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…
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).