I’m swot­ting up on 550 rules and regs

Is press­ing on with her plan to ditch let­ting agents to save cash. There’s rather a lot of small print to wade through…

London Evening Standard (West End Final B) - ES Homes and Property - - Letting On -

in Lon­don re­cently joined the NLA and has found its train­ing ses­sions in­valu­able. “They were a real eye­opener be­cause there were so many things that I was un­aware of, and that’s af­ter a quar­ter of a cen­tury of let­ting prop­er­ties,” she told me.

“I’ve al­ways prided my­self on be­ing a good land­lord. I take care of my prop­er­ties. I look af­ter my ten­ants. I keep up to date with all the lat­est leg­is­la­tion. But the prob­lem is, you don’t know what you don’t know.”

Not only is my friend a land­lord, she is also a very ex­pe­ri­enced lawyer. So if she has gaps in her knowl­edge, there’s a pretty good chance the rest of us have some gap­ing holes we’re un­aware of, too. I should also point out that my friend used a tra­di­tional let­ting agent to find her ten­ants for many years, and felt that they hadn’t spelled out all of her le­gal obli­ga­tions.

Other land­lords tell me that they have found the Na­tional Land­lords As­so­ci­a­tion ad­vice line re­ally use­ful when their let­ting agent has been un­able to fur­nish an an­swer to a query, such as how of­ten to check smoke alarms.

So, all things con­sid­ered, I am stand­ing by my claim that land­lords can save them­selves a for­tune by dis­pens­ing with the ser­vices of a tra­di­tional let­ting agent.

How­ever, all land­lords — in­clud­ing those who do use agents to man­age their prop­er­ties — must en­sure they are fully aware of all the rules and reg­u­la­tions.

£2,002 a month: a two-bed­room apart­ment is avail­able to rent, fur­nished or un­fur­nished, at Comp­ton House in Tav­i­s­tock Place, Blooms­bury. It’s near the Brunswick Cen­tre for cinema and shops. Through Frank Har­ris (020 7387 0077).

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