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How to Handle Lease Extensions and Renewals: A Landlord’s Guide

How to Handle Lease Extensions and Renewals

Whether you’re managing a single property, or you have a larger portfolio, knowing how to handle lease extensions and renewals is one of the simplest ways to protect your income, avoid legal trouble, and keep good tenants in your rental property.

Yet many landlords overlook this area until the last minute, leading to avoidable stress, gaps in income, or unintended rolling tenancies. Our guide breaks it all down in plain English, so if you’re a landlord in Peterborough, our team at PTL Lettings is here to help you stay ahead with how to handle lease extensions and renewals like a pro.

What’s the Difference Between a Lease Extension and a Renewal?

Before you decide how to move forward with your tenant, it’s important to understand how lease extensions and renewals differ. It’s easy to mix them up, but there are key legal and practical differences between the two, and choosing the right one can make a big difference to how smoothly things go.

  • A lease extension keeps the current tenancy agreement (AST) in place and simply updates the end date. The original terms and clauses continue.
  • A lease renewal ends the existing agreement and replaces it with a new one, often updating the rent, responsibilities, or fixed term.

Understanding the difference helps you choose the best option for your property strategy, especially if you’re planning a rent review or thinking about selling soon.

When Should You Start the Process?

Timing is everything when it comes to how you handle lease extensions and renewals. Leave it too late and you risk falling into a periodic tenancy (rolling monthly) by default. Worse still, your tenant might feel rushed or uncertain about their living situation. Ideally, start the conversation three to four months before the tenancy end date. This gives both sides time to consider the options, negotiate any changes, and get the paperwork sorted without pressure.

This forward planning helps avoid:

  • Unexpected periodic tenancies that limit your control
  • Unnecessary voids or tenant turnover
  • Legal issues due to short notice or unserved documents

A clear timeline shows tenants that you’re professional and helps build a positive landlord-tenant relationship.

Key Legal Considerations for Landlords

Lettings laws shift regularly, and this year is no exception. As a landlord, you have specific legal responsibilities when handling renewals and extensions. Staying compliant protects your income and avoids disputes down the line. The main areas to watch include tenancy type, notice periods, and deposit protection.

  • Most tenancies are still classed as Assured Shorthold Tenancies (ASTs). Any changes need to stick within the rules for ASTs.
  • You must give the correct notice if you plan to end the tenancy – usually two months under a Section 21 notice.
  • The tenant’s deposit must stay protected in a government-backed scheme, even through renewals or extensions.
  • Rent increases or updated terms should always be agreed in writing.

These legal details can be easy to miss if you’re managing things solo, which is why many landlords choose to work with a trusted letting agent in Peterborough like us.

Why Should Landlords Consider Lease Extensions or Renewals?

If your current tenant is reliable, pays rent on time, and looks after the property, then renewing or extending their lease is often the best option. It saves you the time and cost of re-letting, gives your tenant more security, and helps you plan your income more accurately.

Here’s why many landlords opt to extend or renew a tenancy rather than start fresh:

  • You reduce the risk of empty periods between tenants
  • You secure your income for the months ahead
  • You create a better working relationship with tenants, which often leads to fewer issues
  • You get a natural chance to review terms, increase rent, or clarify responsibilities

It’s a win-win when managed properly.

Negotiating a Lease Renewal: Tips for Landlords

Not all negotiations need to be awkward. When handled professionally, tenancy renewal discussions can help set expectations, retain a great tenant, and even boost your income. It’s your chance to reflect on how the tenancy has gone and whether any changes are needed.

Here are some tips for making the process straightforward:

  • Check current rents for similar rental properties in Peterborough so you’re confident in your pricing.
  • Factor in tenant history because a respectful, prompt-paying tenant is often worth holding onto, even if you could get slightly more rent elsewhere.
  • Offer options , such as a six-month or twelve-month renewal, to suit different needs.
  • Be transparent about any rent increases or changes to terms, and give tenants time to consider

Good communication here can make renewals quicker and easier, without misunderstandings.

The Role of Letting Agents in Lease Management

Staying on top of lease expiries, tenant communication, and legal paperwork is time-consuming – especially if you own more than one property. That’s where a property management company in Peterborough like PTL Lettings can step in. We handle the admin, keep everything compliant, and ensure nothing slips through the cracks.

Here’s how we help:

  • Preparing and issuing new tenancy agreements or extensions.
  • Serving Section 21 or Section 13 notices correctly.
  • Reviewing rent levels in line with local market trends.
  • Managing signatures, deposit updates, and storing records.

If you’d rather spend your time on other priorities, outsourcing your property management is a good move.

Common Mistakes to Avoid

Even experienced landlords can make errors when it comes to lease renewals and extensions. These slip-ups can lead to disputes, legal problems, or even lost income. Here’s what to watch out for:

  • Not putting renewed terms in writing.
  • Forgetting to update the deposit protection scheme if the tenancy technically ends.
  • Assuming the tenant agrees to new terms without getting confirmation.
  • Letting fixed-term tenancies roll into periodic ones by default.

These mistakes are easily avoided with a little planning and the right advice.

Lease renewals and extensions don’t have to be complicated, but they do need your attention. Stay proactive, stay organised, and don’t be afraid to get help when you need it.

Contact our team at PTL Lettings today on 01733 555183 or email info@ptl-lettings.co.uk. As a trusted letting agent and property management company in Peterborough, we’re here to help you get the most from your investment.

In the meantime, we’ve answered some of your common questions about lease extensions and renewals.

FAQs

Can I extend a lease without creating a new contract?

Yes but always put it in writing. Even simple date extensions should be documented to protect both sides.

Do I need a property management company?

It’s not mandatory, but it’s often worth it. A local expert like PTL Lettings can save you time, prevent mistakes, and ensure compliance.

What happens if I don’t act before the lease ends?

The tenancy becomes a rolling periodic agreement, which gives less security and control over future changes.

Can I choose not to renew a lease?

Yes – but you must give the correct notice and follow current legal procedures.

How much notice do I need to give to change the lease terms?

Usually two months’ written notice is needed for rent changes or other major updates.

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How to Market a Rental Property in Spring

How to market a rental property in spring

Should you market a rental property in spring in Peterborough? Yes! The days are longer, natural light floods inside, and gardens begin to bloom, making properties look more appealing than at any other time of the year.

Tenant demand also tends to rise in spring, as people prefer to move when the weather is milder and before the summer holiday season begins.

However, with more properties becoming available, competition increases, so standing out from the crowd is essential to securing the best tenants quickly and avoiding void periods.

Making your property feel fresh, bright, and inviting when you market a rental property in spring is key to attracting interest, but there’s more to it than just taking good photos. Every aspect of marketing – from how the property is presented to how it is advertised – plays a role in securing tenants efficiently.

Here’s how to ensure your property to rent in Peterborough grabs attention and attracts high-quality tenants this spring.

1. First Impressions Start Outside – Make Kerb Appeal Count

The exterior of a property is the first thing prospective tenants see, and when you market a rental property in spring, outdoor spaces can be a huge selling point. A property that looks well-maintained from the outside gives tenants confidence that the interior will be just as inviting.

Here’s what to do:

  • Tidy up the front garden: Mow the lawn, trim hedges, and add colour with seasonal flowers in pots or hanging baskets.
  • Refresh the front door: If it’s looking tired, a fresh coat of paint can make a big difference.
  • Clean windows and pathways: Sparkling windows let in more light, while swept pathways create a tidy, well-kept feel.
  • Declutter driveways and entrances: Remove bins from view and ensure there’s no unnecessary clutter.

These small improvements make your property look inviting and well-cared for, making a great first impression on prospective tenants.

2. Let the Light In – Bright Spaces Sell Themselves

Spring’s natural light is one of the best selling points for any rental property. A bright and airy home not only looks more spacious but also feels more inviting. Maximising this natural light can significantly improve how a property is perceived by prospective tenants when you market a rental property in spring. A well-lit property feels more spacious, clean, and welcoming.

  • Clean all windows inside and out to remove winter grime and allow as much light in as possible.
  • Use lighter curtains or blinds instead of heavy drapes to let in more daylight.
  • Position any mirrors strategically to reflect light and create an airy, open feel.
  • Check all light fixtures to ensure they work, replacing bulbs with bright, energy-efficient ones where necessary.

3. A Thorough Spring Clean Makes a Lasting Impact

No matter how beautiful your property is, if it isn’t spotlessly clean, tenants will notice. A deep clean goes beyond the usual quick tidy-up – it’s about ensuring every inch is pristine and fresh. A clean property reassures tenants that it has been well cared for, making it more attractive in a competitive rental market.

  • Kitchens and bathrooms should sparkle: These are the most important rooms for tenants, so limescale, grease, and grime must be removed.
  • Fresh carpets and flooring: Steam-clean carpets, mop hard floors, and remove any stains to create a fresh and well-maintained look.
  • Declutter where possible: Clear worktops, remove unnecessary furniture, and create open, welcoming spaces.
  • Fresh scents add appeal: Light citrus or floral scents can make a property feel clean and inviting.

4. Refresh Décor with a Light and Airy Touch

Spring is a great time to make small updates to interior décor that make a big difference. Dark, wintery tones can make rooms feel small and less inviting, while light, neutral shades create a fresh and spacious feel. Subtle changes can make a home feel much more inviting and appealing to tenants looking for a fresh start.

  • Repaint where needed: Light, neutral colours like soft greys, whites, or creams appeal to a wider range of tenants.
  • Update soft furnishings: Swap heavy throws and dark cushions for light, pastel shades that reflect the season.
  • Introduce fresh plants or flowers: A vase of fresh flowers or a few houseplants can make a property feel homely and vibrant.

5. Highlight the Garden or Outdoor Space

If your property has any outdoor space – whether it’s a garden, patio, or balcony – now is the time to show it off. When you market a rental property in spring and summer, tenants will be looking for properties with pleasant outdoor areas where they can relax. For properties without private gardens, mentioning nearby parks or green spaces in your listing can make the property more attractive.

  • Mow the lawn and trim hedges to make the garden look well-maintained.
  • Add some outdoor furniture to help tenants visualise how they could use the space.
  • Power wash patios and paths to remove dirt and make the area look fresh.

6. Photography – The Key to a Great First Impression

Many tenants will search for a property to let in Peterborough online, meaning the photographs need to be outstanding. Poor lighting, cluttered rooms, or blurry images can lead to potential tenants skipping past the listing. High-quality images help your property stand out, leading to more enquiries and viewings.

  • Take photos on a bright, clear day to maximise natural light.
  • Capture wide-angle shots to show the rooms effectively.
  • Ensure rooms are tidy and staged to make them look their best.

7. Price It Right to Attract Serious Enquiries

Setting the right rental price is crucial. Overpricing can lead to fewer enquiries, while underpricing may result in lost income. Researching similar rental properties in your area provides a good benchmark for what tenants are willing to pay and attracts the best tenants.

A professional property management company in Peterborough like PTL Lettings can offer valuable insights into pricing, ensuring your property is competitively positioned in the market.

If you’re looking to market a rental property in spring, PTL Lettings can help you find the perfect tenants quickly. Get in touch today on 01733 555183 or email info@ptl-lettings.co.uk to start the process.

In the meantime, we’ve answered some of your common questions about marketing a rental property in spring.

FAQs

Why is spring a good time to market a rental property?

Spring is a popular moving period for tenants, and properties naturally look more appealing due to better weather and longer daylight hours.

How can I make my rental property stand out from others?

Focusing on kerb appeal, maximising natural light, refreshing the décor, and ensuring high-quality marketing photos can make a significant difference.

How important is professional photography?

High-quality photos are crucial for attracting interest online. Well-lit, professionally taken images can lead to more enquiries and quicker lets.

How do I determine the right rental price?

Comparing similar properties in the area and seeking advice from a letting agent in Peterborough ensures the rental price is competitive.

Should I stage my rental property for viewings?

Yes, simple staging techniques – such as fresh flowers, soft lighting, and minimal clutter – can make your rental feel more welcoming and desirable.

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How Outdoor Space Can Increase Rental Income

How Outdoor Space can Increase Rental Income

If you’re a landlord in Peterborough, you’re probably always looking for ways to increase rental income while ensuring your property stands out in a competitive market. Many landlords focus on interior upgrades, but outdoor living spaces can be just as impactful – if not more so.

Did you know that a well-maintained garden, patio, or balcony can significantly enhance the tenant experience, making your property more desirable and justifying a higher rental price?

At PTL Lettings, we’ve seen firsthand how outdoor improvements can help our landlords attract quality tenants, reduce void periods, and command higher rents. So, if you’re looking for a cost-effective way to increase rental income, investing in your property’s outdoor space could be the solution.

Why Outdoor Living Spaces Matter for Landlords

When tenants search for property to rent in Peterborough, many prioritise outdoor areas, particularly those with private gardens, balconies, or even a small courtyard area. The ability to enjoy fresh air is important, especially as more people now work from home and are seeking additional outdoor spaces for relaxation.

Outdoor Living Spaces Attract Renters

Providing a well-designed outdoor area can make your rental property in Peterborough more appealing to a wider range of tenants, including professionals who enjoy socialising outdoors, families looking for safe play areas, and pet owners in need of secure outdoor space. Properties with attractive gardens can often increase rental income than those without, making outdoor improvements a worthwhile investment.

Tips for Maximising Outdoor Appeal:

  • Create a Functional Space : Tenants are more likely to pay extra for a property with a practical outdoor area. Consider adding comfortable weather-proof seating, a BBQ area, or a firepit to create a space for relaxation and entertainment.
  • Keep it Low Maintenance : Many renters prefer an ‘easy to care for’ garden. Artificial grass, gravel, or decking can reduce upkeep while maintaining a stylish appearance.
  • Enhance Privacy : Outdoor spaces feel more valuable when they offer privacy. Adding fencing, hedges, or trellises can create a secluded retreat, making the area more attractive to potential tenants.

You Can Extend Living Space Without Planning Permission

One of the key benefits of investing in outdoor areas is that you can effectively expand the living space of your property without needing to build extensions or get planning permission. Even a small outdoor improvement can make a rental property feel larger and more accommodating.

A simple patio or decking area can serve as an outdoor dining space, while a covered pergola or awning allows tenants to enjoy the area all year round, even in our unpredictable British weather! Adding a garden studio or summer house can create extra storage space or a dedicated workspace, which is particularly appealing to tenants who work remotely.

This additional functional space can make your property more desirable and justify an increase in rental value, particularly in areas where outdoor space is limited.

Tenants May Stay Longer – Reducing Void Periods

Void periods are one of the biggest concerns for landlords, as they lead to lost rental income and increased costs for property upkeep. A well-designed outdoor space can encourage tenants to stay longer, reducing turnover and the associated costs of finding new tenants.

Why Do Tenants Stay Longer?

  • A private garden or patio gives tenants a greater sense of ownership and connection to the property.
  • Families with children benefit from a safe, enclosed outdoor space where youngsters can play.
  • Tenants with pets are more likely to renew their lease if the property includes a pet-friendly garden.

Investing in an attractive outdoor area can help ensure long-term tenancies, providing landlords with a more stable and predictable rental income.

Outdoor Features: How to Target The Right Tenants

Tenants value outdoor spaces in various ways. So, by tailoring your outdoor improvements to suit your target market, you can increase the appeal of your rental property in Peterborough and attract tenants willing to pay a premium for specific features.

Ideal Tenant Groups for Outdoor Spaces:

  • Young Professionals : A stylish decked area, outdoor lighting, and modern seating arrangements can enhance the appeal for tenants who enjoy entertaining.
  • Families : Secure fencing, play areas, and low-maintenance lawns make outdoor spaces more suitable for those with children.
  • Pet Owners : Enclosed gardens, pet-friendly grass, and shaded areas can attract tenants who own dogs or cats.

If you’re marketing your property to let in Peterborough, be sure to highlight the outdoor features in your property listing to attract the right tenants.

Boosting Kerb Appeal for Faster Lettings

First impressions are crucial for your property to let in Peterborough. A well-maintained front garden or driveway can significantly impact tenant interest, making your rental feel welcoming and well-cared-for from the outset.

4 Simple Ways to Improve Kerb Appeal:

  • Paint fences, gates, and front doors
  • Add outdoor lighting to enhance security and aesthetics
  • Keep pathways, flower beds and potted plants well-maintained
  • Ensure clear access to a neat, clutter-free front garden

As an experienced letting agent in Peterborough, we recommend ensuring that your property looks inviting to attract high-quality tenants quickly.

Increase Rental Income with Simple Outdoor Upgrades

A well-designed outdoor space can lead to a significant increase in rental income. For example:

Outdoor FeatureEstimated Cost (£)Potential Rent Increase (£/month)
Patio/Decking£1,500 – £3,000£50 – £100
Artificial Grass£1,000 – £2,500£30 – £70
Garden Studio/Office£5,000 – £15,000£150 – £300
Outdoor Seating & Firepit£500 – £2,000£20 – £50

*Zoopla / Checkatrade / Homebuilding & Renovating

Please note that these figures are approximate and can vary based on factors such as location, materials used, and your specific property characteristics. While costs vary, even minor upgrades can help landlords justify a rent increase and improve overall tenant satisfaction.

Are You Ready to Enhance Your Property to Rent in Peterborough?

At PTL Lettings, we specialise in helping landlords maximise their rental income. Whether you’re looking for expert advice, full property management in Peterborough, or help in finding the right tenants, our experienced team is here to help.=

Call us today on 01733 555183
Email us at info@ptl-lettings.co.uk

Let us help you make your property work harder for you!

In the meantime, we’ve answered some of your common questions about rental properties with outdoor spaces.

FAQs

Do tenants really pay more for outdoor space?

Yes, many tenants prioritise properties with outdoor areas and are willing to pay extra for well-designed gardens, patios, or balconies.

What are the best low-maintenance outdoor features for rentals?

Artificial grass, gravel, and decking are excellent choices as they require minimal upkeep.

Can I charge more rent if I add a garden office?

Yes, properties with home office space are in high demand, particularly among remote workers.

What’s the best way to market outdoor spaces in my property listing?

High-quality photos and detailed descriptions of outdoor features will attract more tenant interest.

Can outdoor improvements reduce my property’s void periods?

Yes, a well-maintained outdoor space encourages longer tenancies, reducing the risk of vacancies.

Would you like tailored advice on improving your rental property? Contact PTL Lettings on 01733 555183 today!

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A Landlord’s Guide to Changing the Locks on a Rental Property in Peterborough

A Landlord’s Guide to Changing the Locks on a Rental Property in Peterborough

As a landlord, ensuring the safety and security of your rental property in Peterborough is paramount. Changing the locks on a rental property can be a crucial step in maintaining this security, especially between tenancies. This guide will walk you through why, when, and how to change the locks on your rental property. We will provide practical tips and highlight legal considerations.

Why Change the Locks?

Security Enhancements: The most obvious reason for changing the locks on a rental property is to enhance the security of the rental property. This ensures that only the current tenant and authorized people have access.

After a Tenant Moves Out: Once a tenant moves out, it’s wise to change the locks to prevent unauthorised entry. This is especially important if the previous tenant made copies of the keys.

Lost Keys: If a tenant loses their keys, changing the locks can prevent access by someone who finds the lost keys.

Damaged Locks: Wear and tear or damage can compromise a lock’s integrity. A replacement is necessary to ensure the property’s security.

When Changing the Locks on a Rental Property Should be Done

  • At Tenancy Turnover: The best time for changing the locks on a rental property is between tenancies. This practice ensures that new tenants start fresh, with no concerns about previous tenants having access.
  • After a Break-In: If the property has been broken into, changing the locks is critical to securing the premises. This also gives peace of mind to your tenants.
  • Upon Tenant Request: If a tenant requests a lock change for security reasons, consider their request seriously to maintain trust and ensure their safety.

Legal Considerations

Before changing the locks on a rental property, it’s essential to understand the legalities. Landlord-tenant laws are strict so it’s wise to check the AST (Assured Shorthold Tenancy Agreement).

  • Notice Requirements: Landlords will need to provide notice before changing the locks on a rental property, if a tenant is in situ.
  • Tenant Rights: Ensure that changing the locks does not violate tenant rights. Tenants are entitled to access their rental at all times.
  • Emergency Situations: In emergencies, immediate lock changes might be permitted. In this case it’s crucial to follow up with proper notice if required.

How to Change the Locks

Changing the locks on a rental property in Peterborough can range from a simple DIY project to hiring a professional locksmith. Here’s how to approach it:

  • DIY Lock Change: If you’re handy, changing the locks yourself can be cost-effective. You’ll need to purchase the new lock sets that match the door type and follow the manufacturer’s installation instructions.
  • Hiring a Locksmith: For more complex locks and to ensure the job is done correctly, hire a professional locksmith. They can also provide advice on the best types of locks for your property.

Choosing the Right Locks

  • Quality and Durability: Opt for locks that meet industry security standards and are known for their durability. BS3621 is the thief-resistant standard required for all external ground floor locks on residential properties.
  • Type of Locks: Consider deadbolts, electronic locks, or smart locks, depending on the level of security and convenience you want to offer your tenants.
  • Key Control: Look for lock systems that prevent unauthorised key duplication, adding an extra layer of security.

Best Practices

  • Keep Records: Document when locks are changed and keep a secure record of key distribution.
  • Regular Maintenance: Regularly check locks for signs of wear or tampering and address any issues promptly.
  • Tenant Communication: Communicate clearly with your tenants about lock changes. Provide them with new keys and ensuring they understand any new features or instructions.

Finally

Changing the locks on your rental property in Peterborough is a straightforward yet critical aspect of maintaining security and tenant safety. By understanding the why, when, and how, along with legal considerations and best practices, you can ensure that your property remains secure and that your tenants feel safe and valued.

Remember, the goal is not just to protect your property! You also want your tenants to trust you. Confidence will allow them to make your rental property a place they’re happy to call home.

For no-obligation advice on rental property management in Peterborough please contact our expert property team at PTL Lettings on 01733 555183 or email info@ptl-lettings.co.uk.

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Preparing Your Rental Property for the New Year Market

Preparing your Property for the New Year Market

During the festive season, landlords in Peterborough have the perfect opportunity to prepare their properties for the New Year rental market. January is a peak time for lettings, with tenants actively searching for their next home. Making small but impactful improvements during the Christmas holidays can help your property stand out. At PTL Lettings, we’re here to share some practical tips to help you attract tenants and secure a successful let.

Why January is Key for Landlords

January is a time of new beginnings, with many people relocating for work, education, or personal reasons. As a landlord, being prepared for this surge of activity can make all the difference. Prospective tenants prioritise properties that are clean, well-maintained, and appealing. Whether you’re working with a letting agent in Peterborough or managing the property yourself, preparing your rental property can help reduce void periods and maximise your rental income.

Simple Improvements to Make Over the Christmas Holidays

1. Refresh the Décor

A fresh coat of paint can work wonders in preparing your rental property and making it feel bright and inviting. Stick with neutral colours like whites, greys, or creams to appeal to a wide range of tenants. Remember that neutral tones make rooms look larger, cleaner and make it easier for tenants to visualise as their home.

2. Deep Clean Every Corner

Thorough cleaning is essential to create a welcoming atmosphere. Pay attention to areas that often get overlooked, such as skirting boards, behind appliances, and inside cupboards. Don’t forget carpets and upholstery too, and hire a professional cleaning service if necessary. Rental properties that are spotless leave a lasting impression on potential tenants.

3. Upgrade Energy Efficiency

With tenants increasingly prioritising energy-efficient homes, making improvements such as adding draught excluders, upgrading to energy-efficient appliances, or installing extra insulation can make your rental property in Peterborough more appealing. Not only do these upgrades reduce utility bills for tenants, but they can also add value to your property and demonstrate your commitment to sustainability.

4. Improve Kerb Appeal

First impressions count! When preparing your rental property, tidy up outside areas by clearing gutters, pressure-washing pathways, and adding potted plants or a new doormat. If you have a garden, make sure it’s neat and inviting – trim bushes, rake up leaves, and remove any clutter.

5. Check for Repairs

Address any maintenance issues that could put tenants off. Leaky taps, squeaky doors, or peeling wallpaper might seem like small issues but can leave a negative impression. A hands-on approach to repairs shows that you’re a responsible landlord.

Renting out your property in winter? Considerations for landlords.

Preparing Your Rental Property for Viewings

1. Declutter and Depersonalise

If your rental property is being let furnished, remove personal or overly bold decorative items. Minimalism helps tenants visualise themselves living in the property. Store any unnecessary items to make rooms feel more spacious.

2. Highlight Key Features

Identify what makes your property unique. Whether it’s a large kitchen, a cosy fireplace, or a balcony with a view, make sure these features are showcased in your property listing and highlighted during viewings.

Partner with a Trusted Letting Agent

Working with a letting agent in Peterborough ensures your property gets maximum exposure in the local market.

At PTL Lettings, we’re experts in matching landlords with the right tenants. Our team also offers comprehensive property management services in Peterborough, giving you complete peace of mind.

The Benefits of Being Prepared

Taking the time to improve your rental property in Peterborough over the Christmas holidays will help you attract tenants but could also justify a higher rent. Well-maintained properties also tend to attract responsible tenants, reducing the likelihood of late payments or disputes.

Are you preparing your rental property for the New Year market? Contact PTL Lettings today for expert advice and support. Call us on 01733 555183 or email info@ptl-lettings.co.uk.

Whether you’re looking to market a property to let in Peterborough or need help from an experienced and trusted property management company, we’re here to help.

In the meantime, we’ve answered some of your common questions about preparing your rental property for the New Year market.

Frequently Asked Questions About Preparing Your Rental Property

What are the most cost-effective improvements I can make?

Fresh paint, deep cleaning, and updating small fixtures are affordable ways to boost your rental property’s appeal.

Why is January such a busy time for the rental market?

Many people relocate in January due to work or personal reasons, making it one of the busiest months for lettings.

Should I furnish my rental property?

This depends on your target market. Students and young professionals often prefer furnished properties, while families may prefer unfurnished homes.

What are the benefits of working with a letting agent?

Letting agents help you find reliable tenants, manage paperwork, and handle day-to-day issues, saving you time and stress.

Can I increase the rent if I’ve improved the property?

Yes, making improvements can justify a rent increase, but ensure the new price aligns with market rates in Peterborough.

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What is an AST?

What is an AST?

An AST, or Assured Shorthold Tenancy, is the most common type of tenancy agreement between landlords and tenants in the UK. It is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property.

At PTL Lettings, we believe that understanding what is an AST is crucial to protecting both renters’ and landlords’ rights and obligations, ensuring a smooth rental experience.

Whether you’re a first-time renter or an experienced tenant, navigating the details of an AST can sometimes feel overwhelming. That’s why PTL Lettings is committed to breaking down the complexities of these agreements, so you can approach your tenancy with confidence.

By knowing your rights and responsibilities upfront, you can avoid common pitfalls and ensure you have a positive relationship with your landlord from the start. Let’s explore the key features of an AST and how they affect tenants.

Key Features of an AST

Fixed-Term vs. Periodic Tenancy

An AST can be set for a fixed term, typically six months or a year, or it can roll on a periodic basis (usually monthly) after the fixed term expires. During the fixed term, both the landlord and tenant are bound by the terms of the agreement. After this period, the tenancy can continue unless either party gives proper notice. At PTL Lettings, we can help you navigate these terms, whether you’re dealing with a fixed-term or periodic tenancy.

Rent and Deposit Protection

The AST agreement will specify the rent amount, when it’s due, and how it should be paid. Additionally, any deposit taken must be protected in a government-approved tenancy deposit scheme, such as the Tenancy Deposit Scheme (TDS), Deposit Protection Service (DPS), or MyDeposits. When working with PTL Lettings, we ensure that all deposits are securely protected in line with legal requirements.

Landlord’s Responsibilities

Under an AST, landlords must maintain the property in a good state of repair, ensure it meets health and safety standards, and provide necessary certificates, such as the Energy Performance Certificate (EPC) and Gas Safety Certificate. Our team at PTL Lettings ensures that all landlords meet these responsibilities, safeguarding your living conditions.

Tenant’s Obligations

As a tenant, you are expected to pay your rent on time, keep the property in good condition, and adhere to the terms of the agreement. This includes not causing nuisance to neighbours and seeking permission before making any alterations to the property. PTL Lettings assists tenants in understanding their obligations and ensures that communication between landlords and tenants is clear and effective.

What Happens When the Tenancy Ends?

When your AST reaches its end, there are a few possible outcomes:

Renewal of the Tenancy

If both parties are happy, the tenancy can be renewed for another fixed term, often with the same terms or with new conditions agreed upon. PTL Lettings can handle the renewal process, ensuring everything is in order for both parties.

Rolling Tenancy

If no action is taken, the tenancy automatically becomes periodic. This means that it continues on a month-to-month basis until either the tenant or landlord decides to end it. PTL Lettings provides clear guidance and support during this transition.

Ending the Tenancy

If you wish to end the tenancy, you must provide written notice to your landlord, usually one month for a periodic tenancy or as stated in the agreement for a fixed term. Similarly, landlords need to give at least two months’ notice if they want to regain possession, usually through a Section 21 notice. PTL Lettings is here to assist with the notice process, making it stress-free for both landlords and tenants.

Can the Rent be Increased During a Fixed-Term AST?

Rent increases during a fixed-term AST are usually only allowed if both parties agree or if the contract includes a rent review clause. In periodic tenancies, landlords can increase rent annually by providing the tenant with proper notice, usually one month in advance. At PTL Lettings, we ensure that any rent adjustments are fair and compliant with current regulations.

What Rights Do Tenants Have Under an AST?

Protection from Unlawful Eviction

Under an AST, tenants are protected from unlawful eviction. Landlords must follow the correct legal process, and you cannot be forced out without a court order, even after your tenancy ends. If you’re renting a property in Peterborough, PTL Lettings ensures your rights are fully respected.

Right to Peaceful Enjoyment

You have the right to live in your rental property without unwarranted interference from the landlord. While landlords can inspect the property, they must give you at least 24 hours’ notice and visit at a reasonable time, unless it’s an emergency. PTL Lettings liaises between tenants and landlords to ensure that this right is upheld.

Repairs and Maintenance

If something breaks down, such as the heating system or plumbing, it’s the landlord’s responsibility to fix it in a reasonable time. Always report any issues promptly and in writing to ensure they are addressed. We provide a reliable maintenance service for all properties to rent in Peterborough, ensuring that repairs are handled quickly and efficiently.

What Are the Consequences of Breaking an AST?

Breaching the terms of your AST, such as by failing to pay rent or damaging the property, can lead to serious consequences, including eviction. However, landlords cannot simply evict you for minor issues without following the proper legal process. If there’s a dispute, we can help resolve it through mediation or by guiding you through the legal process.

Understanding your Assured Shorthold Tenancy (AST) agreement is key to a successful and stress-free renting experience. At , PTL Lettings we’re here to guide you through every aspect of your tenancy, from understanding your rights to managing communication with your landlord.

Whether you’re renting for the first time or looking to renew your tenancy, we’re committed to making the process as smooth as possible.

Please enquire here.

Looking for a property to rent in Peterborough? PTL Lettings is here to support you every step of the way.

Landlord looking for help with property management? With our expert services, you can trust us to handle everything from AST agreements to maintenance and legal compliance.

Contact us today at PTL Lettings and let us take the stress out of finding or managing a rental property in Peterborough.

Call us on 01733 555183 or email info@ptl-lettings.co.uk to find out how we can help you.

In the meantime, we’ve answered some of your common questions about AST’s.

Frequently Asked Questions About AST’s

1. Can I leave my AST early?

Yes, but only if your landlord agrees or if there’s a break clause in your tenancy agreement. Otherwise, you may be liable for rent until the end of the agreed term. We can assist you in negotiating an early termination if necessary.

2. What should I do if my landlord isn’t protecting my deposit?

You can raise a dispute with a tenancy deposit scheme or take legal action. It’s a legal requirement for landlords to protect your deposit. PTL Lettings ensures that all deposits are correctly handled, providing peace of mind for tenants.

3. Can my landlord enter the property without permission?

No, your landlord must give you at least 24 hours’ notice and visit at a reasonable time unless it’s an emergency.

4. What happens if I can’t pay my rent?

Speak to your landlord immediately. They may offer a payment plan or some leniency. Persistent non-payment could lead to eviction, but this should be the last resort.

5. What is a Section 21 notice?

A Section 21 notice is used by landlords to regain possession of the property at the end of an AST without having to provide a reason. They must give you at least two months’ notice.

6. Can I make changes to the property?

You usually need written permission from your landlord before making any alterations, even minor ones. Check your AST for specific clauses related to changes.

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A Guide To Landlord Allowable Expenses: Maximizing Returns

Attachment Details A-Guide-to-Allowable-Expenses-for-Landlords

As a landlord in Peterborough, navigating the world of taxes can be a daunting task. However, understanding and utilizing allowable expenses can significantly reduce your tax bill while ensuring you’re paying a fair share. In this guide, we’ll walk you through what allowable expenses are, what you can claim, and how they impact your tax bill.

What Are Allowable Expenses?

Allowable expenses, as defined by the gov.uk website, are expenses that are “wholly and exclusively for the purposes of renting out the property.” But did you know that these expenses can be deducted from your rental income, reducing the amount of taxable profit you’ll need to pay tax on?

What Can You Claim For?

As a landlord of a rental property in Peterborough, there are a range of expenses you can claim, including:

General Maintenance and Repairs: This includes expenses for upkeep and repairs to the property, excluding improvements.

Utilities and Council Tax: Expenses such as water rates, council tax, gas, electricity, ground rents, and service charges can be claimed.

Insurance: Landlords’ policies for buildings, contents, and public liability costs are allowable expenses.

Professional Fees: Fees for services such as property management, rent collection, marketing, accountants, surveyors, and solicitors can be claimed.

Advertising and Subscriptions: Costs related to advertising for new tenants and subscriptions to landlord associations are allowable.

Travel Expenses: Costs for traveling between rental properties in Peterborough can be claimed, including petrol and vehicle running costs.

How Do Allowable Expenses Affect Your Tax Bill?

Most landlords file their tax returns under the ‘cash basis,’ which means only income received, and expenses paid during the tax year are included. However, keeping accurate records of all income and expenses is essential for claiming allowable expenses effectively. Additionally, utilising the services of an experienced letting agent can streamline this process, ensuring accurate record-keeping.

What Can’t You Claim?

Certain expenses are not considered allowable, including personal expenses, private phone calls unrelated to the rental business, and clothing bought for business purposes. Additionally, total mortgage payments cannot be claimed as allowable expenses.

Landlords’ Wear and Tear Allowance

‘Replacement of domestic items relief,’ allows landlords to claim expenses for replacing domestic items. However, it’s important to note that initial purchases, such as furnishing a property from scratch, are not eligible for tax relief.

Key Allowable Expenses to Remember

Whether you’re a novice investor or an experienced landlord in Peterborough, certain expenses can make a significant difference to your tax return. Don’t overlook expenses such as travel costs between properties, advertising expenses, and legal and accountancy fees related to buy-to-let investments.

Understanding allowable expenses is crucial for maximizing returns as a landlord. By leveraging these deductions effectively, you can reduce your tax liability while ensuring compliance with tax regulations.

However, tax rules can be complex! It’s advisable to consult with a professional tax advisor to explore your individual circumstances thoroughly.

Remember, proper record-keeping and documentation are key to successfully claiming allowable expenses and optimizing your tax position as a landlord.

PTL Lettings can help you with property management in Peterborough.

Call us on 01733 555183 or email info@ptl-lettings.co.uk to find out how we can help you maximize returns on your rental property.

Property to let? For a free valuation click here

*This is not tax advice and tax rules can be complex. We recommend that you speak with a professional tax advisor about your individual circumstances.

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The Landlord’s Dictionary: Important Terms to Know

the landlords dictionary

Are you considering investing in a rental property in Peterborough? If so, understanding the various terms and jargon associated with property management is crucial for your success. From legal terms to property management lingo, our landlords dictionary is your go-to resource. It provides clear explanations that can help you feel more confident in managing your investment. In fact, having a reliable landlords dictionary at your fingertips can make all the difference when it comes to keeping things organised and manageable.

Whether you’re inheriting a family property, starting fresh with a new buy-to-let investment, or expanding your portfolio, navigating the complexities of rental agreements, tenant relations, and property maintenance can often feel overwhelming. This is exactly where our landlords dictionary proves invaluable.

Our guide will help break down the essential terms, ensuring you fully understand the jargon so you can manage your properties with ease. With the right knowledge, you’ll be better equipped to handle any situation that may arise.

At PTL Lettings, we like to make your life as a landlord as simple and stress-free as possible. With our landlords dictionary, you’ll have everything you need to stay informed and prepared.

Read our guide, keep it handy, and take the guesswork out of property management.

The Landlords Dictionary: Jargon Explained

Allowable Expenses

Allowable expenses are expenses that are “wholly and exclusively for the purposes of renting out the property.” These expenses are deducted from your rental income, therefore reducing the amount of taxable profit you’ll need to pay tax on.

Annual Percentage Yield (APY)

This term refers to the total return you expect to receive on your investment over a year, expressed as a percentage. It factors in the rent you receive and also any appreciation of the property. Additionally, understanding potential yield allows you to compare different rental properties in Peterborough and assess their profitability.

Assured Shorthold Tenancy (AST)

This is the most common type of tenancy agreement in England and Wales. ASTs typically last for six or twelve months and offer flexibility for both landlords and tenants. Tenants also have the right to ‘quiet enjoyment’ of the property and must give two months’ notice before leaving the rental.

Deposit Protection Scheme (DPS)

Landlords in England, (Wales, and Scotland) are legally required to protect tenant deposits using a government-approved scheme. The purpose of this is to safeguard the tenant’s money in case of any deductions for damages beyond normal wear and tear.

Energy Performance Certificate (EPC)

An EPC is a document that rates the energy efficiency of a property on a scale from A (most efficient) to G (least efficient). Therefore, having a good EPC rating can attract tenants who prioritise energy-saving features and can potentially help you achieve a higher rent.

Gas Safety Certificate

This is a legal requirement in England and Wales for all rented properties with gas appliances. Crucially, landlords must ensure a qualified engineer inspects the gas appliances every year and provides a valid Gas Safety Certificate.

Guarantor

A guarantor is a third party who agrees to be financially responsible for a tenant’s rent if they default on their payments. Importantly, this can be helpful for landlords who are renting to students or those with limited or poor credit history.

Holding Deposit

This is a non-refundable fee a prospective tenant pays to reserve the property while their application is being processed. Holding deposits are typically capped at one week’s rent.

Inventory Report

A detailed record of the property’s condition at the start and end of a tenancy is crucial. Inventory reports typically include photographs and descriptions of the property’s fixtures, fittings, and any existing damage. These reports are important for resolving any disputes over deductions from the tenant’s deposit.

Inventory Check-Out

This is the process of inspecting the property with the tenant at the end of the tenancy to assess any damage beyond normal wear and tear.

Landlord Insurance

This is a specialised type of insurance designed to protect landlords against financial losses associated with their rental property. Unlike standard home insurance, landlord insurance can include buildings, liability, loss of rent and legal expenses cover.

Letting Agent

Letting agents (or property management companies) manage the rental process on behalf of landlords. This can include finding tenants, conducting viewings, drawing up tenancy agreements, and handling rent collection and maintenance issues. Letting agents typically charge a fee for their services.

Letting Fee

This is the fee charged by letting agents for finding a tenant and managing the rental process.

Maintenance

Landlords are responsible for maintaining the rental property and keeping it in a good state of repair. This includes repairs to essential services like plumbing, heating, and electrical systems. Additionally, upkeep to the structure of the property itself should be taken care of. Tenants are responsible for general upkeep and reporting any issues promptly.

Mortgage Interest Relief

With a buy-to-let mortgage, landlords can claim tax relief on a portion of the mortgage interest payments. This means that, instead of being taxed on the full rental income, landlords can offset some of the interest paid on their mortgage against their rental income, reducing their overall tax bill.

Notice Period

This refers to the amount of notice a tenant or landlord must give to terminate the tenancy agreement. The standard notice period for tenants in an AST is two months, however, landlords typically require longer notice periods for repossession.

Rent Arrears

This refers to the unfortunate situation where a tenant falls behind on their rent payments. Landlords have legal options to recover unpaid rent, however it’s always best to try and communicate with the tenant first to find a solution.

Rent Guarantee Insurance

This type of insurance protects landlords against financial loss if a tenant defaults on rent payments. Costs vary between providers, therefore it’s important to get several quotes.

Rent Review

The process of renegotiating the rent amount with the tenant is typically done at the end of a fixed-term tenancy.

Right to Rent Checks

Landlords in England have a legal duty to conduct “Right to Rent” checks to ensure their tenants have the legal right to be in the UK. This typically involves verifying passports or visas.

Section 21 Notice

A Section 21 notice is a legal document used by landlords in England and Wales to repossess a property at the end of a fixed-term tenancy agreement. This is provided they have complied with all their obligations under the tenancy agreement. The Labour government is seeking to scrap section 21 so it’s crucial to stay up to date with local developments on this.

Selective Licencing

In certain areas of the UK, local authorities may require landlords to obtain a selective licence to rent out a property. This is typically done in areas with high concentrations of rented properties to ensure proper management standards. Ask the team at PTL Lettings if you have a rental property in mind and we can advise you.

Tenancy Agreement

This is a legally binding contract between the landlord and tenant outlining their respective rights and responsibilities. It includes details such as the rent amount, payment schedule, deposit information, notice periods, and maintenance responsibilities.

Tenancy Deposit Scheme Dispute Service (TDS DRS)

If a dispute arises regarding deductions from a tenant’s deposit, both landlord and tenant can access a free mediation service offered by the TDS.

Unfurnished vs Furnished Tenancy

Understanding the difference between these tenancy types helps clarify what is included in the rent and the landlord’s responsibilities regarding furniture and appliances.

Wear and Tear

Normal wear and tear refers to the deterioration of a property that occurs through everyday use. Examples might include faded paintwork, worn carpets, and minor scratches on floors. Landlords cannot deduct from a tenant’s deposit for normal wear and tear.

What Next?

We hope our landlords dictionary is helpful! Understanding these key terms will empower you to make informed decisions as a landlord. Remember, there’s always more to learn, and the team at PTL Lettings is here to help!

With knowledge and preparation, you can navigate the world of property lettings in Peterborough with confidence and success.

Rental Property Management in Peterborough

At PTL Lettings we are your local property management experts in Peterborough. If you need expert letting or property management services to help market and manage your property, our experienced team can help.

Contact us today on 01733 555183, book a valuation or browse our letting and property management services .

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Becoming A Landlord In Peterborough: 7 Steps

7 Steps To Becoming A Residential Landlord

There are a number of reasons people consider becoming a residential landlord.

Often, it’s because someone wants to do more with their savings and sees property as a sound investment with a regular income. Or a person becomes an accidental landlord after inheriting a property or moving into a house with a partner.

However, while the allure of consistent rental income is certainly appealing, there are several things you need to consider before you begin your property portfolio.

Here are seven things to think about when becoming a landlord in Peterborough.

How to Become a Landlord of a Rental Property in Peterborough

Set-up costs

Finances matter, the numbers have to stack up. If you’re going to obtain a buy-to-let mortgage, the mortgage lender needs to know about your income and what rent you hope to achieve.

They have to ensure that you can cover the costs. You’ll probably have to pay for surveys, too, so they can be sure the house is worth what you think it is.

Then there are the legal fees and the search costs. Many law firms who specialise in conveyancing will be able to give you an early indication of what your final bill will be.

DIY or use a letting agent

You could manage the property yourself – and many landlords consider this as it can help reduce costs. However, you must make sure you have the time to dedicate to the management of the property.

Do you want to use a letting agency to find you a tenant and arrange the initial agreements? You can then keep on top of things for yourself. Or would you rather hand over all the management to the agency? Reducing the pressure on you is great, but there are costs involved with letting agent fees.

Landlord insurance

When you are renting out a property in Peterborough, you must obtain landlord insurance. This is because a home insurance policy will not cover you for what you need, and also because the right insurance will protect you, your property and your tenant.

If you’re taking out a mortgage to buy the property, your lender will insist that you have insurance. The costs of insurance will vary depending on the level of cover, such as personal liability, contents cover and buildings cover, and loss of rent cover, in the unfortunate event of unpaid rent. Speak with an insurer or a broker and be absolutely clear about what you need.

Furnished or unfurnished

Whether you rent out a fully furnished property or one that is unfurnished it is a decision you need to make early on.

If you’ve inherited a furnished property, then it might well be an easy decision. If this is the case, you might find this suits a potential tenant, and you will be able to get a better monthly rent.

Obviously, if you rent out an unfurnished property, it means you don’t need to buy things for it. Many potential tenants prefer this as they can put their own furniture in and make it their home. Don’t forget; it’s best practice to get an inventory carried out as this will affect your insurance policy and could minimise disputes at the end of an agreement with prospective tenants.

Paperwork

One of the top tips for being a landlord is to be well organised and up to date with paperwork from the start. It may seem daunting having a lot of documents, but organisation is key.

Not only will this ensure you don’t fall foul of any legal responsibilities, but it should also mean that if any disputes arise, you know straight away where things are. (It’s also particularly useful when you’re doing your accounts or checking information).

Plus, there won’t be any nasty surprises when you suddenly realise you need to pay income tax!

Legals & responsibility

There are certain legal obligations and responsibilities that need to be understood. These are in addition to the tenancy agreement that you and your tenant should be signing. For example, before a property is let, you’ll need an up-to-date Energy Performance Certificate (EPC) for it.

A gas safety certificate is required for each gas appliance in the property. Each home must have smoke alarms and a carbon monoxide detector. Plus, any appliances or furniture must meet the required safety standards. There are also rules about a tenant’s deposit and how it is kept in a Government-approved scheme. If you need help with any of these, we can advise you. Simply call us on 01733 555183.

Right to rent checks

A relatively new aspect of renting out a property in Peterborough is the need to carry out a Right to Rent check. A landlord must, by law, check whether a potential tenant has the legal right to rent a property in the UK.

Failure to carry out the required checks could result in hefty fines so if you do need advice, then contact us and we will be delighted to help.

What Next? Need expert advice?

Searching for advice on renting out your property? Contact our team on 01733 555183. Alternatively, email us at info@ptl-lettings.co.uk, or book a valuation and we will be delighted to help. We deal with every landlord independently to meet their needs.

In the meantime, here are the answers to the most frequently asked questions about becoming a landlord:

Frequently Asked Questions About Becoming a Landlord and Setting Up Rental Properties

You may be interested to read 8 Things UK Landlords Need To Know

Do I need a license to become a landlord in the UK?

In England, landlords may need to obtain a license for certain types of properties, such as houses in multiple occupations (HMOs).

What responsibilities do landlords have regarding tenant safety?

Landlords are legally obligated to ensure the safety of their tenants by conducting regular gas safety checks. They must also provide smoke and carbon monoxide alarms, and adhere to electrical safety standards.

How can I set a fair rental price for my property?

Research the local rental market, consider property features and amenities and evaluate comparable rentals to determine a competitive and fair rental price for your specific location and property type.

What steps should I take if my tenant fails to pay rent?

Follow the legal eviction process outlined in the relevant UK legislation. This typically involves issuing a notice to the tenant and seeking possession through the court if rent arrears persist.

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Should I Let Tenants Keep A Pet?

Should I let tenants keep a pet?

Data circulating the property industry provides a clear message – landlords don’t like tenants keeping a pet!

Data from gov.uk states that only 7% of UK rentals advertise themselves as pet-friendly. Potentially, there are a lot of missed opportunities from landlords sticking with the ‘no pets allowed’ policy.

In this article, we’ll explore what the UK law is on tenants keeping a pet. We will also look at the benefits of being pet-friendly for landlords and share our advice on how to safely allow your tenants to keep a pet.

Things to Consider About Letting Prospective Tenants With Pets Into Your Rental Property in Peterborough

What is the Law on Letting With Pets?

Ultimately, it’s the landlord’s decision as to whether a tenant can keep a pet in their property.

However, the UK government encourages more landlords to allow pet-friendly renting through the Model Tenancy Agreement. This is the government’s recommendation for what a good shorthold tenancy agreement should look like.

This contains two crucial elements about pets in rentals, including:

  • Landlords shouldn’t have a blanket ‘no pets allowed’ policy and;

  • Landlords should consider any request from a tenant to keep a pet seriously and only decline for good reason

Should I Let Tenants Keep a Pet?

While there are risks associated with a tenant having domestic pets (like damage to the property or causing a nuisance to neighbours), there are benefits, too.

Private landlords that accept pets and advertise their property as pet-friendly can:

  • Attract better tenants in the future
  • Sign longer leases (which can mean less chance of voids)
  • Stand out from the crowd
  • Keep existing tenants happy

How to Safely Let Your Property as Pet-Friendly

If you have decided that allowing pets is the right way to go, it’s time to lay down some ground rules and establish whether potential tenants are responsible pet owners or not.

Ask for Records

Depending on the animal, you may want to check that it’s up to date with its vaccinations. A pet owner who stays on top of vaccinations is a good sign that they are a responsible owner. Plus, it can reassure you that the animal is healthy and protected from diseases.

Check training and behaviour

If your tenant is requesting to keep a hamster, cat or reptile, checking training records isn’t important. But if your tenant wants to keep a dog on your property, make sure you ask about its training to see if they maintain responsible pet ownership.

Ask questions like:

  • Is the dog house-trained?
  • How much training have they had?
  • Will the dog be left alone for long periods?

Arrange a meet and greet

If you’re concerned about how well-behaved your tenants’ pet is, arrange a meet and greet to see what the pet is like in person. Alternatively, ask for a video call with the pet!

There are plenty of lovely spots in Peterborough that are dog friendly and would help you see if they are a responsible pet owner.

This is a great opportunity to see just how well-trained the animal is, and assess how comfortable you are letting the animal stay in your property.

Set boundaries

Before agreeing, consider setting boundaries around the tenant keeping a pet. For example, confirm if you are allowing pet owners to have one pet only, and that any new pets require prior approval.

Agree on terms

Whatever you decide when it comes to agreeing to let your tenants keep a pet in your Peterborough rental property, make sure it’s documented in the terms of your lease.

Include information about any boundaries you set, what responsibilities the tenant has when it comes to cleaning up after the pet in your rental property, and any tenant fees may occur if those standards are not upheld or there is pet damage.

In Summary

Allowing your tenants to keep a pet is ultimately your decision as a landlord. Numerous benefits are available to landlords if they allow pets, but you still need to ensure you’re always protecting yourself and your property.

For more advice on property management or letting your property, our friendly team at PTL Lettings are happy to help. Get in touch today on 01733 555183, or email us at info@ptl-lettings.co.uk

Frequently Asked Questions About Becoming a Pet-Friendly Landlord

Can I charge additional rent or fees for tenants with pets?

Landlords are not allowed to charge a ‘fee’ to a tenant who wishes to keep pets or other animals in a rental property. Deposits are capped in England since the introduction of the Tenant Fees Act in 2019. However, permission may be given for pets on the condition that the tenant pays an additional reasonable amount in rent.

Can I charge for professional cleaning at the end of a tenancy with a pet?

Landlords cannot insist on a professional cleaning service at the end of a tenancy as this is a prohibited payment under the Tenant Fees Act legislation, however tenants must return the property in its original condition.

Can I discriminate against certain types or breeds of pets?

It’s advisable to focus on the behaviour and history of individual pets rather than discriminating based on breeds, as breed-specific policies may be subject to legal scrutiny and can be seen as discriminatory.

What steps can I take to protect my property from potential pet-related damage?

Implementing a clear and detailed pet policy, conducting thorough tenant screening, and including specific clauses in the lease regarding pet responsibilities and potential consequences for damage can help protect your property while allowing for responsible pet ownership.