Risk management is a key issue for private landlords in the UK, it has been suggested.

According to Malcolm Harrison, spokesperson for Let Insurance Services, rental insurance is the "number one part"of managing risk.

He also indicated that it is important for landlords to gather good tenant references, although customers' individual circumstances can change once the tenancy agreement has started.

Talking about a hypothetical tenant situation, Mr Harrison said: "He's a good lad and he's earning and all the other things, but during the period of the tenancy things can go wrong when you have got times like we have today."

Earlier this month, LSL Property Services reported that landlord rent levels in the UK grew by 1.2 per cent in September, which followed on from August's 1.4 per cent increase.

Property Hawk website editor Chris Horne said that the majority of landlords are not considering dramatically increasing their rent levels in the near future. Instead, he claimed that their main focus is on keeping properties occupied.

Written by Claire DoyleADNFCR-2002-ID-19426154-ADNFCR

Related posts:

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  2. Tenant referencing ‘essential for private landlords’
  3. Private landlords told not to cut back on cover
  4. Private landlords ‘must take insurance seriously’
  5. Landlord rent ‘stabilising in line with economy’

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