Legislation, Regulation & Aggravation
We’re very close to launching our new website and I’ve been busy writing all the copy from scratch which is quite a mammoth task. One section I’ve just started is about all the rules and regulations for landlords to abide by and having written the list it even surprised me how many different pieces of legislation there are that we have to adhere to.
We have to work hard to keep up to date with all the changes that could cause a problem for us as agents and it got me thinking what chance does an individual landlord have of knowing exactly what to do to protect themselves?
Recently I had a call from a landlord arguing with me about the need to protect a tenant’s deposit within one of the government approved schemes, this is legislation that changed back in 2007 and could very easily result in the landlord not being able to issue notice to the tenant and/or being fined up to 3 times the amount of the deposit paid.
The legionella risk assessment that is now an obligation for all businesses regardless of whether you have a water tank or not also applies to landlords. This was disputed recently by a landlord who said that other agents had told him it wasn’t necessary, the confusion appears to stem from the fact that the Health & Safety Executive have stated that testing for legionella is not an automatic requirement, which is true. I am not too bothered what other agents advise their own clients but it is annoying when it is incorrect and causes us to have to spend more time confirming to our landlords that it is necessary to assess the risk adequately.
When I think about landlords with a family, managing one or two properties alongside their full time job or business, it amazes me how many people want to spend their free time doing things such as viewings, decorating or dealing with problems when they could be paying an agent to take all the hassle away from them.