UK landlords reminded of important legal issues to consider when renting out property
Residential property lawyer at Slater and Gordon, Samantha Blackburn said: “As demonstrated by recent reports owning a buy-to-let property can lead to solid returns for landlords, however there are some important legal issues to consider when renting out your property.” Deposit Protection and the impending right to rent checks are two areas that she points out as of concern to landlords.
Read the full story on Landlord Expert
If a deposit is not protected a landlord can be liable for up to three times the value of the deposit. If they rent out a property to illegal immigrants without carrying out the checks they will be liable to fines of up to £3,000 per illegal occupier. Getting these two areas wrong could be costly for a landlord, with RentPro however you can get full tenant reference carried out by Advanced Rent that also checks for their right to rent and instead of taking a deposit a landlord could avail of Deposit Replacement Insurance.