{"id":29286,"date":"2025-11-24T11:37:06","date_gmt":"2025-11-24T11:37:06","guid":{"rendered":"https:\/\/northwoodprd.wpenginepowered.com\/?post_type=branch-content&p=29286"},"modified":"2026-05-12T11:35:13","modified_gmt":"2026-05-12T10:35:13","slug":"step-by-step-guide-to-letting","status":"publish","type":"branch-content","link":"https:\/\/www.northwooduk.com\/estate-agents-and-letting-agents\/branch\/banchory\/step-by-step-guide-to-letting\/","title":{"rendered":"Step by step guide to letting"},"content":{"rendered":"\t\t
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Step by step guide to letting in Banchory<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There are many reasons why someone might become a landlord. Perhaps you\u2019re moving cities or countries for a stint abroad, unable to sell in the current market or investing in buy-to-let properties to generate rental income or looking for an investment option to provide a pension for income later in life. When done properly, becoming a landlord can be a rewarding venture, offering a lucrative opportunity that contributes to the local housing market and providing a safe, secure and comforting home for tenants setting up home in Banchory or Deeside.<\/p>

However, being a landlord comes with great responsibility. We\u2019ve compiled a detailed guide to help you navigate the path to becoming a landlord and understand what you can typically expect.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Researching options <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Before delving into landlord letting, take the time to educate yourself about the legal requirements, responsibilities and best practices. Familiarise yourself with Scottish tenancy laws, regulations and property standards. There are some great networking groups in Banchory to discuss your venture with likeminded landlords.<\/p>

If you live further afield, consider who may help if your tenant has an issue or needs to speak with you and build relationships with local tradespeople so you know who to call if there\u2019s an emergency at the property.<\/p>

Being a landlord can be demanding, you may wish to research local letting agents who can help with some, or all, of the management of your rental.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Short-listing the right agent <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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If partnering with an agent is the best decision for you, it\u2019s important you choose the right one. Look for a letting agent in Banchory with a proven history of renting properties successfully. Question how they find quality tenants, conduct viewings, their high street presence and communication levels once a tenant has moved in.\u00a0Don\u2019t forget to check out their reviews too!<\/p>

Of course, it\u2019s imperative that you choose a letting agent who meets all Scottish and UK industry standards so that you, your money and property and fully protected.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Obtaining an accurate valuation <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Matt, Scott & Juliet negotiate rental valuations on a daily basis. Living in Aberdeen city and Aberdeenshire, they each exude local expertise and up to the minute knowledge of the market conditions which you will benefit from. They\u2019re in the perfect position to help you achieve the best possible rental value for your property.<\/p>

For a free rental valuation, click here and complete the request form.<\/u><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Choose the right level of service <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Choosing the correct service level is entirely based on the level of responsibility and time that a landlord is willing to give, and how much time is worth to you. At Northwood, we provide a range of letting service options to accommodate every type of landlord circumstances.<\/p>

Guaranteed Rent<\/strong>: risk free renting, with your income guaranteed for 12 months, Northwood become your tenant and sub-let on your behalf. We manage your property, maintenance & queries too!<\/u><\/p>

Fully Managed<\/strong>: encompassing all aspects of property management from finding tenants to managing day-to-day responsibilities so landlords can \u2018let and forget\u2019 with full peace of mind.<\/p>

Tenant Find<\/strong>: through our network and screening processes, we\u2019ll find the right tenant for your property and organise lease documentation on your behalf.<\/u><\/p>

Rent Collection & Financial Management<\/strong>: using established payment & deposit systems, we track payment & pursue arrears where necessary.<\/u><\/p>

Compliance MOT:<\/strong>\u00a0there are literally hundreds of pieces legislation that landlords must adhere to in Scotland. We offer hands-on, practical support to ensure your property\u2019s compliance.<\/u><\/p>

Selling with tenants in situ:<\/strong>\u00a0we can swiftly manage the sale of your rental property, without disruption to your tenant and minimising loss of income throughout the process.<\/p>

Find out more here<\/u><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Presenting your property <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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First impressions really do count, especially when it comes to rentals. Clean, tidy and well-maintained properties attract quality tenants who will look after your property. Sometimes, a few free or low cost jobs can make a huge difference. You\u2019d be amazed what a lick of paint can do to a space!<\/p>

At Northwood we can give you expert advice on how to present your property in the best possible light, using the best quality photography and creation of\u00a0 quality property details. We can also supply details (or project manage)\u00a0local tradespeople and staging experts\u00a0to ensure your property is ready to market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Completing the paperwork <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Initial paperwork includes notifying your mortgage lender, where applicable, having appropriate landlord insurance and ensuring all tax-related affairs are in order. We have a range of buy-to-let and investment properties and work with independent mortgage advisors and together, we\u2019ll help get you the best advice possible.<\/p>

A variety of legal certificates need to be obtained such as an Energy Performance Certificate (EPC), a Gas Safety Certificate (GSC) and PAT tests to name a few. There\u2019s actually nine different parts of legislation, totalling 80 sections with separate sub-points and five schedules each to ensure full compliance! At Northwood, we\u2019ll advise you on all legal requirements relevant to your property.<\/p>

It\u2019s important to complete a comprehensive inventory. We can recommend professionals in Banchory, Stonehaven, Banchory and Inverurie who thoroughly record the condition and its contents \u2013 something that\u2019s key for subsequent inspections and at check out.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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In order to find the best tenant for your property, you want the widest possible exposure to the best quality tenants.<\/p>

We have a database of potential tenants looking for rentals in Banchory and the surrounding areas, and we\u2019ll also list your property on the national property websites such as\u00a0Rightmove<\/u><\/a>,\u00a0Zoopla<\/a>\u00a0and\u00a0OnTheMarket<\/u><\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Once the tenancy has been agreed prospective tenants should always be thoroughly referenced and credit checked.<\/p>

A tenancy agreement is then drawn up \u2013 the agreement itself needs to be fully compliant with all current regulations based on which part of the country the property is located in. A deposit and the first month\u2019s rent will be required by move in day.<\/p>

It is a legal requirement that the deposit is registered with one of the Government approved deposit schemes once the tenant has moved in.<\/p>

We\u2019ve produced a\u00a0Landlord\u2019s guide to tenancy deposit protection\u00a0to help explain this simply and clearly \u2013 with minimal jargon!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Once all the paperwork has been completed, the tenant can check into the property and collect their keys. It\u2019s important that the inventory is discussed with the tenant, and signed as agreement.<\/p>

Consider creating a handbook of information such as bin collection days, where meters and stopcocks are located, appliance instruction manuals etc. This helps the tenant settle in quickly and confidently, and may minimise any queries that may arise.<\/p>

The council, gas and electricity suppliers must all be informed that the tenant has moved in. This is something that we take care of for all of our clients.<\/p>

Managing the tenancy<\/p>

Both you and your tenant have responsibilities that you must adhere throughout the duration of the tenancy.<\/p>

Your tenant is obliged to:<\/p>