Arrange a viewing for: Landlords, are you prepared for Right To Rent? - £

captcha
Free valuation Careers

Search site

Landlords, are you prepared for Right To Rent?

20 Jan 2016
Landlords, are you prepared for Right To Rent?

This morning’s edition of Letting Agent Today reports on a survey of 5,000 landlords conducted for urban.co.uk suggests that half of them are not prepared for the introduction of Right To Rent in under two weeks from now.

Some 20% believed that they had until April 2017 to prepare for the changes while 3% believed they had until 2018 to get ready.

The new legislation will require all landlords and agents in England to check a tenant’s immigration status or ‘right to rent’ in the UK. A failure to prepare could leave landlords at serious financial risk, with potential fines of £3,000 if they do not comply.

Thankfully, if you are a landlord of Northfield Estates your tenant reference checks will automatically now check for immigration status and you will be covered.

The broad-reaching survey also revealed that 90% of landlords were apparently unable to define a House in Multiple Occupancy, and over 15% were putting themselves at serious financial risk by failing to provide a valid contact address on tenancy agreements.

However, thankfully 77% were aware of the need for an up to date Energy Performance Certificate, 95% correctly identified their gas safety responsibilities and 76% also knew of the need for a smoke alarm on every floor.

For more information about choosing a regulated agency, please contact us on 0208 567 6660.

BlogCategories

BlogArchive