Planning a portfolio of property to let is a big step. Funding has to be carefully thought out, as does management of the portfolio, whether large or small. Call our conveyancing team at Taylor&Emmet on 0114 218 4000 or contact us online so we can provide you with expert legal advice.
The initial purchase plus associated mortgage, needs to be handled properly, but sometimes it is only after completion that a landlord becomes aware of the extent of the responsibility they have assumed.
Firstly, the terms of a lease and the management of the property must be resolved. Secondly, landlords have a responsibility to provide a safe environment for tenants, employees and visitors to the property they own, and if they fail to do so, they can be sued or prosecuted in the criminal courts. Planning consent may be required if the property is to be used for multiple occupation, and you may need to consider disabled access.
What happens next
Call one of our specialist conveyancing solicitors who will help you through the process and advise in any question you may have, there is very little our residential conveyancing department doesn't know about Sheffield and its property market.
In fact, having bought and sold many of the same properties several times over, you could say we have insider knowledge that will help you make that important completion – hassle free. Alternatively fill out the our simple enquiry form.