Minimising Non-Compliance Penalties / Fines

Last week chatting through this subject with a very distinguished Financial Advisor we reached the Mutual Conclusion that if a Landlord hadn’t been fully Compliant in a Letting, that Landlord could have possibly more to fear from a Tenant making a claim against him/her for a Strict Liability Penalty/Sanction, than potentially from a Local Authority.

For example, if a Property isn’t properly Licensed it could involve a Landlord in a £30,000.00 payable Fine, to the Council, but to a Tenant there could very soon be a Two Year Rent Repayment Order made whilst Unlicensed, so for a Rent of £2,400.00 per calendar month this would be £57,600.00 and £30,000.00 to the Local Authority totalling £87,600.00!!!

If you are aware that your Tenancy has a Compliance challenge, consulting someone like ourselves with our considerable knowledge and pragmatism would be a very wise Investment to minimise your position and take away any stress!

Once an error is known it is very wise to stabilise it at the very earliest opportunity and minimise your exposure, so you could fully enjoy being a Landlord and of Record Residential Rent Levels!
We are only a phone call / Email away.

The DM&Co Group
020 8864 5775