One in three landlords (28%) have had their property damaged by tenants in the past 12 months according to the latest research from the National Landlords Association (NLA).
The findings, estimated to affect more than 400,000 of the UK’s 1.5 million landlords, come as a stark reminder about the potential problems of letting property.
Furthermore, the findings showed that landlords in the North East were most likely to face damage to their properties by tenants, with 46% having encountered the problem in the last year. Landlords in the South East were least likely to experience the problem, with one in five (21%) having encountered property damage.
The NLA figures also show that on average one in 10 (8%) – approximately 120,000 – landlords in the UK have had to make an insurance claim of some kind in the past 12 months.
With this in mind, the NLA is reminding all landlords to ensure they have the right protection in place to cover all eventualities and to insure their investment against the unexpected.
NLA chairman Carolyn Uphill said: “Property damage is just one of the many different problems a landlord can experience when letting property. Many are unaware that a simple home insurance policy will not provide sufficient cover for all eventualities, so we’re urging all landlords to protect their investments.”
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