six months.