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Follow on Google News | Accidental Landlords – the Home Hunter’s ChallengeBy: Sarah Faulkner Lettings & Management While most of those new landlords conduct the research needed to ensure they are fulfilling all the rules and regulations demanded by the lettings business, those who fail to meet up to their responsibilities can leave tenants exposed and at risk. “There are a number of crucial do’s and don’ts that new landlords need to be aware of if they are to legally offer rental property to tenants,” added Sarah who has 25 years experience in Property Lettings and Management. “And failure to follow those rules can have devastating consequences. “For instance, Landlords who let property without the permission of the mortgage lender can be subject to ‘mortgage fraud’ leaving insurance policies null and void,” added Sarah who has clients in Crewe, Nantwich and North Staffordshire. “Many landlords use letting agents because they know they are fully up to date on the rules and regulations of the property rental business. However accidental landlords are less likely to have that level of industry knowledge having started renting following a property inheritance or perhaps the availability of spare rooms. “That’s one of the reasons why I’ve posted my Top Tips for Accidental Landlords on my website. It gives newcomers to this industry sector a simple-to-understand guide that covers everything from Deposits, which must be registered by every landlord who takes one, to Energy Performance Certificates that landlords must give to tenants. “Having had many years experience in the property lettings and management sector, I know only too well the importance of understanding this business,” added Sarah. “That’s why it is so important that new accidental landlords do their best to familiarise themselves with the existing rules and regulations. “That way they can ensure both landlord and tenant get the best deal possible from their arrangement. To check out Sarah’s tips for Accidental Landlords click onto: www.sarahfaulkner.co.uk/landlords or call Sarah on 07925 231 223. ENDS End
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