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Investing with a Friend: A Guide for Kent Landlords

Investing with a Friend: A Guide for Kent Landlords

with a Friend: A Guide for Kent Landlords

In this two-minute read, we ask if it’s wise to buy
a rental property in Kent with a buddy.

a buy-to-let property with a friend is an appealing prospect – on paper, at

it’s important to carefully weigh up the risks and rewards before taking the

a list of the pros and cons of becoming a landlord with a friend.

The pros

  • The role of landlord comes with a plethora of
    responsibilities. Sharing these duties with a trusted friend will lighten
    the load.
  • Your co-investor may have a different skill
    set to you, meaning you can play to your strengths while they play to
  • Most lenders require larger deposits for buy-to-let
    mortgages. Splitting your investment means you don’t have to pay as much
    cash up front.

The cons

  • You never really know someone until you’ve
    gone into business with them. If the two of you disagree on how to manage
    the property, the friendship could suffer.
  • If your tenant falls into arrears, as
    landlords, you’ll have to stump up the cash. However, if your investor
    buddy can’t pay their share for whatever reason, you’re liable for the
  • You might be on the same page as your friend
    right now, but people’s circumstances change. Further down the line, your
    friend may decide that they want to sell up when you don’t, or vice versa.


you’re still keen to invest with a friend, here’s how to mitigate some of the

Get a
good lawyer

need a legally binding agreement that states:

How much each party is investing

The ownership split

Responsibilities regarding bills and maintenance

What happens if one or both parties want to sell

A dispute resolution mechanism should you disagree
on an issue

Get a

some cases of co-ownership, if one party dies, the property automatically goes
to the other person unless otherwise stated in a will.

feel pressured

your friend thinks a formal agreement is unnecessary – they may see it as a
sign that you don’t trust them – politely, but firmly, pull out of the

the right paperwork in place, you risk getting caught up in a protracted and
messy dispute later on.

ahead based on a wink and a handshake could cost you the friendship and much
more if things don’t turn out according to plan.

For more advice on investing in the buy-to-let
market, contact us here at CWB Property.