News from our blog
Renting a property can be a minefield, from finding the right place at the right price to organising insurance etc. With all this to think about before signing the contract, you’ll might want to get on top the rules while renting.
The most important thing to remember is that once you sign the tenancy agreement and move in, you’re still bound by it.
Your Letting agent will help you understand the small print in your contract. CLICK IMAGE to read five things to remember before becoming a tenant..
To ensure that your rental property is in good condition, you, or your Letting agent, should inspect its overall condition, both the interior and exterior, at regular intervals throughout the tenancy.
Here are the top reasons why regular property inspections are necessary:
1. To ensure compliance with the lease or tenancy agreement
2. To address repairs and maintenance issues
3. To ensure that no illegal activities are taking place
4. To preserve the value of your property
5. To build a good relationship between landlord and tenants
Clear communication and a good rapport are key and will absolutely benefit your business. If tenants see that you are attentive to their needs and safety, they are more likely to renew the tenancy agreement at the end of the fixed term, which will consequently result in a long-term and reliable relationship. To read more click image above.
What is a good inventory? This is a document that observes a property’s condition in its entirety. A good property inventory, or ‘schedule of condition’, will span some 20+ pages, contain a wide selection of photos, and brief descriptions. There will usually be a...
There’s good news for landlords who anticipate holding on to their property investments at least until 2031 – capital values are set to soar, if one forecast proves to be correct.
Comparethemarket says the average price of a home in the UK will hit £323,718 by 2031 and in London there will be an above-average rise of 33 per cent to £619,568.
Click image to read their latest prediction..
Letting agents have welcomed the government’s decision not to extend the restrictions on evictions introduced 18 months ago at the beginning of the first national lockdown in England.
Ministers have confirmed that notice periods for both Section 21 and Section 8 notices will revert to two months from the current six months for most types of eviction from October 1st onwards.
Agent and landlords trade bodies, as well as many experts, have argued that keeping the extended notice periods for evictions would have put thousands of landlords under extreme financial pressure, particularly those seeking to evict tenants for extreme rent arrears or who wished to sell or move back into properties. Click image to read full article.
2021 came with it, a huge amount of opportunity for new landlords
But it also delivered a whole raft of new legislation they must comply with. So, if you’re thinking of investing in property for the first time this year, what can you expect?
The Renters Reform Bill: What it will mean for landlords
The Renters Reform Bill has actually been on the agenda for some time, first coming to the attention of landlords during the Queen’s Speech in December 2019.
With the disruption caused by the Pandemic, things have slowed down, but it’s likely the Bill will be heard this year, however, with two major changes likely to impact UK landlords.
The end of section 21
The introduction of lifetime deposits
Electrical safety – Electrical Installation Condition Reports (EICRs)
Changes to Right to Rent
What is private landlord?
How a letting agent could help by making sure you’re on top of those 160 pieces of Lettings legislation – click image to read more..
Here, we’ll explain what white goods are and answer all your questions about them when it comes to renting a property.
What are white goods?
White goods are large household items that use gas or electricity could be considered essential, including:
• Washing machine
Because traditionally these items were made with a white enamel coating, they were given the name ‘white goods’ – even though most of them can now be purchased in other colours or stainless steel!
A hob and oven would also fall under the ‘white goods’ category, but these must be provided by landlords by law. Click image to read more…
Moving house can be a stressful experience; however following a few simple rules, can make the whole experience and happier and exciting event. Click on the image to read our comprehensive advice how to make moving home a breeze!
While we all know property investment can yield great returns, it’s very easy to forget about the costs involved landlords and the sound judgement needed to balance that bottom line.
As well as costs around legislative compliance, landlords also face large outlays in other areas – all of which can impact on their profits.
Let’s look at some of the costs you can expect when letting out a property…
The costs of being a landlord can be viewed y clicking the image..
Whether you’re a landlord, tenant or homeowner, one of the most important devices to have in your property is a carbon monoxide alarm.
Carbon monoxide poisoning accounts for around 60 deaths in UK homes every year, yet is completely preventable.
One way to protect those living in your property is with a carbon monoxide alarm – and if you’re a landlord, you have to have these devices in any room of your rental property where a solid fuel burning appliance is located.
But what are carbon monoxide alarms, how do they work and why do you need one?
Click image and we’ll answer all of those questions..