Landlords warned over tenancy agreements

Buy-to-let property investors have been reminded that they must ensure a tenancy agreement is signed before tenants move into their property.

AA Financial Services says that 50 per cent of tenants do not sign an agreement prior to moving in, with most more concerned about other things.

According to research by the firm, 37 per cent of tenants are most concerned about the size of their bedrooms, while getting an inventory (30 per cent) and finding out how the deposit will be retained (22 per cent) follow.

Landlords are required by law to ensure that a tenant signs an agreement and AA Financial Services highlights the reasons why tenants need one.

"These findings demonstrate how poorly people protect themselves when moving into a rented home," said James Molloy from the firm.

"It is vital… [to] agree your tenancy agreement and check everything, including inventory and utility meter readings.

"Yet thousands of people are just not doing so and are putting themselves and their home at risk," he added.

The Association of Residential Lettings Agents recently revealed that landlords in the UK are charging record rents due to soaring demand.

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