The real estate services provider told the Henley Standard that 'accidental landlords' have become commonplace in the rental sector.
This is due to people being unwilling to sell property in the current market, or relocating to work abroad but wanting to retain a residence in the UK.
Some of these new landlords may struggle with the demands of managing a rental property and turning to a letting agent could help to ease the burden.
Savills offers a rent receipt service, which means it will chase and collect rent on behalf of a landlord.
This can be included as part of a full property management service or on its own.
It has been estimated that there are around half a million accidental landlords in the UK.
Many of these people may be unaware of the legal implications that come with renting out a property, such as needing to notify their mortgage lender before putting the property on the rental market.
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