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Month: January 2014

Landlord’s Insurance

Gone are the days when only niche companies offered bespoke Landlord’s insurance. Price comparison websites offer the Landlord the most competitive rates available, but is Landlord’s insurance really necessary?

Some Landlords may assume that they would cancel their Buildings & Contents Insurance and the incoming Tenant would take out insurance that would provide sufficient cover. However this would not provide for the exterior of the property or any of the Landlord’s contents such as kitchens, sanitary ware, carpets etc should they need replacing due to fire, flooding or other damage.

Having Landlord’s Building and Contents insurance protects both the exterior and interior of the property, without the Contents element, the Landlord could be left facing hefty replacement costs for major items. The Landlord should also consider the level of Contents cover; the standard value may need to be increased for higher end properties.

The ingoing Tenant would take out contents insurance to cover their items in the property and this may cover accidental damage to the fixtures within the property.

Leasehold apartments may not need Buildings cover, as this could be covered within the Freehold or Service Charge unless the Head Lease prohibits this cover for owners renting their properties out.

The option of leaving the owner occupier insurance in place when the property is tenanted would render the policy void, so arranging Landlord’s insurance should be a priority.

Your current home insurance provider may be able to convert your policy to a Landlord’s Building and Contents, providing you with the necessary cover should you need to claim.

Fran Mulhall MARLA

GFW Letting hosts its own Smile Day

GFW Letting has been helping to beat the January blues by hosting its own ‘Smile Day’ in aid of Gosforth based children’s charity Smile for Life.

The GFW Letting team organised a special cake sale in aid of Smile for Life, a charity dedicated to making a real difference to the lives of disadvantaged and disabled children across the North East and Borders.

As part of the George F. White Group, the North East’s premier property specialist, the GFW Letting team have been supported in their fundraising effort by staff from the group who helped them raise

GFW Letting partner in St Ann's Quay scheme

GFW Letting has been announced as one of only three approved letting agents under the new ‘Lettings Charter’ scheme implemented at St Ann’s Quay on the Newcastle Quayside, part of a drive to maintain the development as a prestigious, high quality and safe environment to live.

After just seven days, GFW Letting has let its first property instructed under the new Charter in the high quality development, with the speed of turnaround ensuring that this landlord will not have a void period between tenants.

The new Lettings Charter scheme, which has been implemented by the directors of St Ann’s Quay Management, aims to tackle recurring issues within the block which stem from tenanted properties, issues which affect the majority of apartment blocks. This is in a bid to improve the living experience for both tenants and owners by making tenants more aware of their responsibilities. In working with reputable letting agents like GFW Letting, who have put in place a bespoke tenancy agreement for the development, the landlord