What are the risks of renting a property off the books?
Renting a property is a legal process – and avoiding it has consequences, both financially and personally. New landlords may be tempted to avoid declaration for many reasons – from misconceptions about what’s involved to a fear of tax consequences or a heavy administration burden. But renting a property the right way and becoming a landlord isn’t as difficult as it seems. There are checks and balances to make, but there are ways to simplify the process and stay protected.