Overlooking something as simple as proper landlord insurance or protecting the tenant’s deposit could mean you face penalty fines or even break the law.
Being a landlord is not easy; there are plenty of laws that govern the private-rented sector and the consequences of not knowing, or understanding them can be disastrous.
Help is at hand from deposit protection experts, mydeposits with a free Landlord Lifecycle ebook.
It explains renting, and how to get it right before, during and at the end of the tenancy, covering key topics:
• Preparing and marketing your property
• Carrying out an inventory and tenant checks
• Getting the right insurance
• Protecting the deposit
• Successfully managing your property
• Dealing with end of tenancy issues
Supported by experienced landlords…
Experienced landlord and contributor to the guide, Richard Blanco says, “I’ve been a landlord for 11 years and have heard countless stories from new landlords who’ve been caught out for not understanding their obligations, what to do or when to do it, so I’ve helped write the Landlord Lifecycle video to pass on my experiences, help others avoid the potential pitfalls and ensure a happy tenancy for all.”
Download your free Landlord Lifecycle ebook here.
This article was contributed by myDeposits.
For young people it can be hard to rent privately, even in shared accommodation. Rents are rising in areas of high demand and limited supply, and you need to come up with a deposit as well as rent in advance. If you haven’t got a job or received your first pay check yet, it’s going to be tough to put a roof over your head as well.
We’ve discovered that there are some sources of help available, primarily for young people who are vulnerable, disabled or at risk of becoming homeless. Crisis, the homelessness charity, has a handy search facility where you can find schemes in your local area willing to offer support. This is often in the form of deposit loans, rent advances or deposit guarantees – this latter where a charity will guarantee they’ll pay the landlord, rather than you having to find the cash.
Search the Crisis access scheme database
Please note that Crisis does not provide deposits or rent in advance to access private sector rented accommodation.
The Crisis Private Rented Sector Access Development programme, which provides housing help for single people at risk of homelessness, has been boosted by a cash injection of £1.2m, announced by the Housing Minister, Mark Prisk, today. This welcome additional funding will help more young vulnerable people find the accommodation they desperately need, and often struggle to afford even if they’re in paid work.