Are You an Accidental Landlord? Here’s What You Need to Know

Accidental Landlord? - We can help

Life has a way of throwing surprises our way, and for many, becoming a landlord wasn’t part of the original plan. You might have inherited a property, moved in with a partner, relocated for work, or been unable to sell your home in a slow market. Whatever the reason, if you’ve found yourself letting out a property you once lived in, you’re what’s known as an accidental landlord.

While it might sound daunting at first, with the right support and understanding, being an accidental landlord can be both manageable and financially rewarding. Here's what you need to know.

What Is an Accidental Landlord?

An accidental landlord is someone who didn’t set out to invest in property but ends up renting out a home due to circumstance rather than strategy. Unlike professional landlords who often build portfolios over time, accidental landlords typically have one property and are navigating unfamiliar territory.

Key Responsibilities (You Might Not Have Considered)

Being a landlord isn’t just about collecting rent—it comes with legal, financial, and maintenance responsibilities. Here are a few areas to be aware of:

1. Legal Compliance

You’ll need to ensure the property meets safety standards and legal requirements. This includes:

• A valid Gas Safety Certificate

• EPC (Energy Performance Certificate) rated E or above

• Electrical Installation Condition Report (EICR)

• Smoke and carbon monoxide alarms

• Right to Rent checks

• Deposit protection in a government-backed scheme

2. Tax Implications

Rental income must be declared to HMRC, and you may be liable for income tax. You should also be aware of potential Capital Gains Tax if you sell the property later, especially if it’s no longer your main residence.

3. Insurance

Standard homeowner’s insurance won’t cover a rental property. You’ll need specialist landlord insurance to cover liability, loss of rent, and damages.

4. Maintenance and Repairs

You're responsible for keeping the property in a good state of repair. That includes the structure, heating, plumbing, and safety equipment. Prompt maintenance is not only good practice—it’s a legal requirement.

The Challenges of Going It Alone

Managing a tenancy can be time-consuming. From dealing with repairs and late payments to keeping up with ever-changing legislation—especially with the ongoing rollout of the Renters Rights Bill—it can feel overwhelming.

Many accidental landlords underestimate how much is involved and quickly realise the value of professional property management.

How Bevan Residential Can Help

At Bevan Residential, we work with many accidental landlords who need guidance and ongoing support. Whether you need help finding a reliable tenant, managing the tenancy, or navigating compliance, our expert team can step in and handle as much (or as little) as you need.

We take the stress out of letting so you can focus on your life, knowing your property is in safe hands.

Becoming an accidental landlord may not have been part of your plan, but it doesn’t have to be a burden. With the right knowledge and the right letting agent by your side, your property can become a secure and stress-free source of income.

Need advice or support as a landlord? Get in touch with Bevan Residential today—we're here to help you every step of the way.