Ensuring that social housing is unbiased and provides a springboard to permanent housing and long-term security is an ongoing concern across the UK. Due to this stated priority, there have been almost constant ongoing tweaks in the legalities that govern landlords in the UK, particularly within the last decade. The minefield of potential infractions for which a landlord could be penalized is daunting. Safety and proper usage are big concerns. For example, a landlord that is not properly licensed to let an HMO, or home for multiple occupants of differing households, can be penalized. If a tenant experiences a mold problem, or a smoke detector fails to act to ensure safety, these issues can result in landlord penalty. If a landlord is found liable, due to a regulatory infraction, she could incur a stiff monetary penalty, be barred from future employment as a landlord and potentially serve jail time. With potential steep penalties facing landlords that do not comply with all regulations, the wisest move is to hire a managing agent. Such an agent oversees day to day administrative concerns and ensures that all regulations are met.
Key Takeaways:
- There are numerous instances that could result in legal penalty for a UK landlord, one such being if a notice was improperly served against a tenant.
- Failure to get the proper licensure required to let a property as a house in multiple occupation could result in legal jeopardy for a UK landlord.
- To ensure total compliance with all legal UK strictures governing the landlord business, it is wise to employ a managing agent.
“The lettings industry is heavily regulated, with around 168 specific laws now that landlords and agents have to abide by in England and Wales.”
Read more: https://www.your-move.co.uk/blog/what-are-the-penalties-for-landlords-who-break-the-law
Leave a Reply