If you have just returned from work to find that ToLet signs have sprouted in your neighbourhood whilst you were unaware, then you are witnessing the spread of the accidental landlord trend – yet another phenomenon of the current downturn not seen in previous times of turmoil.
For most accidental landlords, are at the same time becoming tenants, installing themselves in to the homes of other homeowners that cannot sell their homes. Often these changes of address mean an upgrade, better kitchen in a better neighbourhood.
There are more than 70 sets of regulations and 50 Acts of Parliament governing the private rented sector and landlords risk large fines if they fail to comply with these.
A good nottingham letting agents will always be able to recommend good tradesmen at good prices should any work need doing in the property. The agent would make sure that all laws and regulations are abided by and you should be advised accordingly. Landlords can and always should use the services of a professional letting agent to find a suitable tenant and manage the property.