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Landlords 'must be aware of their responsibilities'
27 Jan 2012
Landlords must be aware that there is a lot they need to know before they start taking in tenants, it has been claimed.
David Lawrenson, private rented sector expert at LettingFocus.com, said there has been a notable increase in the number of people looking to become landlords in recent months, however, they must be aware that the role comes with a lot of responsibility.
"It is not easy letting property. Funnily enough, I have noticed increasing levels of sales of my book [Successful Property Letting – How to Make Money in Buy to Let] for certainly the last six months. More people are getting into it and letting property. It is not easy and there is a lot to know," he noted.
Mr Lawrenson added that among the things landlords should know how to deal with are bad tenants or people who don't pay their rent.
"You also have a legal responsibility to know your legal duty to do certain things. You have to maintain the property properly and have gas safety checks done. It is not that hard, but they need to be aware of what their responsibilities are," he continued.
It is advisable that landlords take out measures to protect both themselves and their tenants including rent guarantee insurance.
Posted by Michael Brown
