Renting out your apartment to tenants is usually an exciting development. But before you start showing the place or signing any leases, there are a few legal obligations you need to be aware of. The requirements aren’t too complicated, but one of the common mistakes landlords make when renting is failing to obtain the proper documentation, which can result in hefty fines or even legal trouble down the road.
So you’re thinking about renting out a property, but the world of insurance feels confusing. Is landlord’s insurance really necessary? And can you simply rely on your current homeowner’s policy?
In an ideal world, no landlord would ever have to end a tenancy early. Unfortunately, however, we don’t live in an ideal world, and as a result, ending tenancies early is something that both landlords and tenants have to be prepared for. Given that it happens so often and for so many reasons, there’s a lot of confusion out there when it comes to what the specific precedent needs to be in order to comply with UK law. A single Google search throws up thousands upon thousands of results, meaning that for landlords and tenants both, the topic can be overwhelming at times.