How should I insure a property that I let to a family member?

It’s very common for landlords to let their properties to family members. Most experts would recommend that you put in place a tenancy agreement of some description.

Whilst the temptation might be not to bother, things can go wrong in family situations. There is sometimes a lot of ‘political’ pressure between family members, and money can often be at the heart of family squabbles.

A tenancy agreement will make it absolutely clear what your obligations are as a landlord, and what your family member’s obligations are as the tenant.