With so much talk of GDPR I’ve found this helpful article by The Landlord Law Blog which gives clear guidance for landlords…
GDPR stands for General Data Protection Regulation and refers to the new Data Protection rules which will come into force on 25 May.
Now before you click away thinking “this does not apply to me” be aware that:
If you are a landlord it DOES apply to you (even if you just have one rented property), and
the fines for noncompliance are up to the larger of 4% of your turnover or 20 million Euros.
So if you get things wrong you could lose out big time.
The data in question is personal data. Information about people which if it got into the wrong hands could cause them untold damage. If you hold people’s data you are expected to look after it.
The new rules are a lot more onerous than the old and the deadline is creeping up on us. So if you are a landlord or a letting agent and have not started your preparation yet, here is a plan of action to help you. Landlord Law Members should also watch David Smith’s excellent Landlord Law training webinar which you will find here
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