This website uses cookies to ensure you get the best experience on our website, read about our cookie policy.
Accept Cookies
National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

Indemnity Insurance
Maintenance

A&C
A&C
0 Thanks
4 Posts
5 months ago
0

Morning all,

Does anyone here own/manage properties that has a management company overseeing maintenance and general running of the property? We have been advised to take out Indemnity Insurance to cover if any tenants ever took action against us in dispute of where their service charge was spent. It seems a bit of a "over the top" bit of advice as the property has no long term issues regarding maintenance and upkeep but I'm keen to see if this is standard for properties with management companies in place.

Thanks for your time and any advice offered

AP

ps The property is a block of 16 flats of which the freehold and 8 flats are owned by us and the other 8 are private tenants

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?