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What Are Landlords Responsible For
Manage episode 412635994 series 3504934
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Mark discusses the responsibilities of landlords in today's podcast.
If you have purchased a property with the intention of renting it out or using it for serviced accommodation, it is crucial to ensure that the property is adequately insured and has the correct mortgage.
One common mistake that landlords make is obtaining the wrong insurance, so it is important to have "Landlords Insurance" to ensure that you are adequately covered.
Landlords insurance covers a variety of things, such as loss of rental income, theft, fire damage, and many other risks. Therefore, it is crucial to ensure that your property is insured appropriately.
The safety of tenants is of utmost importance, so it is essential to have fire alarms and carbon monoxide detectors installed. Mark recommends joining the NRLA (National Residential Landlords Association) as they provide a checklist that landlords can use to ensure that they meet all the required safety regulations.
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