Tag Archives: residential landlords

Property owners should be aware, protect your tenants or be prosecuted!

October 19, 2011

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A man from Huddersfield prosecuted for failing to stick to his landlord duties

A man who rented out his property in Huddersfield has been prosecuted for ignoring the persistent warnings in relation to gas safety in the property. Property owners, many of whom already invest in landlords building insurance, should take extra care and take gas safety seriously and should be reminded of the dangers if they do not protect their tenants.

Gas appliances should be checked by a gas safe registered engineer and give tenants proof and peace of mind that all the checks have been done and everything is operating safely in the property.

Dr Angus Robbins is health and safety executive inspector and inspected the case, said : ” In addition to the risks of fires and explosions from faulty gas appliances, many people are made ill, and some 20 people dies from carbon monoxide poisoning every year owing to poorly maintained gas appliances.”

The landlord prosecuted was fined £3,000 and ordered to pay £2,089.25 in costs.

source http://www.hvnplus.co.uk/news

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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Buy-To-Let property- Great opportunities to property owners…

October 17, 2011

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Buy-to-let property offers great opportunities to property owners

Anyone getting involved with buy-to-let, anyone being potential property owners and investors, should be aware that by getting involved with buy-to-let can offer great opportunities for high profit yields but it can also come with certain risks.

This is the view of the chairman of the residential landlords association (RLA), Alan Ward, Who has spoke about his belief that demand for buy-to-let property from tenants is still there despite the financial crisis. Mr Ward however has reminded owners that even though there is a need for buy-to-let property insurance risks remain the same in terms of rising and falling property values.

Mr Ward said: “There will always be investors moving in and out of the private rented sector because it enables people to control their financial destiny through investment in housing. But the risks remain the same; values can fall as well as rise, as we have seen”.

It has recently been reported that void periods for the vast majority of properties are virtually non-existent.

RLA- Residential landlords association

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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