Inherited a property?

What you need to know before renting it out

By Vidhur Mehra

Aug 1, 2025, 8:22 IST

Decide who will own the property

Understand ownership options like limited companies or partnerships and choose a tax-efficient structure that suits your situation

Check mortgage and finance options

Even if the property is mortgage-free it might be tax-efficient to release equity or refinance at a better rate

Get consent to let and update insurance

You’ll need lender approval to rent the property and specialist landlord insurance for legal coverage

Know your tax responsibilities

You must pay income tax on rental earnings and complete a self-assessment return – talk to a property accountant

Stay compliant with lettings regulations

From EPCs and gas safety to furnishing standards and PAT testing there are over 150 legal obligations landlords must meet

Avoid short-term letting pitfalls

Renting on Airbnb beyond 90 days in London requires special permissions and may lead to fines and extra wear and tear

Decide on management support

With complex rules and risks many landlords opt for a professional property manager to ensure smooth operation and full compliance

Get started with expert help

We offer full lettings and management support to protect your investment and maximise rental returns