Do I need to provide furniture if I rent out my property?

IF YOU’VE decided to rent out a property, it’s important to note that there are no set rules when it comes to furniture. Tenants don’t necessarily expect fully furnished accommodation (unless they’re students). Plus, supplying everything from beds to sofas and curtains comes with certain obligations and considerations.
However, there are some advantages in providing furniture:

  • Landlords may be able to charge more rent for a fully furnished home
  • Fully furnished homes are in high demand among people looking for short term lets. Therefore, it may be easier to find a tenant
  • When the tenancy ends, the furniture will still belong to you. This means you can sell it or use it in another property

The question about providing furniture isn’t about regulations as such, but what will make your property most desirable to your ideal tenant.

What are the disadvantages in furnishing a rented property?

We may be generalising here but students will tend to get through furniture quite quickly so it’s important to factor in repair and maintenance costs.
If you’re renting out to the premium market, to be able to continue to command a higher rental income, you’ll also have to make sure that any furniture remains in excellent condition.

Another option you may want to consider is part furnishing your property or including white goods only. Again, you don’t have to provide items such as a fridge, washing machine and dishwasher but remember that many tenants tend to want big kitchen appliances already installed and ready to go. Without these, your property may stay vacant.

A word about taxation

Up until earlier this year, landlords could claim a wear and tear allowance. From April 2016, this allowance was replaced with a system that allows landlords to claim the cost of replacing furniture and appliances. For more information about the changes, go to HMRC’s information page.

Comfort and practicality

If you’ve made the decision to furnish your rented property, once you’ve covered the expected basics such as a cooker and fridge, you might want to make a room by room inventory of what’s needed.

Thinking about where and how your tenants will sleep, sit and eat is obvious. But, don’t forget that good storage is also highly sought-after. Consider providing drawers, wardrobes and outdoor storage space for bikes, tools and play equipment.

Furnished, unfurnished or part-furnished, honest and upfront communication between tenant and landlord is vital. That way you know exactly where you both stand and what sort of steps you and your tenant should be taking to ensure that your property, and any furniture included in it, is properly looked after.

Before your tenant moves in, we’ll go through every item of furniture with them. We’ll make a detailed record of what is included – as well as what condition they are in should any deposit disputes arise at the end of the tenancy.

Here at Redrose, we are used to working with tenants and landlords to ensure the best possible customer service and levels of communication. Contact us to find out more.

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