The National Landlords Association (NLA) is reminding landlords of the importance of understanding their obligations as its latest research shows that more than a quarter have been letting a property for less than five years.

Research conducted by the NLA shows that 27% of landlords have been letting for less than five years, with 14% letting for just 2 years. One in five (21%) landlords have been letting for 6-10 years, and just over half (52%) have been letting for more than 10 years.

The figures correlate with the NLA’s recent findings that the proportion of part-time or ‘amateur’landlords is now at its highest ever level, comprising 70% of the sector.

With this in mind, the NLA is reminding all landlords of their obligations toward their tenants and the importance of ensuring good standards within the private rented sector (PRS) are maintained.

Richard Lambert, CEO at the NLA said: “These findings tell us that a significant proportion of landlords have only been in business for a relatively short period of time. Even the most seasoned of landlord’s experience problems so it is crucial that anyone new to the industry is aware of their obligations. Landlords should make sure they educate themselves as to what is expected of them, legally and professionally, especially if they plan to manage the properties themselves.”