Landlords: do it right or face the fines!
Two landlords have recently been fined £130,000 by councils for HMO breaches. But even if your property is not an HMO, you could still get fined or lose a substantial amount of money if you get it wroNg. Ask yourself:
* Do I know all the letting regulations and can I prove I am abiding by them?
* Have I protected my deposit right and not opened myself up for a fine three times the size of the deposit?
* Is my tenancy agreement legally water-tight and will it hold up in a dispute with the tenant?
* Have I thoroughly identified and referenced my tenant?
* Have I a condition report and photographs that meet the standards required by deposit dispute regulators?
* Am I doing enough inspections to ensure that I don't get prosecuted or fined for health and safety issues?
* Have I a fire risk assessment and if not will my insurer pay out if I have a fire?
These are just a small selection - you need to know much more.
Many landlords think they are saving money by not paying an agent. But if your agent can keep you from getting fined, or losing a dispute with your tenant, then it's a false economy. At Key One Property we do a lot to ensure that our landlords are kept right. We offer LET ONLY or LET & MANAGE. Our FEES ARE LOW plus we DON'T CHARGE VAT.
To find out more just get in touch: CONTACT US