Welcome the Accidental Landlord??
The owners of family houses who want - or need - to move but cannot find buyers for their home and cannot reduce the asking prices of their properties are letting them instead, becoming landlords by accident.
While this provides a welcome increase in houses to let, many of the new landlords are totally unaware of the many regulations required.
There are over 50 Acts of Parliament and 70 sets of regulations governing the private rented sector and landlords risk large fines if they don’t comply with these laws.
Landlords can and always should use the services of a accidental landlord to find a suitable tenant and manage the property. The agent would make sure that all applicable laws and regulations are abided by. A decent lettings agent will be able to recommend tradesmen at honest prices should any work need doing in the property.
