Property News: New rental rules ‘impossible’


Share on facebook
Share on Twitter
Share on Google+

THE majority of UK landlords struggle to keep up with the raft of regulatory changes affecting the private rented sector.

Almost one in five landlords, that is 18.2 per cent, said they find it “impossible” to keep up with constant regulation changes, according to research.

A further 29.9 per cent said they find it “very difficult” and another 31.2 per cent find it “quite difficult”.

There are now more than 145 individual laws and over 400 regulations relating to the private rented sector.

All of this makes it harder than ever for landlords, particularly accidental landlords, to keep up with change and compliance.

The survey from property marketplace The House Shop found that just 5.4 per cent found it “fairly easy” to keep abreast and 3.6 per cent found it was “very easy”, while 11.7 per cent said it was “neither easy nor difficult”.

Experts say the survey results clearly show that landlords are being overwhelmed by the sheer volume and complexity of rules and regulations.

 

Read more


Share on facebook
Share on Twitter
Share on Google+

Subscribe To Our Newsletter