Saturday, 16 December 2017

Landlords need to be alert

From April this year, all lettings agencies were obliged, under the Consumer Protection from Unfair Trading Regulations 2008 (known as

From April this year, all lettings agencies were obliged, under the Consumer Protection from Unfair Trading Regulations 2008 (known as CPRs), to declare anything material which may cause prospective tenants to change their minds about letting a property prior to them taking up a lease.

Factors such as ongoing damp problems, busy roads close by, or an increased flood risk (to name but a few), must all be made transparent to prospective tenants. If applicants are allowed to take up a let and later discover something that would have prevented them from doing so, the landlord could find they are liable for prosecution, which is why now, more than ever before, say Savills, it is important to market a property through a reputable agent and one who is a member of the Ombudsman Scheme and ARLA.

Investment and lettings expert Savills has sent a disclosure questionnaire to all their landlords who have property due to be re-let. Ali Bird of Savills at Henley Lettings said: “There has never been a time when it has been more important to market a property through a reputable agent.”

More News:

Latest video from

Youngsters dazzle at music competition
 

POLL: Have your say