Liabilities to look out for as a Landlord

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Unsafe Conditions

If your rental isn’t up to safety standards and your one of your tenants happened to be injured because of this, you’ll be liable for this. Make sure everything is in a safe living condition. For you and your tenants.

This includes making sure your rental property’s fire alarms are secure and working, there’s no mould growing throughout the house, conducting regular electrical check etc.

This post is sponsored by Tim Manning.

Allowing Pets

Pets, as much as we love them, can be damaging to your property. So if you are going to allow them in, make sure it’s made clear that any damages are to be immediately covered by the tenant.Image result for Liabilities to look out for as a Landlord

Damage.

A good tip for assessing damage at the end of a tenancy is by taking photos before they actually move in. Have photo documentation of what is already damaged and what isn’t to avoid any confusion between what was caused by the tenant or not.

Tenants up and leaving.

As aa landlord it’s always good to be aware that your tenant may, at some point, up and run. Leaving your house empty, possibly in bad condition, and no rent payments. Maybe even overdue rent that you’re sure not to get now. This comes down to making sure if your tenant is ever late on rent, to address the situation ASAP. Don’t leave it, hoping they will remember to pay. Also have a clause for this in your contract, covering yourself if a tenant does decide to leave suddenly. Outcomes like this can be covered by their bond however so money loss may not be too harsh.

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