If you wish to let your property at Regent Square in London, it’s important to observe all of the letting requirements, terms, and conditions entailed in your lease. You will find a useful summary of these requirements below. Failure to comply with these provisions could make the letting illegal and be in breach of your lease. This could cause you difficulties with any insurer, mortgagee or when later trying to sell your property.
Letting Your Property
When it comes to your property, certain actions are prohibited unless you have first obtained written consent from Eastways Management Ltd, including:
- Letting All or Part of Your Flat
- Parting with Possession of Your Flat
- Licencing Another Party to Use the Flat
- Using the Flat as Anything Other Than a Private Residence Used by a Single Household
Considering Your Fellow Owners
You are responsible for the behaviour of anybody that you allow to use your flat. With this in mind, you may not do (or allow anyone else to do) anything which is an annoyance to other owners or occupiers. This includes noise pollution and other poor conduct.
Obtaining Consent
You must obtain our consent to any letting or licence by providing the completed forms, information, and fee set out on our website before anything is agreed.Failure to comply with any lease requirements would be a breach of your lease, which could mean you are not covered by the block building insurance. This will also put you in breach of your mortgage which will become costly and difficult if you wish to sell or re-mortgage your home at a later date.
Additional Letting Requirements
In addition, specific legal requirements when letting include:
- Obtaining an Electrical Installation Certificate
- Providing an Energy Performance Certificate
- Installing Smoke Alarms
If you fail to meet these requirements, there is a penalty charge of up to £5,000. Please note that there are other requirements that landlords must comply with.
Insurance Regulations
Our insurers have suggested that we notify owners that where a property is rented out, you must abide by all relevant legislation, including:
- The Landlord and Tenant Act
- The Smoke and Carbon Monoxide Alarm (England) Regulations
- The Housing Act, including but Not Limited to:
- Fixed Wiring
- Smoke and Carbon Monoxide Detectors
When you become a landlord, you must take legal advice to ensure you comply with all your obligations, in order to avoid facing prosecution. Failing to comply with any requirements may also mean you will not be covered by the block building insurance.