Landlords 'must be aware of the law'
17th May 2012
Buy to let property investment can be a lucrative business, but landlords need to be aware of the law if they are to be successful and the process is to be trouble-free, one expert on the subject has noted.
Tessa Shepperson from Landlord Law said that the main problem for landlords is not knowing what the law is.
If landlords deal with things properly and comply with the various regulations then they should be fine, but the problem is when they are ignorant of these, she noted.
"You cannot be a landlord by instinct. You do need to learn about your legal rights and obligations. Landlords are deemed to know these, and ignorance of the law is never a defence or a valid excuse," the expert explained.
Ms Shepperson added that, in particular, there are strict rules about having all paperwork in order and the notices for repossession claims, but these are just the tip of the iceberg.
Landlords need to carefully study the legal issues pertaining to the rights of themselves and their tenants as far as rental property is concerned, and not leave any stone unturned, she added.
As long as all the boxes are ticked, the experience is likely to be a happy and successful one that goes without a hitch, the expert said.
Posted by Staff Writer: Robin Stenson
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