• About us
  • Lettings
    • Landlord Services
    • Help for Tenants
    • Properties for Rent
    • Property Investment
    • Report a Repair
  • Sales
    • Sales Services
    • Properties for Sale
  • Blog
  • Contact Us
Menu
  • About us
  • Lettings
    • Landlord Services
    • Help for Tenants
    • Properties for Rent
    • Property Investment
    • Report a Repair
  • Sales
    • Sales Services
    • Properties for Sale
  • Blog
  • Contact Us
request valuation
ARRANGE VALUATION
  • Home
  • / Property Management

The importance of Rental Property Compliance

If you’re a landlord in Glasgow, it’s important to be aware of the laws and regulations surrounding rental properties. 

There are many laws that landlords must follow in order to protect their tenants and themselves. 

Failure to comply with the law can have serious consequences, so it’s definitely worth taking the time to learn about them.

Rental property compliance is especially important in Glasgow. This is because Glasgow has some of the most stringent laws in the country. 

Landlords who fail to comply with these laws can be fined up to £50,000.

In this guide, we’ll discuss the importance of rental property compliance and explain why it’s so important to abide by the law. Stay safe and compliant landlords!

The Private Housing (Tenancies) (Scotland) Act 2016

The Private Housing (Tenancies) (Scotland) Act 2016 was introduced in order to improve the security of tenure for tenants and make renting fairer. 

The act made a number of changes to the law, including introducing new tenancy types, setting out the rights and responsibilities of landlords and tenants, and regulating fees that can be charged by landlords. 

It covers a wide range of topics, from tenancy agreements and deposits to repairs and rent increases.

The act applies to all private rented tenancies that were entered into on or after the 31st of December 2017. 

This means that if you’re a landlord with an existing tenancy, you must comply with the new rules.

Tenancy Agreements

One of the most important changes introduced by the act is the requirement for landlords to provide their tenants with a written tenancy agreement. 

This tenancy agreement must set out the rights and responsibilities of both the landlord and the tenant. It’s important to note that if you don’t provide your tenants with a written tenancy agreement, they may be able to claim compensation from you.

Rental increases

The act also introduced a number of other changes, such as giving tenants the right to have their rent increased only once every 12 months, banning landlords from evicting tenants without a valid reason, and introducing a new system for dealing with deposits.

Safety requirements

There are many different aspects of rental property compliance that landlords must be aware of. These include fire safety, gas safety, electrical safety, energy efficiency and much more. 

Landlords must make sure that their properties are safe for their tenants to live in.

In order to comply with the law, landlords must make sure that their properties are up to scratch. 

This means ensuring that there are working smoke alarms, carbon monoxide detectors, and fire extinguishers. 

Landlords must also have their properties checked for gas safety every 12 months and electrical safety every five years.

What’s next?

As you can see, there are many changes that landlords must be aware of when it comes to renting out their properties. 

Failure to comply with the law can have serious consequences, so it’s definitely worth taking the time to learn about the new rules. 

Alternatively, a reputable Property Management company such as Yates Hellier can be appointed to take care of all the legalities for you. 

This will give you peace of mind that your property is being managed in a compliant manner.

If you have any questions about rental property compliance, tenancy agreements, or if you need help making sure that your property is compliant, please don’t hesitate to get in touch with us. 

We’re always happy to help!

Yates Hellier are Glasgow’s leading property management and letting agents. 

We have a wealth of experience in managing properties in compliance with the law. 

Contact us today for more information about our services.

How can we help with your property?

  • 0141 248 8726
  • [email protected]

Complete the form below and one of our team will get back to you as soon as possible.

Loading

What people say about our property management services

FAQs

What people say about our property management services

a stand out company

Your investment is only as good as your letting agent.

Glasgow rental property has proven to be a great investment over the years. However, all investments have risk and not all Glasgow letting agents are equal. My job at Yates Hellier is to ensure that my client’s investments produce consistent results.

Jack

delighted with the service

Your investment is only as good as your letting agent.

Glasgow rental property has proven to be a great investment over the years. However, all investments have risk and not all Glasgow letting agents are equal. My job at Yates Hellier is to ensure that my client’s investments produce consistent results.

Jack

FAQs

Which Glasgow areas produce the largest investment property yield?

This question depends on the purchase price of your property and rental amount achieved, but some generally good areas for top rental yields in Glasgow include: Yorkhill (G3) Garnethill (G3) Anniesland (G13) Dennistoun (G31) Kinning Park (G51) We have detailed some real-life examples of some fantastic rental yields in the above areas: Agents often sell a property based on gross rental yield, but how do you work this out? Monthly rent multiplied by 12 Months (£695 x 12) = £8,340 Divide Annual Rental income by Purchase Price (£8,340/£125,000) = 6.67% Anniesland - Netherton Road Purchase price: £125,000 including all buying costs Rental income: £695pcm Gross rental yield – 6.7%   Anniesland - Linden Way Purchase price: £90,000 including all buying costs Rental income: £595pcm Gross rental yield – 7.9%   Dennistoun - Whitehill Place Purchase price: £125,000 including all buying costs Rental income: £750pcm Gross rental yield – 7.2%   Kinning Park - Middlesex Gardens Purchase price: £115,000 including all buying costs Rental income: £750pcm Gross rental yield – 7.8%   When carefully selected, the above examples indicate that Glasgow property yields great returns on investment (ROI). Work with the Yates Hellier Team  Experts in property portfolio management and investment in Glasgow, our team are ready to guide you on your journey to securing your future.

What are the rental market yields in Glasgow?

This is dependent on the purchase price, area, your aversion to risk, and also your future intentions with the property. You could be a professional landlord who is building a large portfolio, and yield is your main driver.  You’re retired and intend to downsize your family home in a few years, and buy a high end property in the West End of Glasgow, renting it out in the interim.  Generally, rental yields can vary from roughly 5% to 10%, depending on the above. Agents often sell a property based on gross rental yield, but how do you work this out? Monthly rent multiplied by 12 Months (£1500 x 12) = £18,000 Divide Annual Rental income by Purchase Price (£18,000/£300,000) = 6%

invest in glasgow property

property investment

switch your letting agent

switch your agent

Yates Hellier is one of Glasgow’s leading letting agents and estate agents. Our hands on service provides exceptional value to our clients. 

We provide a premium service to discerning landlords and sellers who appreciate a quality service with unrivalled attention to detail.

2 Woodside Place
Glasgow
G3 7QF

  • 0141 248 8726
  • [email protected]
Facebook Instagram Linkedin Youtube

© 2023 Yates Hellier
Letting Agent Registration Number: LARN1812011

  • T&Cs
  • Privacy & Cookie Policy

Yates Hellier: Glasgow Letting agents & estate agents

Client money protection Certificate

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

This website also uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

By continuing to use this website, you agree to their use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

How do we use cookies?

• We use cookies to track your use of our website. This enables us to understand how you use the site and track any patterns with regards how you are using our website. This helps us to develop and improve our website as well as products and / or services in response to what you might need or want.

• Cookies are either:

– Session cookies: these are only stored on your computer during your web session and are automatically deleted when you close your browser – they usually store an anonymous session ID allowing you to browse a website without having to log in to each page but they do not collect any personal data from your computer; or

– Persistent cookies: a persistent cookie is stored as a file on your computer and it remains there when you close your web browser. The cookie can be read by the website that created it when you visit that website again. [We use persistent cookies for Google Analytics.]

• Cookies can also be categorised as follows:

– Strictly necessary cookies: These cookies are essential to enable you to use the website effectively, such as when buying a product and / or service, and therefore cannot be turned off. Without these cookies, the services available to you on our website cannot be provided. These cookies do not gather information about you that could be used for marketing or remembering where you have been on the internet.

– Performance cookies: These cookies enable us to monitor and improve the performance of our website. For example, they allow us to count visits, identify traffic sources and see which parts of the site are most popular.

– Functionality cookies: These cookies allow our website to remember choices you make and provide enhanced features. For instance, we may be able to provide you with news or updates relevant to the services you use.

More information about our Cookie & Privacy Policy