The National Landlords Association is issuing guidance to landlords about their obligations to tenants after discovering that over a quarter of landlords have been letting for under five years.
Research conducted by the NLA shows that 27 per cent of landlords have been letting for less than five years, with 14 per cent letting for just two years. Some 21 per cent have been landlords between six to 10 years and just over half have been operating for over a decade.
The figures correlate with the NLA's recent findings that the proportion of part-time or amateur' landlords - those not necessarily securing the bulk of their income from lets - is now at its highest ever level, comprising 70 per cent of the sector.
Even the most seasoned of landlords experience problems, so it's crucial that anyone new to the industry is aware of their obligations. Landlords should make sure they educate themselves, legally and professionally. A tenant should be safe and comfortable in their home and ignorance is no excuse claims NLA chief executive Richard Lambert.
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Comments
So what they're really saying is if you're inexperienced, you're more likely to be useless. This guidance comes across as a little patronising. As a landlord who is just starting out myself, I know I'm going to be far from perfect and am going to need help, but they could have worded it better. I'm fully aware of my obligations, legally and professionally, I wouldn't have started this venture if I hadn't researched that first, so this just feels a bit like stating the obvious from the NLA.