Listed below are some important facts and regulations for all Landlords. For further information or indeed to arrange for a valuation for rental, please call +44 (0) 20 8458 9119 or email enquire@godfreyandbarr.com

Landlords

TENANCY REGULATIONS

Most private residential tenancies with rents up to £100,000 per annum are now governed by the Housing Act 1988 as amended by the Renters’ Rights Act 2025.

These are generally granted as Assured Periodic Tenancies (APT) rather than fixed-term agreements.

All tenancy deposits must be protected within a Government-approved scheme such as the Tenancy Deposit Scheme(TDS). Failure to comply places the Landlord in breach of statutory requirements.

Becoming a Landlord

If you are considering letting your property, or deciding whether to let or sell, the most important starting point is informed advice.

We will guide you through:

  • Rental values and market conditions
  • Legal obligations and compliance requirements
  • Practical considerations of letting

Our advice is provided without obligation but can save considerable time, cost and potential difficulty.

Landlords

Let only or full management?

We are increasingly finding that Landlords are opting for full management.

‘Let Only’ means we source and reference a Tenant and prepare the tenancy documentation. Thereafter, responsibility passes to you for:

  • Rent collection
  • Compliance
  • Repairs and maintenance
  • Ongoing tenancy management

With management, we handle the entire process on your behalf, including rent collection, compliance, tenant liaison and repairs.

Given the increasing complexity of legislation, many Landlords now prefer the reassurance of a full management service.

Appraising your property

One of our experienced team will assess your property, advise on achievable rental value and recommend how best to present and market it.

We also advise on compliance requirements including:

  • Gas and electrical safety
  • Energy Performance Certificates
  • General legal obligations

There is no charge for this service.

Security deposits

Tenants will usually pay a security deposit prior to occupation.

This is usually held in accordance with the rules of an approved scheme such as the Tenancy Deposit Scheme.

At the end of the tenancy, the deposit may be used to cover:

  • Rent arrears
  • Damage or dilapidations
  • Cleaning or reinstatement

Subject to agreement, any balance is returned to the Tenant.

Landlords

Can I get my property back?

Under previous legislation, possession could often be obtained using a Section 21 notice.

This is no longer the case.

Under the Renters’ Rights Act 2025, Landlords must now rely on the statutory grounds set out under Section 8 notice.

These include:

  • Sale of the property
  • Landlord or family occupation
  • Breach of tenancy
  • Rent arrears

Correct service of notice and compliance with all legal requirements (including provision of EPC, gas safety and prescribed information) is essential.

OVERSEAS LANDLORDS AND TAX

If you are resident outside the UK, rental income may be subject to the HMRC Non-Resident Landlord Scheme.

Landlords must:

  • Register with HMRC
  • Either receive rent net of tax, or apply for approval to receive it gross

We are experienced in assisting overseas landlords with these requirements.

Landlords

Landlords and the law

As a Landlord, you are responsible for ensuring that your property is safe and compliant.

This includes:

  • Gas safety compliance
  • Electrical safety standards
  • Fire and furnishing safety requirements
  • Informing your mortgage lender (if applicable)
  • Ensuring appropriate insurance is in place

Failure to comply can result in financial penalties and difficulties in recovering possession.

Why use an agent?

Whilst it is possible to let and manage a property independently, the regulatory landscape is increasingly complex.

Using an experienced agent ensures:

  • Proper Tenant selection
  • Correct documentation
  • Compliance with current legislation
  • Professional handling of issues should they arise

Landlords

Godfrey & Barr and Rentals

Godfrey & Barr have over 30 years’ experience in residential lettings and management across NW London and Hertfordshire.

We handle properties ranging from apartments to substantial family homes and regularly act for private individuals and corporate clients.

As members of PropertyMark, we adhere to professional standards and remain up to date with all legislative requirements affecting the rental market.

Landlords

Type of agreements

Assured Periodic Tenancies (APT)

Where the rent is £100,000 or less per annum and the Tenant is an individual, tenancies are generally granted as Assured Periodic Tenancies under the Housing Act 1988 as amended.

Key features:

  • No fixed term
  • Rolling monthly tenancy
  • Tenant can give 2 months’ notice
  • Landlord must rely on statutory grounds for possession

Common Law Tenancies / Company Lets

Where:

  • Rent exceeds £100,000 per annum; or
  • The Tenant is a company

the tenancy will fall outside the Housing Act and will be governed by contract law.

These arrangements:

  • Allow greater flexibility
  • Require carefully drafted agreements
  • Are subject to agreed contractual notice provisions

Option to renew/break/purchase

Under Assured Periodic Tenancies, formal renewals are no longer generally required.

Tenancies continue on a rolling basis unless terminated.

Break clauses and options must be agreed at the outset and will depend on the type of tenancy agreement and will not apply to APT’s

In certain cases, Tenants may request an option to purchase, which must be agreed separately.

Landlords

Rent payments

Rent is payable monthly in advance by standing order for APT’s and for common law or company lettings, this is as agreed on the contract.

Where we are instructed to manage the property, we will:

  • Collect rent
  • Account to you regularly
  • Monitor and manage arrears
  • Handle standard repairs
  • Ensure that you remain compliant 

Tax on rental income

Rental income may be subject to UK taxation.

For non-resident landlords, HMRC rules require:

  • Deduction of tax at source unless approval is granted
  • Submission of returns where applicable

We can assist with general guidance, although you should seek independent tax advice where required.

Landlords

Security deposit

Deposits are typically:

  • 5 weeks’ rent (up to £50,000 per annum)
  • 6 weeks’ rent (above this level, where applicable)
  • Whatever is agreed for common law or company lettings

They are held as stakeholder in accordance with deposit protection legislation for APT’s. For tenancies outside the Housing Act, separate arrangements may apply, subject to agreement.

The inventory and check-in/check-out

A detailed inventory is essential and should be prepared prior to occupation.

This protects both parties and forms the basis for assessing any deductions at the end of the tenancy.

Independent inventory clerks are usually instructed.

Initial payments

Once terms are agreed, we will prepare documentation and request a holding deposit (subject to current legislation).

This secures the property whilst referencing and checks are undertaken.

Landlords

UTILITIES & COUNCIL TAX

Tenants are generally responsible for:

  • Utilities
  • Council Tax
  • Communication services

Relevant authorities and providers must be notified at the start and end of the tenancy.

Insurance

Landlords must ensure:

  • Buildings insurance is in place to cover rentals
  • Contents insurance (where applicable)

Tenants are responsible for insuring their own belongings.

Landlords

Moving Out

At the end of the tenancy:

  • A check-out inspection is carried out
  • Condition is compared against the inventory
  • Utility accounts must be settled

The deposit is then returned, subject to any agreed deductions.

FURNITURE & FIRE SAFETY

Under the Furniture and Furnishings (Fire) (Safety) Regulations 1988, upholstered furniture must meet fire resistance requirements.

Non-compliance is a criminal offence.

Landlords

GAS SAFETY

Under the Gas Safety (Installation and Use) Regulations 1998:

  • Annual inspection is required
  • A valid certificate must be provided to the Tenant

ELECTRICAL SAFETY

Under the Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020:

  • Inspections required every 5 years
  • Reports must be provided to Tenants

STAMP DUTY LAND TAX

In certain circumstances, SDLT may apply to tenancy agreements, calculated by reference to the net present value of the rent.

Further information is available from HMRC and is the responsibility of the tenant.

Landlords

Fees

Our fees are:

  • 8% sole agency
  • 10% multiple agency
  • Additional 7% for full management

Based on the annual rent, paid in advance and charged for the duration of the tenancy

All fees are plus VAT at the prevailing rate.

Full terms and conditions are available upon request.

WHY FULL MANAGEMENT MAKES SENSE TODAY

In the current regulatory environment, full management is no longer simply a convenience.

It is a practical safeguard.

With legislation evolving and compliance requirements increasing, landlords benefit from:

  • Reduced legal risk
  • Professional handling of tenant relationships
  • Efficient management of maintenance and issues
  • Confidence that all obligations are being met

Quite simply — we take care, so you don’t have to.

 

 

THE GODFREY & BARR APPROACH

We have built a reputation for:

  • Personal, partner-led service
  • Strong local market knowledge
  • Long-standing client relationships
  • Professional, discreet handling of high-value properties

Whether you are letting a single property or managing a portfolio, our approach remains the same:

careful, considered and fully professional.

FINAL WORD

Property remains a strong long-term investment — but success today depends on professional management and compliance.

We are here to ensure your property is handled properly, your risk is minimised, and your return is optimised.

LET US HANDLE EVERYTHING FOR YOU

If you would like to discuss letting or managing your property, we would be delighted to assist.