| Industry News |
|
| News » Residential Property Law » Landlords urged to act to protect rent |
|
14/09/2009
Landlords urged to act to protect rent |
|
Landlords of residential property have been advised to do more to protect their rental income in the current economic climate.
Editor of residential investor magazine Property Hawk Chris Horne stated that the overall picture for landlords is one where the average rent level has stopped falling.
"Over the last six months, our research shows that rent [has] actually risen 2.2 per cent, [so] although they have fallen over the last two years they are actually starting to rise again," he stated.
Mr Horne advised that getting insurance against a lack of rental income when space is not let is highly advisable.
Those renting out homes may also wish to consider taking advice from a property lawyer about how to deal with eventualities such as non-payment.
A recent study by Direct Line for Business found that there is a widespread concern among landlords over the prospect of not receiving payment from their tenants.
It found that 30 per cent of investors shared this concern.
Written by Laurence Smith
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive