Residential Landlords who need advice on the legalities of property management, possessions and repossessions can take advantage of a specialist Property Recoveries and Litigation unit developed by law firm Spratt Endicott.
The new unit will provide expert, legal support specifically for landlords, agents and developers.
It will offer tailor made property management packages for clients to legally maintain property assets and agreements with tenants and mortgagees.
Martin Hughes, head of the Spratt Endicott Commercial Recoveries department said: “Our Commercial Recoveries department is well established and respected and we have an expert team in place to support our clients.
“In response to the current market conditions, we felt it made absolute sense to create a bespoke property unit, and within this a specialist property recoveries unit, to assist lenders and landlords nationally who are coming under increasing pressure as people default on their payments.
“Generally the law provides residential tenants with considerable protection, so it’s essential for landlords and lenders to legally protect themselves and their assets too, and our team of specialist lawyers and advisors can offer advice and support for managing all the legalities involved with renting and lending.”
Spratt Endicott provides tailored property management packages for landlords, letting and managing agents, property investment companies and developers, which include: preparing contracts and legal documents; lease renewal, negotiation and termination; property litigation; property and rent recoveries; and advising on contractual disputes, building disputes and property rights disputes.
Hughes added: “It’s important for us to work alongside our clients and to provide a seamless consultancy service which makes their property management as stress-free as possible. The combination of our expert advisors and state of the art technology makes what could be difficult and complicated processes as simple as possible for our clients.”
• Letting isn’t money for nothing, warns Renting and Letting, a Which? essential guide.
In the current economic climate the guide is particularly aimed at people struggling to sell property who might choose to let it instead.
But it stresses Residential Landlords have a number of legal and financial obligations to abide by, or face the risk of prosecution and so it is not as simple as handing over the keys in return for cash.
Kate Faulkner, the author of the guide, said: “More people than ever are becoming ‘accidental landlords’ as they struggle to sell their homes, and for many, letting them out is the only option.
“However, it’s not just a case of swapping a set of keys for money each month. Being a landlord comes with many responsibilities and obligations, and failure to comply with these could result in problems for landlord and tenant alike.”
The guide gives advice and information on Energy Performance Certificates, deposit protection schemes, tax implications on rental income, and who is responsible for the general upkeep of rented properties.
It also points out that property owners need the consent to rent from their mortgage lender.
Kate Faulkner has written extensively on property and is the author of three other Which? essential guides – Buy, Sell and Move House, Property Investor’s Handbook and Develop your Property.
