It sounds strange, to accidentally become a landlord, but in the UK it's estimated that as many as 30% of landlords find themselves in a position of letting out a property accidentally, based on a variety of different surveys.
Becoming a landlord accidentally can happen in a number of different ways including:
● Inheriting a property
● Relocating for work
● Downsizing or moving in with a partner
● Struggling to sell a property
● Buying a property with an existing tenant
This is different to being a professional landlord who actively seeks out properties with a view to letting them.
Navigating the lettings process can be daunting, especially with the introduction of the Renters’ Rights Bill, but with a step-by-step guide and the right letting agent on hand, you can turn a happy accident into a great success.
Read our landlord's introductory guide to the Renters’ Rights Bill - here
How to make sure your rental property meets energy efficiency standards - here
What landlords needs to know about Stamp Duty and taxes - here
How landlords can maximise the appeal of their property - here
Did you know?
Chestertons can help you get your property ready for the lettings market, from recommendations and an introduction to our specialist refurbishment team.
Find out more about Chestertons lettings services - here
"We have been renting a place since September 2024 and have had Isaiah as our property manager. He has been absolutely incredible and he and his team have been so responsive to all of our emails and calls. He has given us some sound advice and has been so helpful and kind with everything we have asked him. I can't recommend Chestertons and Isaiah enough!" - Tenant review, Dimitra on Trustpilot
Thinking about letting a property?
Arrange a lettings valuation - here