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The Buy-to-Let market experienced considerable growth throughout the past five years. If you are reading this article you may be someone who contributed to this growth, either by adding to your existing portfolio or investing in your first property.
Ideally, you will have landed your dream tenants who treat the property with the utmost respect and care. Unfortunately, this is not always the case and even the most perfect tenants cannot prevent unforeseen damage. Determining responsibility for said damage can poise many grey areas and uncertainty on who is liable for restoration and damage costs.
Property maintenance is essential if you want to keep your property in a good condition. Negligence in dealing with small repairs runs the risk of escalating into major issues. For instance, a small drip can result in significant water damage if it is not fixed. Whether you’re a homeowner, landlord or tenant taking charge and protecting your property will benefit your home.