As a Landlord, you have likely felt the pain and dealt with the struggles of having a tenant that causes you difficulties that you never could have foreseen.
The Insurer LV= has recently undertaken an analysis based on 1.5m Landlords, and the statistics to come from this show that 23% of Landlords have a tenant dispute at least once a year for reasons such as:
- Delayed rent.
- Damage to property.
- Cleanliness.
- Pets.
- Subletting.
Landlords often rent their properties for additional income, as it is essentially another business for them to run. In any other circumstance, if someone were damaging your business and your ability to generate income, they would be removed from the equation.
A Landlord and Tenant relationship is complex and heavily regulated. The LV= study shows that on average, a Landlord can spend more than £3,000 a year looking after their rental properties. That’s £3,000 more than you may have budgeted for.
WHAT TO DO NEXT
If you are a Landlord and feel you would benefit from a free legal consultation with one of our expert Solicitors, contact us from this page, or call Oakwood Solicitors on 0113 200 9720 and ask to speak to a member of the Litigation and Dispute Resolution team.
Danielle Lightfoot is a Director and our Head of the Financial Litigation Department. Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired ext…
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