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A Short Guide to Letting in Glasgow
Interested in letting in Glasgow? Here’s what you need to know.
Buy to let in Glasgow is booming, with demand for rented homes soaring in recent years. Scotland’s biggest city remains an attractive option for students and young professionals, and properties are being built in prime locations targeted at these demographics.
According to ECA International, this has driven up rental prices, with Glasgow seeing the highest increase in the UK over the last year.
So, if you’re a first-time landlord interested in letting property in Glasgow, read on for Cairn’s most important info, tips, and advice.
4 Things You Need to Do When Letting in Glasgow
1. Register with the local council
When renting out properties in Glasgow, you have to register with the local council. Registering your property before letting it ensures it meets the minimum legal requirements.
Keep in mind that if you rent out a property before registering with Glasgow City Council, you could face a hefty fine (up to £50,000). To apply for landlord registration, contact the local housing department or visit the Scottish Landlord Register website.
2. Find suitable tenants
Finding reliable tenants who will pay rent on time and respect your property is one of the most important aspects of a successful buy-to-let in Glasgow. However, you won’t secure good tenants by accident. Marketing your property will make it more attractive, with appealing visuals giving it the edge over others in the area.
A local letting agency in Glasgow can help you market your rental property effectively, helping you find and secure suitable tenants quickly.
3. Understand your responsibilities
As a landlord in Glasgow, you have a wide range of responsibilities. As well as drawing up a tenancy agreement and securing the deposit in an approved tenancy deposit scheme, you’ll need to:
- Arrange an Energy Performance Certificate (EPC); for advertising.
- Ensure your property meets the Repairing and Tolerable Standards at the start and throughout the tenancy.
- Meet safety requirements such as installing smoke alarms and carry out a gas, electrical and water system checks.
- Pay overseas landlord tax (if applicable).
- And maintain the property’s structure and exterior.
You’ll also need to carry out common repairs within the property. Although your responsibilities as a landlord can seem overwhelming, a letting agency can carry out many of these duties on your behalf, making life so much easier for you!
4. Deal with disputes promptly
When letting out properties, disagreements happen. For example, perhaps a tenant wants you to repair or replace something, and you don’t think it’s your responsibility.
Whatever the reason for the dispute, you’ll need to find a way to deal with it quickly. If you can’t resolve the issue by talking to your tenant, you may consider getting advice from the Citizens Advice Bureau (CAB), the Legal Services Agency, or your solicitor.
Many people find dealing with tenants disputes one of the toughest parts of being a landlord. This is why many choose to work with a local letting agency. Having the support of an experienced and qualified property manager with a vast knowledge in the Repairing and Tolerable Standards, as well as a landlords responsibilities will take the stress and worry away from dealing with any difficult disputes.
At Cairn, all our staff are fully qualified to ensure they can handle and resolve any disputes quickly and efficiently to the landlords and the tenants satisfaction.
Letting in Glasgow with Cairn Property
Buying and letting out Glasgow properties can be a fantastic investment, with increasing demand for homes and rising rental prices making it an attractive prospect. However, there’s a lot to consider when renting out a property in the city, with many responsibilities placed squarely on a landlord’s shoulders.
Fortunately, a local letting agency (like Cairn) can handle many of these duties, from finding the right tenants to making sure you’re complying with your legal obligations.