| Industry News |
|
| News » Commercial Property Law » Landlords should be 'proactive' |
|
24/02/2009
Landlords should be 'proactive' |
|
It has been suggested that property owners should use their initiative when it comes to their portfolio.
Smartlandlord.co.uk says that mortgage arrears in the private rented sector are climbing and it recommends that landlords protect themselves against this.
The website claims that landlords are unaware of rent guarantee products as a "means of fighting rental arrears, voids and the threat of repossession".
"It is vital that landlords take a proactive approach to managing their portfolio by making the best possible use of the tools available to them to save money and increase stability," it adds.
A recent poll by the National Landlords Association found that 71 per cent of landlords expected rent arrears to increase this year.
Michael Portman, managing director at Let Insurance Services, says that landlords are taking a risk by not taking out insurance policies to protect themselves against arrears in the current economic climate, particularly new amateur landlords.
 |
| |
| Related Articles |
08/01/2010
Office demand 'to focus on London'
The commercial property market will recover strongly in London in 2010, in contrast with the rest of the country, it has been predicted.
|
22/12/2009
Commercial property 'to recover slowly from recession'
Commercial property will only recover gradually in the near term as it is likely to be feeling the effects of the recession even after the economy starts growing again, it has been predicted.
|
18/12/2009
Commercial property market 'to pick up in 2010'
The use of commercial property lawyers in 2010 may pick up in the south-east as it has been forecast that the region will see matters improve as the year wears on.
|
16/12/2009
Business confidence increases
The use of business lawyers may be set to increase as a poll of firms has shown that levels of confidence are rising.
|
14/12/2009
New tax rule to "irritate" large commercial landlords
A tax break for cheaper empty properties is "welcome", but those who might use the services of a property lawyer for commercial transactions will go on being "irritated" by the commercial property rate tax they will still have to pay on large ones, it has been argued.
|
News Archive