Landlords Insurance – Tenants Rights
Landlords Insurance Tenants Rights
Landlords Insurance Tenants Rights
Landlords insurance is there to help protect people who rent their property whether domestic, or commercial against the worst that a tenant can throw at them. But it's very useful for landlords to know some of the basic tenant rights.
The majority of tenants are law-abiding, will treat a property with care and respect, and will pay their rent and leave on time. Unfortunately, not all will do so and as the economy continues to have problems, then more tenants could find themselves in the position of not being able to pay for the rent, or utilities. In which case, all those that rent properties, should have the support of good landlords insurance.
In the case of the domestic market, it's a good idea to both understand the basics of the landlords house insurance policies on offer, but also understand basic tenant rights.
You should also familiarise yourself with a number of the basic statues which apply to renting a property. These are the Landlord and Tenant Act 1985, The Housing Act 1988, The Protection From Eviction Act 1977; and, The Family Law Act 1996.
These laws give a tenant basic rights and when taking out a landlords property insurance policy, it's important that you acquaint yourself with the fundamental provisions.
As a landlord, you must not neglect the property which you rent. It must be fit-for-purpose' at all times. You cannot turn up uninvited at the property (a reasonable notice period is needed), nor can you threaten your tenants into leaving, or get others to threaten them. You cannot shut down utilities, nor take any aggressive action that is outside of accepted practices.
A tenant who feels that their landlord is not abiding by any of these fundamental principles, can prosecute under the Landlord and Tenant Act 1985.
Another key issue is eviction, a delicate issue at the best of times for both tenants and landlords. There are two types of eviction, mandatory and discretionary. Mandatory eviction is when the landlord desires to take the property back for their own use (to live in), or if the owner has gone bankrupt, or the house is being repossessed. Furthermore, it can happen if a tenant is more than two months behind with the rent, or they refuse to allow vital maintenance.
Discretionary eviction comes after a court has been asked to intervene, mainly because the landlord believes that the tenant has either broken the tenancy agreement (the contract), or lied in the first place to get the contract established.
This is just the merest glimpse into the complications of the landlord/tenant relationship, and one of the main reasons for taking out proper landlords insurance which can help protect against the main problems.
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