8:37 AM, 23rd March 2017, About 5 years ago 1
I believe that by letting out properties in my own name I am potentially subject to unlimited liability lawsuits from tenants (apparently very unlikely but not impossible).
Would I be able to restrict the limit of my liability by renting out my property to a SPV (Single Purpose Vehicle limited company) for market rent. The SPV can then go and rent this property out and enter into an agreement with the tenants.
That way God forbid if any thing goes wrong the tenant will sue the SPV and not me.
I am not a dodgy landlord. I regularly inspect all properties and get the relevant gas and electric checks done. I just want to be on the safe side.
Any lawyers here who can shed light on this or any other landlords who have done something similar?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleOn the other side – Benefit Capped tenants and affected landlords
Next ArticlePopular central Birmingham Buy to Let opportunity
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|