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LandlordZONE Newsletter - November 2009

This issue - New Legislation for Landlords:

Gone are the days, it would seem, when the occasional landlord or even the professional landlord could let a property on a whim, with the minimum of paperwork and legal knowledge.

Anyone letting a property today, including the reluctant or travelling landlord letting his own home, must have a good grasp of the letting laws, and this requirement is likely to grow as new laws are introduced.

No doubt this will please the letting agents, as more landlords will rely on their expertise to steer them clear of trouble, and the best agents do a good job in this.

Whilst it might seem a logical and perhaps desirable next step to bring in regulation of letting agents, given the trust that landlords and tenants must place in them, and the monies they hold as bankers, is it a step too far to require licensing of every landlord and their properties, in the country?

Today we are faced with several pieces of legislation which could take the process of letting property to the next level—a situation which may increasingly discourage particularly occasional landlords from offering their much needed housing accommodation.

In this issue of the LandlordZONE Newsletter we explore the breadth of the proposed changes and their likely impact over the coming months.

Just one example is the possibility of landlords being held responsible for water bills: the cost would inevitably go on rents, but metered water bills would increase considerably as there’s then no accountability or incentive for tenants to save water.

Tom Entwistle, Editor

This newsletter was written by David Lawrenson of www.LettingFocus.com – home of Independent Unbiased Property Investment Information and “Successful Property Letting – How to Make Money in Buy to Let” – consistently the UK’s top selling property book for the last three years.

This issue is sponsored by: Cover4LetProperty

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The LandlordZONE Newsletter is a monthly publication currently e-mailed to over 44,000 landlord subscribers -  Newsletter Archive

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