We often talk about the ‘fair wear and tear’ of a rental property, but the term is broad and open for interpretation. So, what is ‘fair wear and tear’? Where is the line drawn between this and outright damage?
Making the move to expand your investment portfolio and lease a property can be a daunting decision – sometimes it feels like venturing into the unknown. Before making the commitment and accepting your first tenants, it’s a good idea to get an understanding of what being a landlord is really like.
Property ownership is wonderful, but it comes with a level of responsibility. For starters, you have a responsibility to your tenants to ensure their home is safe, healthy and comfortable to live in. New laws came into place in July 2019 that introduced minimum standards for the heating, ventilation, insulation, moisture ingress, drainage and draught stopping of rental homes. But don’t fret – we’ve got you covered.