Renting your property to a tenant, who later becomes uncooperative, can lead to the tenancy often ending with time consuming disputes, potential lawsuits and eviction costs. All of which are likely to have a significant detriment on your mental welfare and finances. However, employing the right techniques at the right time can help limit your exposure, actually promote the longevity of a strong, mutually beneficial tenancy relationship and maximize your return from the property investment.
Keep reading this article to learn some effective strategies to deal with difficult tenants.
Strategy # 1: Make Sure the Agreement Is Detailed
At the commencement of a tenancy relationship, it is helpful for the parties to have a good understanding for what they want from the relationship. Engagement with the prospective tenants is beneficial. To this end, you should provide a detailed and robust tenancy agreement that includes what the parties expect from one another but also how issues will be dealt with should they arise. A robustly worded tenancy agreement will help you work with your tenant fairly to resolve minor issues before they escalate into a full blown dispute. It is believed that there are literally points of no return from a dispute, which then make resolution far more difficult and where the financial detriment elevates exponentially. It’s therefore in your interest to avoid actions which escalate a situation towards these red lines but it is also recognized that a relationship is two way and both sides need to cooperate and act fairly and reasonably to secure a resolution!
Strategy # 2: Ensure Direct Communication
Often miscommunication is the culprit behind disagreements and difficulties between landlords and tenants. Clear and direct communication with your tenant can help deal with problems, like rent arrears, in an effective manner without ruining your relation with them.
Strategy # 3: Purchase Landlord Insurance
Landlord insurance is not a silver bullet to risk but can mitigate certain losses should your tenant fail to pay the rent or damage the property.
This type of insurance can come in all shapes and sizes depending upon the extent of cover you want. Clearly, the cost of the premium will correlate with the cover sought so it’s in your interest to review what’s on offer and select what will give you peace of mind. As an example, third-party liability can protect you from claims made against you by a tenant. You can also secure rent and legal costs cover in the event your tenant defaults on their rental obligations and fails to act in a meaningful way upon service of a section 8 or section 21 notice.
Landlord insurance should be regarded as one stream, potentially out of many, to create an effective strategy to mitigate risk, protect you and enhance the benefit you derive from property management/investment.
Strategy # 4: Update Property Inventory
An robust written inventory supported by photographic evidence, detailing the property’s condition including any furniture, appliances, and their condition, is essential if there is any hope of recovering the deposit in the event of damage at the end of the tenancy beyond fair wear and tear. It is helpful to have the tenant acknowledge and accept the report once drafted.
A robust inventory will help you if the tenant doesn’t take responsibility for the cost of remedying any depreciation of the property’s condition at the end of the tenancy.
Contact Landlord Assist For Landlord Legal Services in Kent
If you’re looking for professional legal advice on dealing with a dispute with a tenant, or perhaps your tenant has stopped paying the rent, then Landlord Assist can certainly help you.
The leading eviction company has a team of residential tenancy and residential eviction specialists UK who can help you navigate the complex tenant eviction process. They also offer various other services such as deposit registration, rent arrears recovery, landlord and tenant legal services; including mediation, serving section 8 and section 21 notices, and much more. Talk to them for free, impartial and practical advice.
Get in touch with them to learn more.