PlanetRent LANDLORDS: Take the pain out of compliance
The Importance of Tenant Safety
Ensuring the safety of tenants is a fundamental responsibility for landlords. With the Grenfell inquiry still ongoing, fire safety remains a top priority, alongside compliance with electrical and gas regulations. Landlords have always been required to maintain properties to a reasonable standard, and current health and safety guidelines provide clear expectations. However, staying up to date with changing legislation can be challenging, especially for those managing multiple properties.
Understanding Compliance for Different Property Types
The health and safety rules that apply to one type of property may not necessarily be the same for another. For instance, HMOs (Houses in Multiple Occupation) have different safety requirements compared to individual buy-to-let homes or blocks of flats. Regardless of the property type, landlords must ensure that all fixtures, fittings, and appliances comply with regulations and that all necessary work is carried out by registered professionals.
The Importance of Record-Keeping for Landlords
Meeting safety regulations is one thing, but being able to prove compliance is just as important. Landlords should retain evidence of inspections, repairs, and safety checks to avoid potential legal issues. This process can be both time-consuming and complex, particularly for those managing a portfolio of properties. That’s why having a structured system in place is essential for efficient record-keeping and compliance management.
Simplifying Compliance with PlanetRent
Understanding the complexities of compliance, Ringley has developed the PlanetRent app to help landlords stay on top of their responsibilities. This innovative solution simplifies health and safety compliance by keeping track of expiring certificates and missing safety checks. With PlanetRent, landlords can ensure their properties remain compliant without the administrative burden.
How PlanetRent Works
Using PlanetRent is quick and straightforward. Landlords simply need to provide basic details about their property, upload their documents, and let the system do the rest. The app automatically maps the documents to the correct properties, ensuring an organised and efficient record-keeping process. This automation not only saves time but also ensures no crucial compliance checks are overlooked.
Additional Benefits of PlanetRent
Beyond simplifying compliance, PlanetRent also enhances communication. Every time a document is uploaded, it is automatically shared with the tenant. If an agent is involved, a copy is sent to the landlord as well. This ensures transparency and keeps all parties informed. Best of all, PlanetRent is free to use, making it a cost-effective solution for landlords and property managers.
Planetrent Properties
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.