Discover more about renting—it could pay dividends. Totally Money's Mark Maloney recently told Letting Agent Today that knowing your rights and being able to spot warning signs means you're well prepared in the event of an issue or a dispute.
We agree 100%. At Ringley, we are fully committed to helping our clients and their residents stay as well-informed as possible, but we weren't entirely surprised to read that a recent survey carried out by the credit report website revealed that tenants know a lot less than they should about the rental sector. This is also a problem among long leaseholders. In many cases, tenants and flat owners need to learn more about their rights and responsibilities. According to Totally Money, a staggering 97% of renters do not know their full rights, while 50% don't know if their landlord could change their rent without notifying them. Perhaps more worrying is that 38% of people renting a house or flat don’t know when the landlord is allowed to enter the property.
And it's not just tenants who don't have as much information at their fingertips as they need. Some landlords also need to be better informed. The most searched questions landlords regularly ask online are pretty basic and include:
Our website at www.ringley.co.uk is packed with helpful information. Need to know more about block management? Are you thinking of buying or extending your lease? Are you interested in the right to manage or build to rent? Need legal or financial advice? Whether you are a tenant, a landlord, or a developer, we have something for you. We have teams of block managers, legal specialists, surveyors, engineers, and finance professionals with experience in just about everything you can think of that's related to property. If you need help finding what you're looking for online, one of our experts will be able to answer your questions or point you in the right direction. Just give us a call. We're always here to help.
Knowing your rights as a tenant or landlord can help prevent disputes from escalating. By staying informed, tenants can ensure they are aware of when rent can be changed, when a landlord has the right to enter the property, and other essential rights. Likewise, landlords who understand tenant rights can ensure they maintain a smooth relationship with their renters and avoid potential conflicts.
It's clear that landlords often have a lot of questions about managing rental properties. Understanding how to manage deposits, tax responsibilities, and insurance needs is crucial. By educating themselves on these common concerns, landlords can better navigate the responsibilities that come with property ownership and avoid potential issues down the line.
Whether you're a tenant, landlord, or developer, it’s always beneficial to seek advice from property experts. At Ringley, we offer guidance on block management, lease issues, legal and financial advice, and much more. Our team of professionals is here to provide the support and information you need to navigate the complexities of property management and ensure a positive experience for everyone involved.
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