Are you a self-managing landlord looking to save money? As professional letting agents (property management company) in the UK, we often deal with self-managed landlords and while we want to
For years, landlords in the UK have been navigating what feels like a never-ending maze of regulations, each more complicated than the last.
Landlord regulations in the UK are not just complex, but also incredibly dense. They may be more difficult to navigate than in any other country, which can make it very hard for landlords to do their jobs without facing some sort of legal trouble. While these regulations are intended to protect both tenants and landlords, they can be time-consuming and cumbersome for many landlords.
Ensuring to be compliant
Self-managing landlords have a lot of responsibilities. There’s the day to day running of the property, making sure that it’s safe and clean, as well as collecting rent and keeping on top of repairs. But one of the most important jobs a landlord has is ensuring that they are compliant with all local, state, and federal laws.
Ensuring compliance can be difficult, but it is critical. If a landlord violates a law or regulation, they could face serious fines – or even lose their entire investment in the property.
It comes down to the fact that estate agents work around the clock to ensure that all properties under their management comply with regulations pertaining to health and safety and other obligations. They have dedicated teams with knowledge about these issues to help them stay on top of everything. Moreover, experienced agents can also leverage technology to their advantage, whereas self-managing landlords simply don't have anywhere near the same resources at their disposal.
There are many complex regulations that come into play when you’re a landlord, and if you don’t know them, it could cost you.
You could end up paying fines, getting banned from acting as a landlord, or even going to jail for breaking the law.
The best way to protect yourself is to work with an experienced letting agent who can help you navigate the world of property ownership and let you know what your responsibilities are.
Are you a landlord looking for peace of mind? Bluestone Properties are one of the most trusted agencies in the UK, and we will ensure that your properties are fully compliant, and your tenants are fully vetted. If your property is not currently compliant, then we can help with you. Simply get in touch here.
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