Property Management Flashcards

1
Q

Can you talk me through the Repairing Standard (Housing) (Scotland) Act 2006 and how it impacts Scottish Residential lettings?

A

The Housing (Scotland) Act 2006 introduced a repairing standard that all properties let in the private sector must meet. On 1 December 2015 the repairing standard was updated to include specific measures for electrical safety, and fire and carbon monoxide detection

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2
Q

Can you talk me through the Private Housing (Tenancies) (Scotland) Act 2016 and how it impacts Scottish Residential lettings?

A

The Private Housing (Tenancies) (Scotland) Act 2016 commenced on 1 December 2017 and introduced the new ‘private residential tenancy’.

Its purpose is to improve security, stability and predictability for you as a tenant and provide safeguards for landlords, lenders and investors

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3
Q

What regulations govern private water supplies in Scotland?

A

Water Intended for Human Consumption (Private
Supplies) (Scotland) Regulations 2017

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4
Q

What are the key regulations included in the Water Intended for Human Consumption (Private Supplies) (Scotland) Regulations 2017?

A

Regulations govern the quality of water supplied to private water supplies. Covers the register of supply systems, risk assessment of water supplies and water quality standards and duties.

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5
Q

How do the farm alarm regulations 2022 impact residential lets?

A

One smoke alarm in the living room or the room you use the most
One smoke alarm in every hallway or landing
One heat alarm in the kitchen
All smoke and heat alarms must be mounted on the ceiling and be interlinked.

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6
Q

What is an EPC?

A

Energy Performance Certificate rates a property’s energy efficiency from A (most efficient) to G (least efficient), influencing potential energy costs and environmental impacts

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7
Q

How often do EPC’s need to be carried out?

A

Every 10 years

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8
Q

What is included in an EPC?

A

They assess elements like insulation, heating systems, and windows. Recommendations are given to improve a property’s energy usage.

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9
Q

Why are EPCs important?

A

EPCs are legally required when selling or renting properties in the UK, providing essential information on energy performance to prospective buyers or tenants

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10
Q

Name a legislation that is impacting the Rural Residential letting market right now?

A

Uncertainty over EPCs previous plans by the Scottish Government have currently been scrapped for EPC rating of C for all private rental properties by 2028.

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11
Q

What sort of documents do you request from a contractor before entering a property for works?

A

Insurance, any certificates required and risk assessment

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12
Q

What is an EICR?

A

Electrical Installation Condition Report

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13
Q

How often do you need to carry out an EICR? Why are they necessary?

A

Every 5 years or at a change of tenancy

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14
Q

You mention following a storm you were renovating a property and suggested improvements to the EPC what were these suggestions? Why did you make these suggestions?

A

Internal wall insulation as this was highlighting as a recommendation in the EPC certificate. This was recommended as contractors were already exposing the inner walls carrying out repair works.

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15
Q

You mention taking a property back in hand what were the pros and cons of a PRT?

A

Pros:
Can vet the tenants before offering them a tenancy
Potential long term rental income due to an open ended tenancy
Cons:
Increased costs of getting property let (renovations and EPC and EICR)
Potential for tenants to leave so not as secure of long term income

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15
Q

You mention taking a property back in hand what were the pros and cons of a holiday let?

A

Pros:
Potential higher income that you would receive from a PRT
More control = can set when you wish guests to be in the property or not
Cons:
Need to obtain a short term let licence governed by the local council
Increased management and costs of change over with guests and cleaning

16
Q

You mention taking a property back in hand what were the pros and cons of selling the property?

A

Pros:
Income received from the property can be used elsewhere on the estate
No longer have the management obligations of the property
Cons:
Lose control of who has the property if they chose to sell on

17
Q

Lead in residential properties are governed by which new legislation?

A

Repairing Standard require landlords to ensure that from 1 March 2024 the water supply in their private rented properties is free of lead.

18
Q

You mentioned a property with lead in it how was this identified?

A

This was identified during council water testing.

19
Q

What is process of switching a property to a mains supply?

A

Application to Scottish Water

20
Q

Do you have another example of where you met level 3 in property management?

A
21
Q

How are responsibilities split between a landlord and a tenant in a regulated tenancy, an SAT and a PRT?

A

All tenanted properties in Scotland are now required to achieve both the tolerable and repairing standard and it is the landlords responsibility to ensure this. However, tenants responsibilities include reporting maintenance issues in a timely manner and allowing access for maintenance.

22
Q

What are the EICR requirements for agricultural tenancies?

A

For any new leases, the landlord is required to have an EICR done on both the buildings and the house. The tenant then has the responsibility of having that updated every 3 years for the buildings and every 5 years for the house.

23
Q

Are you aware of any changes to compliance of residential dwellings within agricultural tenancies?

A

By February 2022, landlords were required to install smoke detectors, heat detectors and carbon monoxide detectors in residential dwellings under agricultural tenancies in Scotland.

24
Q

A property will comply with the repairing standards if it is…

A

it meets the tolerable standard

it is wind and watertight and reasonably fit for human habitation

it is structurally and externally in a reasonable state of repair and in good working order

it has a fixed heating system that is plumbed in or hardwired

the installations for the supply of water, gas, electricity (including residual current devices), and any other type of fuel, for sanitation, heating and hot water are in a reasonable state of repair and in good working order

it is free of lead pipes from the boundary stopcock to the kitchen tap

any fittings, fixtures or appliances supplied by the landlord as part of the tenancy are in good working order

any furniture provided by the landlord can be used safely for the purpose for which it was designed

there is satisfactory provision for and convenient access to spaces for food storage and food preparation

common parts can be safely accessed and used

common doors are secure and fitted with satisfactory emergency exit locks