Tenancy deposits and moving in
Once your property has been advertised and you've chosen a tenant you're happy with, you have to deal with the paperwork and deposit.
Give a copy of the tenancy agreement to your tenant and keep one for yourself. Make sure all the copies are signed by everyone.
You should also give your tenant a copy of the Tenant Information Pack, either on paper or digitally. Ask them to either sign a receipt or reply to you by email saying they've received it before the moving in day.
You should also give your tenant:
- an Annual Landlord Gas Safety Record certificate
- the Energy Performance Certificate
- electrical safety certificates
- information on how to report repairs and emergencies
Rent and deposits
Before the tenant moves in, arrange the deposit and the first rent payment with them.
If you collect a tenancy deposit, it must be lodged with a third party tenancy deposit scheme. The scheme protects your tenant's deposit until it's due to be repaid.
There are 3 schemes you can register with:
You have to do this within 30 working days of the tenancy starting.
You should also tell your tenant which Tenancy Deposit Scheme their deposit is in and the other information you are required by law to provide. This will help sort out any disputes when the tenancy ends.
Telling the council
Once all the paperwork is signed, give your council your tenant's details and their moving in date.
Let your tenant know the council has their details for council tax purposes, and tell them what council tax band the property is in so they know how much to pay.
Moving in day
On the day the tenant is due to move into the property, there are some final steps to take. You should:
- hand over the keys to the tenant
- collect the signed receipt for the Tenancy Information Pack if you haven't got it already
- show the tenant where the stopcock is to turn off the water supply, how to turn off the electricity and how to reset the electricity if a fuse blows
- give the tenant a copy of the inventory and ask them to return it, signed, with any changes or additions
- arrange to visit in a few months to make sure the tenant is settling in and there are no problems