Flat let to students

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    Flat let to students


    I am planning to let out my flat to 2 students. I am really getting confused with several policies online . I do have the following with me

    1 ) Building insurance for block
    2 ) I took out another policy from {mod - deleted} which is TENANTED PROPERTY INSURANCE POLICY
    3 ) I purchased another policy from {mod - deleted} to cover plumbling and electric for what

    What else do i need for total peace of mind ?

    For a block of leasehold flats, the buildings insurance policy is purchased by the freeholder or the management company and normally charged back to leaseholders as part of the annual service charge. There is no need for you to pay for this policy which is invalid, if the building is already insured by the freeholder or management company.

    The tenanted property policy is probably what you need as a rental landlord - to insure against loss of landlord effects , for public liability insurance and for water leak damage to flat below.

    The insurance policy for appliance breakdown may help you but sometimes it may be better to pay for repair service after the breakdown happens . Some new appliances may have 2-5 years maintenance cover , but the repair service may be very slow and this is very annoying to tenants paying rent in advance.

    For piece of mind, students have no job income and you need a rental guarantee from the students' parents.


    Latest Activity


    • Reply to Burnt out shell next door
      by Mr. Kiplilng
      Thanks for the replies. I am in south Bucks.
      The neighbors are leaseholders and are related to the freeholder. I am talking to locals in order to get as many complaints as possible lodged with the local authority and to write to the local MP. I have also raised the issue on the fixmystreet app,...
      26-01-2020, 21:42 PM
    • Burnt out shell next door
      by Mr. Kiplilng

      Sorry if this is a bit off topic, I couldn't see a more relevant one.

      I live in a maisonette in a row above a parade of shops. My neighbors, directly adjoining, had a nasty house-fire that gutted the place but luckily nobody was injured. We were lucky enough to only have...
      23-01-2020, 22:07 PM
    • Buildings insurance
      by fence
      Hi everyone and good to join the group
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      I am the lease holder of one of three flats
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    • building insurance renewal, tenant eviction in process
      by Propertygoesup
      Hi all,
      I am in the process of evicting a tenant, I paid a local solicitor £400 to serve notice which expires next week, however I don't think the tenant will be leaving on that date.
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      26-01-2020, 09:09 AM
    • Reply to building insurance renewal, tenant eviction in process
      by Mrs Mug
      Yes. It can had as an add on with my insurance. But you probably won't be able to get it for an existing tenant....
      26-01-2020, 10:36 AM
    • Reply to Burnt out shell next door
      by Gordon999
      You should ask your local MP to raise the problem with your local council.
      24-01-2020, 13:11 PM
    • Is this the correct policy type for us?
      by Beresford Gatehouse
      We are a block of 10 flats, each leaseholder is a 1/10th shareholder of the freeholding and management company. Until recently we employed another company to manage the property, but we've recently reverted to doing it ourselves.

      It's time to renew our insurance, and I'm a bit worried about...
      23-01-2020, 17:46 PM
    • Reply to Is this the correct policy type for us?
      by Gordon999
      I suggest you look for a " Block of Flats" buildings insurance policy .

      The policy should include insured cover for the "re-instatement value" (= floor area x building cost per sq ft and calculated by a chartered surveyor )
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      24-01-2020, 13:08 PM
    • Reply to Burnt out shell next door
      by leaseholder64
      Are you in a London Borough or a Unitary Authority area? If so the council can do something if it is dangerous of if it is an eyesore. If not, you have two councils and I'm not sure which one is responsible for each of these functions.

      Dangerous structures are handled by building control....
      23-01-2020, 23:50 PM
    • Reply to Burnt out shell next door
      by JK0
      AST or Long Lease?
      23-01-2020, 23:48 PM