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Protect Rental Properties From Tenant Damage


Tuesday, September 30, 2014

28% of UK private rented sector (PRS) landlords have been forced to rectify damage to rental properties caused by tenants during the last 12 months

28% of UK private rented sector (PRS) landlords have been forced to rectify damage to rental properties caused by tenants during the last 12 months

Landlords Warned To Expect Damaged Properties At End Of Tenancies

28% of UK private rented sector (PRS) landlords have been forced to rectify damage to rental properties caused by tenants during the last 12 months, effectively wiping out any potential annual profits made by landlords without Tenant Liability Insurance.

The results of the research commissioned by the National Landlords Association (NLA), could potentially affect almost a third of the UK’s 1.5 million PRS landlords, with rental property repair bills costing thousands of pounds (GBP) to fix any damage caused by the tenants at the end of a tenancy.

UK PRS landlords without tenant liability insurance have had to pay for repairs to rental properties out of their own pockets in order to get the properties ready for renting again and the survey’s findings are a chilling reminder about the potential problems of owning rental properties.

Paying for property damage can be expensive, but even if the damage is accidental it is the tenant’s responsibility to pay for the repairs or the landlord will be entitled to deduct the repair costs from the deposit.  Tenant’s liability insurance offered by Legal 4 Landlords covers accidental damage to rental property for claims up to £2,500 (GBP).

Tenant Liability Insurance could cover repair bills at the end of a tenancy

Tenant Liability Insurance could cover repair bills at the end of a tenancy

The findings of the NLA research also showed regional differences in the reports of rental property damage with 46% of landlords in the North East encountering problems with damage to their properties caused by tenants in the last year, compared to just 21% of landlords in the South East who experienced similar problems.

It is worth reminding all UK private rental sector landlords to ensure they have the right insurance policies in place to cover all eventualities and to insure their investment against the unexpected and tenant liability insurance can help to cover expensive repair costs and protect the tenant’s deposit.

Carolyn Uphill, NLA chairman, said: “Property damage is just one of the many different problems a landlord can experience when letting property. Many landlords remain unaware that a home insurance policy will not provide cover for all eventualities, so we’re urging all landlords to protect their investments.”


This was written by Mike Clarke. Posted on at 11:30 am. Filed under Insurance. Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Follow comments here with the RSS feed. Both comments and trackbacks are currently closed.