Up to 75% of landlords may not know the law

Posted: 28/7/2019

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Up to 75% of landlords have admitted to struggle in keeping up with current legislation, according to a report by Citizen's Advice. Landlords who don't know the law risk prosecution, fines, losing tenant disputes and tenancy agreements becoming un-enforceable. And it's not hard to see why, as more and more legislation has been heaped on landlords over the past five years with potentially more to come. We regularly see these issues from landlords who let and manage themselves but have not kept up with the latest legislation and regulations. Deposit protection is one of the worst - landlords who do not protect deposits could end up having to pay a tenant three times the deposit amount. Health and safety is another issue where landlords can easily fall down: do you know the law concerning gas, electricity, fire and risk assessing? Fine until something goes wrong! Landlords cannot simply "let and forget". If you don't have the time to manage your property then get an agent who will look after it for you. It is a very small price to pay considering the financial losses that could be incurred. At Key One Property we fully understand that costs matter, that's why we are very competitive with our fees and don't charge VAT. We can ensure that you keep on the right side of the law, and that is worth much more than we will ever charge you! Contact us here for a chat - no obligation.

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