Footballer becomes an accidental landlord
The former Everton captain, Phil Neville, has become an accidental landlord after failing to sell his Manchester city-centre apartment.
The three bedroom property is located in the city’s tallest building, Beetham Tower and boasts a gym, study, dressing room and studio as well as stunning 180° views, private lift and five allocated car spaces.
Despite these impressive features, Neville has been unable to sell the property which had a whopping £4 million price tag. Instead he, like many others, has opted to let it out at a cost of £15,000 per month!
Phil Neville is by no means the only homeowner who has fallen foul of the property slump. Whilst undoubtedly picking up, activity remains a shadow of its former self. As a result many homeowners, fed of waiting to move, have taken matters into their own hands and ventured into the world of the private rental sector.
Rob Denman, solicitor and Head of GW LET, explains how these accidental landlords could benefit from the services of GW LET:
“Accidental landlords are often unaware of the legalities that come with letting property. At best they end up with a nasty shock and a lengthy to do list but at worst landlords could actually face legal action against them.
“Constantly visiting the property, not protecting the tenant’s deposit in a Government approved scheme or trying to evict a tenant are all common errors made by accidental or first time landlords. But failing to follow the correct procedures could land a landlord in hot water and give their tenant the opportunity to claim for compensation.
“GW LET offers landlords legal help and advice. We provide lots of free information surrounding landlord law as well as publishing regular news articles alerting landlords to any changes in legislation.
“Our team, many of whom are landlords themselves, are then on hand to assist with any particular problems including the eviction of tenants, regaining possession of a property and tenancy deposit disputes.”
Content correct at time of publication