Renting to students is often seen as a dependable investment. But do you need HMO insurance? In many cases, the answer is yes. Let’s explore why.
From deposit disputes, higher demand for repairs and landlord input, damage risk and rent arrears, several issues can arise and lead to insurance claims.
There is no foolproof answer to handling student letting during such an uncertain time, but with the right preparation and landlord insurance cover where possible, landlords can be protected against the constantly changing tides.
Questions about whether students were entitled to refunds or even whether students could be forced to leave privately rented properties on the originally agreed dates during lockdown were common, among many more.
The past few years has witnessed a dramatic increase in the number of higher education students. Have you considered the pros and cons of letting to student tenants?