Directory of Sundridge Park Blogs and Bloggers

As a landlord, you are basically using your rental property for generating extra income, and you need to safeguard it. Successful property investment is essentially all about transferring or offsetting your risks to another party. In order to this, you will need insurance policies that are specifically designed for rental properties. A common mistake many landlords make is assuming that standard domestic insurance covers are sufficient. However, the truth is, many risks associated with rental properties are simply not covered. A landlord’s insurance policy on the other hand will provide comprehensive cover for your rental property right from buildings and contents coverage to property owner’s liability coverage. However, when purchasing a landlord’s insurance policy, you should make sure that all aspects of your rental property are appropriately covered. Here in this article we will take a look at what all should be included in your landlord’s insurance policy.

Rental Property Landlord’s Insurance: What to Look For?
Here is what a typical landlord’s insurance policy for your rental property should include -

 Building Insurance - This is certainly the most important cover - you never know what might go wrong with the rental property and repair charges can be sky high. Under this coverage, the building is insured against risks like fire and floods for the repair or rebuilding costs. Additionally, in some cases subsidence or terrorism can also be purchased from most insurers as an optional extra.

 Content Insurance - This is particularly important if you are letting your rental property furnished or semi furnished. It will provide coverage for your furniture, fixtures and fittings.

 Accidental Damage Cover - This will provide coverage for costs of any repair or replacement of items due to accidental damages caused by the tenant.

 Coverage Between Tenants - Most landlords will face periods when their rental property is unoccupied after a tenant has vacated the property and before a new one moves in. This can be quite a risky time as your property is empty and an easy target for vandals and squatters. Landlord’s insurance for unoccupied rental properties can provide appropriate coverage in such cases.

 Landlord’s Liability Coverage - If a tenant or any other person injures themselves because of something dangerous on your property, they could make claims of damage against you. Landlord’s liability coverage will pay for such damages along with the legal costs.

 Loss of Rent - This will provide coverage for the loss of rent or the costs of alternative accommodation should the rental property become uninhabitable such as in case of fire or flooding, while repairs are being carried out.

Make sure you look for these covers when purchasing a landlord’s insurance policy. For more information on landlord’s insurance policies or for an online quote, visit our landlords’ insurance page at http://www.rentaltrader.co.uk/product/view/landlord_insurance/9 or call Endsleigh on 0800 783 2526 and mention Rental Trader.

As a landlord the first thing you need to do when letting your rental property is getting a tenancy agreement. Your tenancy agreement will clearly define the responsibilities and legal obligations of the tenant and the landlord (you), term of tenancy, rent amount and various others details about the tenancy through different clauses. All these clauses are important and need to be carefully checked before you get the tenancy agreement drafted. One of the most important clauses that you, as a landlord, need to give careful thought to, are clauses related to ending the tenancy. Here in this article we are going to take a look at what things a landlord should know about ending clauses in a rental property tenancy agreement.

Rental Property: Ending Clauses in Tenancy Agreement
When it comes to ending clauses in rental property tenancy agreements, you as a landlord need to keep in mind that, statutory provisions for terminating a tenancy will override any other private agreement between you and your tenant. For instance any clause, which says that the tenant should provide a notice (one month, two months etc.) when he wants to vacate the rental property at the fixed term’s end, will be void, as tenants have the right to leave the property, by law, once the fixed term has ended without providing any notice.

In the event that the tenant continues to reside in the rental property, after the end of the fixed term, the tenancy will become a periodic tenancy. Any clause in the tenancy agreement that requires your tenant to provide a notice period that is longer than what is required by general law (such as 1 month for monthly tenancies, 28 days for weekly tenancies etc.) will also be rendered void.

Another clause that you need to give careful thought to is the forfeiture clause. The forfeiture clause deals with re-entry into the rental property, in the event that the tenant defaults on rent payments for 14, 12 or more days. In the past, this clause allowed landlords to physically re-enter the rental property and turn out the tenants, while also confiscating their stuff to pay for the unpaid rent amount. However, things have changed - re-entry can now be done only by getting a court order for possession. Also, forfeiture is now forbidden by the Housing Act 1988. However, the forfeiture clause has still been left in as it is still important in some cases. This clause can allow landlords to bring a claim as per the ‘grounds’ in the Housing Act 1988 during the period of the fixed term. These days all forfeiture clauses refer to the Housing Act grounds for possession. However, the Office of Fair Trading has made it clear that the forfeiture clause should not be misleading. The OFT also says that the clause must clearly state that tenants can be evicted only after the landlord obtains an order for possession from the court and that tenants retain their rights as per the Protection from Eviction Act 1977.

For more information or for purchasing a tenancy agreement, visit Rental Trader today.

Allways property services offer a personalised quality service. All our staff are fully trained and insured. Call us or visit our web site.
0800 756 1033 07949 105 646

i've just had some work done on my property, had my driveway slabbed, exterior and interior decorated, and also new fences. All work was of a high standard, and friendly service. the builder is called roy, 07860253635

NEWJ is a blog about life in Hither Green and surrounding area. I talk about places to visit and to what events are happening in the local area. To new recipes I'm making and also elements of my own photography.

This a web log about Catford and the pursuit of the perfect kebab.

Lighthearted news and views from South-East London

Catford's weekly sewing and knitting group blog. Join us for the fun, the tea, the garments!

Commenting on and giving helpful suggestions to manage or improve finances. Understanding how emotions and beliefs can influence your behaviour aound money.

this is about my views and life in lewisham, and i know i cant spell!!!

Visit our blog for furniture information, offers and up-coming sales. Oak & pine furniture and beds. Based on Lee High Road. Furniture for every room in the home.
Quality solid wood furniture at reasonable prices. Free local delivery.

click on the link to view the menu we do burgers to so please ask free delivery to business,offices,houses minimum order is £7.00 delivery takes 30-40 mins opening times mon-fri 8.30am to 4.30pm please call 02081664585
www.aandssandwich.co.uk

We would like to inform you of plans in place to open a new Primary School on Shooters Hill under the Governments new initiative, focusing on providing a school with a French and Arts focus for families in the area. The school will open September 2011. The school will be open to parents who live in Blackheath and Greenwich.

family run buisness for over forty years
carring out all your building needs we are always working in blackheath
we give free quotations email fsbuilders@hotmail.co.uk

Hi everyone, I am a female interior decorator who has worked in south London for many years. I take great pride in my work and I am very happy to offer help and advice to anyone thinking of decorating.

A community site dedicated to Brockley life, including news about the area.

Blog about trans-Atlantic translation, Jews and Jew-haters, the old and new Stalinists, islam and secularism, contrarians and refuseniks, and South London.

A fun blog about unusual handcrafted jewellery, lots of info, tips and great deals.

For all the latest news and advice on health, diet and exercise, including upcoming fitness and healthy life events in your local area.