I'm about to be a first time landlord - what are my responsibilities?

[SerialStudent]

Renting out my property to a close family member.

I am sure I have legal responsibilities - like gas safety checks.

Could someone please advise me of other responsibilities and considerations I need to have.

Thanks

Gas safety check.
Register deposit with a government scheme.
Landlord's insurance.
Make sure mortgage lender is ok with you letting it out.
Any void periods you pay council tax and utilities.
Can't think of any more..

Oh yes,a contract.Short hold tenancy.
Can buy from WHSmith for about £15.
Even if they are family it is a good idea.
Set out how you will hand the property over as they will need to give it back the same ie if you have it professionally cleaned and steam clean the carpets,so should they when they move out.
Get an inventory done with photos if possible in case there is anything missing or damaged at the end of the tenancy.
Also,you will need to pay tax on the income so keep good records.An accountant can be useful here as they will let you know what you can claim against tax but it's roughly interest on mortgage repayments and 10% per year of rental profit for wear and tear.

Electric Safety check/certificate

Energy Performance Cerificate?

(I clicked on this thread because I misread the title for "I'm about to become a first time time lord..." sorry I can't help .)

gas safety certificate.
wear and tear repairs eg carpets wearing out.
boiler maintenance

all the stuff listed, plus maintenance of everything else. Protecting the deposit in an approved scheme.

declaring income to the tax man (there are a lot of deductibles but you must keep proper accounts and receipts)

and if your close family member decides not to pay rent and not to leave, you've got the legal expenses of getting them out.

You are responsible for the fabric of the building, so roof, walls, doors, windows and structure of the floors. make sure you have enough and the right insurance.

I think you are also responsible for providing a working sanitory system and cooking facilities eg if the cooker breaks you have to replace. However i don't think you have to provide fridge, freezer, washing machine, or tumble.

It might seem like a faff but DO the paperwork. If something goes wrong, you'll need it.

Check out RLA (residential landlords association) website. I believe you can get a good and up to date AST for free by just registering. Please take advice from an accountant as this is a business in tax terms. You need to ring fence the operation financially so you can provide financial accounts in due course. Also please make yourself aware of the Capital Gains Tax implications if you intend letting the property for a few years or you may get a surprise bill off the Revenue when you eventually sell. Above advice is good ref EPC, Periodic Electrical safety Cert and Landlords Gas Safety Cert. Deposit has to go into a protected scheme within 30 days of tenancy starting. Make sure you have appropriate insurance and consent from the mortgage co if you have mortgage on the property.