Property management firms could save landlords large fines

Property management firms could save landlords large fines

Landlords can save a lot of money by signing up with a property management service to avoid health and safety fines.

Summary:

  • A landlord has been fined £9,000 for health and safety breaches
  • ‘Strong action’ is taken against landlords who do not keep their tenants safe
  • Property investors can use management firms to look after their assets and avoid this

Landlords could avoid having to pay large fines by letting a property management firm look after their buy-to-let asset.

Earlier this week, a landlord in the UK was charged £9,000 by the Royal Borough of Greenwich council after he left his property in an unsafe state for tenants to live in.

Rajanikant Mehendra Patel was found to have breached housing management regulations at Bexley Magistrates Court, as his tenants did not have water, electricity or a working fire alarm in their two-storey flat in Woolwich.

Councillor Maureen O’Mara, Cabinet Member for Environment and Community Safety, said: “We will take the strongest action against those landlords who disregard the safety of their tenants.”

Mr Patel was fined £1,000 for each of the nine offences he was found guilty of, while he also had to pay a victim surcharge of £120 and give the council £890 after it brought the case against him following a call from his tenants.

This is a warning to landlords to consider hiring property management facilities, which look after the maintenance of the quarters to ensure they meet health and safety regulations. Landlords, therefore, do not have to worry about amending problems in the property or adhering to government legislation, as the management firm looks after these issues.

Landlords can get a management company from the moment they buy a new property with some real estate investment firms. For instance, student property brand Vita Student provides a maintenance service, so investors do not have to concern themselves with decorating the property, sorting out tenants’ problems or fixing damage.

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