Landlords will need to foot the bill for damage caused by pets under a last-minute amendment to the Renters’ Rights Bill.
Commercial landlords are now on high alert following a recent high court ruling over insurance commissions
The government has rejected calls to introduce an additional pet damage deposit as part of the Renters’ Rights Bill.
Half of private renters either don’t have contents insurance or don’t know what it is, leaving them financially vulnerable to theft, damage, or loss.
The government has promised to clarify guidance outlining that tenants can soon request to keep more than one pet.
A pledge by insurance brokers could mean owners of flats in buildings with identified fire safety issues see significantly lower insurance premiums.
Landlords are coming under increasing financial pressure given as reports of a 41% increase [i] in buy-to-let mortgage arrears and a 7% growth [ii] in buy-to-let mortgaged properties taken into possession have emerged.
