Cutting corners on compliance often costs landlords far more than doing things properly.
Potential Costs
- Deposit breaches: up to 3 times the deposit in fines
- Gas safety failures: unlimited fines or imprisonment
- Electrical safety failures: fines of up to £30,000
- Unlicensed HMOs: unlimited fines and rent repayment orders
Hidden Costs
- Loss of good tenants
- Higher insurance premiums
- Damage to reputation
Conclusion
Compliance costs money, but non-compliance costs far more.
Download our free landlord checklist to protect yourself from unnecessary expenses.