The Non-resident Landlord (NRL) Scheme – Are your records up to date?

The Non-resident Landlord Scheme has operated since 1996 so most letting agents will be familiar with it. The majority of letting agents are already likely to have overseas or non-resident landlords for whom they either manage or let properties. Due to the pandemic some ordinarily resident landlords may have chosen to stay abroad meaning there could now be more landlords who may be considered as non-resident for the purposes of the scheme. Indeed some landlords may have been restricted from returning to the UK inadvertently extending their time overseas to more than 6 months. In addition to the pandemic the ...