![]() ![]() If you have a mortgage on your property, your mortgage provider may insist that you have landlord insurance to provide financial protection against potential risks. ![]() Standard landlord insurances will pay out in the case of fire, theft, escape of water, storms and other unforeseeable perils. It isn’t a legal requirement for you to have landlord insurance, but it can provide financial protection from damage to your property that isn’t caused by the tenant. However you decide to provide these, make sure the tenant is aware of the readings and that they have a responsibility to contact the utility companies to set up regular payments.īuy Insurances Before Your Tenants Move In Some landlords do this in the tenancy agreement, some in the welcome pack and others choose to just supply them via email or text. ![]() Once you’ve taken these readings, you’ll need to provide them to the tenant along with the name of the company that provides the utility. You should also photograph the meters as you record the reading so that there is absolutely no doubt as to the validity of the reading. You should take an electricity reading and a gas and water reading if these are applicable. The idea here is that you record the meter reading at the point where the tenant becomes responsible for paying it. The meter reading should be taken either the night before the tenant moves in, or on the morning that they do move in. You can’t take these weeks before the tenant moves in. Unless you’re bundling the cost of utility bills in with the rent, you’ll need to take meter readings at the start of the tenancy. Take Meter Readings Before Your Tenants Move In ![]()
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