@Terrorantula
All of those points have already been decided on. Utilities, security deposit, proof of how they be paying. Except for the credit screening.
Something you've missed out is that it's a student town, thus it'll probably be students renting the place, right? Here in the UK we have a totally separate set of laws referring to renting to students, and it's much more of a complicated issue. There are a LOT of extra rules when renting to students, as they're a protected group legally, so you may want to check to see if it's a similar situation over there in the US.
One, that's amazing. Two, it's definitely not what happens in the US, as far as I can find. The only code I can find about students deals with either discrimination, sexual harassment, or privacy. Students have less rights, if anything.
Fixtures and fittings - You are responsible for these, so I don't really know what you mean by 'no liability'. Like if a door breaks, the toilet won't flush, the heating goes, a window gets smashed, or just whatever to do with the fixtures/fittings then it's your job to sort it out. You can't just let them get on with it or ask them to fix it. That way leads to lawsuits and them not paying any rent.
From what I've read for Washington state law in the last two days, the tenants may be held responsible, and if they refuse to fix it or pay for it, I can give them a notice that I'm kicking them out in 30 days. If they don't leave, then I go a to court.
I was working on a leasing contract yesterday, and I just got a call from my parents (like ten minutes ago) that they'll be looking it over with some legal person later today.
You aren't allowed to rent a property out here unless the landlord has house insurance, thank fuck. Otherwise you get really shitty situations with landlords bankrupt and people homeless.
That's something else I'm worried about. On account of the tiny ass amount of moss on the roof, we were denied house insurance. Which fucking pisses me off.
My dad and I have worked on the house a bunch, and I'm probably going to be living in it next year along with the renters, so I definitely a care what happens here. Thanks everybody for the assistance sofar