Advice for Landlords: Dilapidations and How to Deal with Them
As a landlord, you’ll probably agree you can have your work cut out managing even a small number of properties. Not only do you have to first find suitable tenants, you then have to make sure you letting to them in a safe and legal way, that your tenants know what your house rules are and that you of course get your rent.
Another headache that can affect landlords though is dilapidations, however this issue need not be something stressful, it can in fact be simple to deal with. In this post, we first explain what ‘dilapidations’ are – for those new to the rental markets – and detail a few ways you can manage these.
What are ‘Dilapidations’?
In short, these are the exit costs that the tenant may need to pay after they have left your property. These are to cover any damages or repairs that need to be made, which they are to blame for.
A few examples might include:
- Damage to upholstery, carpets or units
- Broken items
- Replacement lighting
- Redecorating of what the tenants have changed in your rooms
Why this can be Problematic
What can happen sometimes is that your tenants disagree with your assessment or they dispute the exits costs you have suggested. This can in turn lead to drawn-out situations which can stop you from either getting the repair work done, or finding new tenants.
What you can Do
Fortunately, there are a number of steps you can take to make this all more manageable. This starts with a clearly set out tenancy agreement that details exactly what state your property needs to be in when they leave. In addition to this you can have the assessment carried out by an independent body, so no bias is shown when you wish to come up with a figure for the repair costs.
Another thing you can do is to seek advice from a professional company or agency who have experience in dealing with dilapidations, such as Allsop for example. Such companies will be able to advise you on how best to pre-empt any costs, or how best to resolve any disputes.
Whichever course of action you pursue, with the above advice you should soon be able to rid yourself of any concerns you have with your tenants and their potential exit costs. Then, all you need to do is make the most of the benefits being a landlord can offer when you have your respective properties filled with happy tenants.