Rules and regulations - landlord registration
From April 2006 all landlords in Scotland are legally required to register themselves, each property they let and their chosen agent, with their appropriate local authority and must be deemed a fit and proper person in order to let a property. Non-resident landlords also have specific documentation to complete.
Registration can be made online (for a 10% discount) at: Landlord Registration Scotland and lasts for three years. Similarly, agents must register with each council area in which they operate and Rettie & Co's registration numbers are listed below.
We cannot proceed with letting your property without confirmation of your registration number.
All registered owners of a property who are planning to move overseas for 6 months or longer at any time when the property is let, will be required to complete HM Revenue & Customs form NRL1.
This form will provide Rettie & Co with the relevant exemption certificate. We are legally obliged by HM Revenue & Customs to collect tax at 20% of the gross rent received unless we receive the relevant exemption certificate which authorises us not to do so. Rettie & Co are registered with HM Revenue & Customs and we can provide you with a copy of the NRL form and/or the guidance notes on request.
To find out more about our letting services and how we could help you through the letting rules and regulations, please get in touch.