The Legal Landlord: Section 24, Companies and the Renters' Rights Act

Tax structure, tenancy law and your duties, in plain English

Tax and tenancy law decide how much of your rent you keep and whether you are letting lawfully, and this book explains both in plain English. It maps the layers of law behind a residential let, including the Renters' Rights Act and what it changes, then covers consent to let from your lender, the licensing regimes councils enforce, and planning. You will see what a tenancy agreement must contain, which documents must be served and when, and how to protect a deposit correctly. The safety chapter covers gas, electrics, alarms, energy standards, Right to Rent checks, hazards and landlord insurance. The tax chapter works through Section 24 in pounds and compares holding a property personally with holding it through a limited company, alongside the taxes that apply when you buy and sell. It finishes with a compliance checklist for before, at the start of and throughout a tenancy, and an honest account of what getting it wrong costs. Next in this series: “From One Property to a Portfolio”.

What’s inside

• The legal framework in plain English
• Permissions, licensing and planning
• The contracts, and what must be inside them
• Insurance, safety and your legal duties
• Tax treatment and choosing a structure
• Your compliance checklist
• Getting this wrong: what it actually costs

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.