Happy tenants 'equal to a successful investment'
2nd May 2012
Landlords whose tenants have high satisfaction levels and appear to be generally happy can class their investment as a success, one expert been noted, though there are many other reactors that buy to let property owners must bear in mind.
According to Malcolm Harrison, a spokesman for the Tenancy Deposit Scheme, it is not "rocket science" being a private landlord, but it is a detailed business.
The expert explained that there are a lot of things that people have to do to protect themselves and their tenants and to make sure that everybody is happy.
In this sense, the first and most important thing to recognise is that if people have a happy tenant, then they have probably got a successful investment on their hands, he added.
However, there are other things to bear in mind, the expert stated, including arranging for an annual gas inspection and ensuring health and safety regulation is complied with.
"You have got to make certain that you have done all of the things such as a proper tenancy agreement, taken an inventory and that you have registered the deposit with one of the deposit protection schemes, which is a legal requirement," Mr Harrison said.
Posted by Staff Writer: Ewan Robertson
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