Any would-be private landlord considering setting up tenancy agreements for their property has been urged to be careful.

Price comparison website Moneysupermarket.com said that landlord insurance is a vital part of the whole renting process, which may be information particularly useful to those individuals not familiar with the buy-to-let sector.

Indeed, various reports over the last few months from organisations such as the Association of Residential Letting Agents have suggested that there has been an upturn in so-called accidental private landlords due to the slow property sales market.

Steve Sweeney, head of home and motor insurance at Moneysupermarket.com, said letting out a property "may seem like an attractive way to source extra income in the current climate".

However, he also indicated that seeking landlord advice will be beneficial, before adding: "I urge anyone looking to jump on the landlord band-wagon for extra cash to proceed with caution."

Written by Mark Garner
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