UK Landlords are no doubt aware that local authorities have the discretion to charge full Council Tax on empty properties from 1st April 2013. The changes affect all rental properties that previously would have been automatically exempt from charges, including all empty furnished and unfurnished properties available for rent. Landlords with properties that are empty […]
Read MoreThere are now four authorised deposit protection schemes in the UK: The addition of a fourth deposit protection company could create even more confusion in the UK courts as there are different rules and regulations that must be followed for each provider. The Tenancy Deposit Scheme (TDS), Deposit Protection Scheme (DPS) and mydeposits have been […]
Read MoreTenant Referencing and Rent Guarantee Insurance are vital services for all UK landlords Ensuring a regular rental income is paramount to the survival of the rental business for all UK landlordsand rent guarantee insurance offers financial protection and peace of mind for landlords and their tenants. Regardless of a tenant’s financial and employment circumstances, it […]
Read MoreUK PRS void periods and rent arrears are falling steadily UK private rented sector landlords are reaping the rewards of the developments of specialist products and services designed to ease the burden for landlords and the UK lettings industry. Market leading companies, such as LegalforLandlords have spent a great deal of time, effort and resources […]
Read MoreGovernment want landlords to use tenant referencing to ensure tenants in the Private Rented Sector are not illegal Immigrants Government ministers want to use the comprehensive tenant referencing system used by good and honest landlords to ensure tenants in the Private Rented Sector (PRS) are not living in the UK illegally. The government are already working […]
Read MoreLandlords Must Carry Out Tenant Referencing To Avoid Bad Tenants 2012 wasn’t really a great year to be a landlord Almost 60% of landlords had problems with bad tenants in 2012 99,000 tenants didn’t pay rent for more than 2 months Tenant evictions increased 8% During 2012 some 59% of landlords were left out of pocket […]
Read MoreInventory Needs To Record Condition of All Fixtures And Fittings To Avoid Deposit Disputes Increased demand for suitable rental properties in the UK Private Rental Sector (PRS) means there is an urgent need for landlords and tenants to develop and maintain an accurate inventory of all fixtures and fittings in order to avoid disputes over […]
Read MoreThe cost of renting in the UK private rented sector (PRS) fell in England and Wales during February, according to a recent report published by LSL property services. Recent figures showed that the cost of renting in the UK PRS during February was 0.1% less when compared to January 2013; however the overall price of […]
Read MoreMany UK landlords admit that they fear tenants leaving in the middle of a tenancy, especially if the tenants are behind with the rent. Tracking down absconding or missing tenants can be a thankless, if not near-impossible task, and the process of extracting any owed rent from them is even harder. However, specialist landlord services […]
Read MoreLandlord Possession Claims Soar Again There has been a dramatic increase in the number of PRS landlords seeking to evict bad tenants and the volume of possession orders doesn’t look like abating any time soon according to data released by the UK Government. Government figures show that there were 103,329 landlord claims for tenant […]
Read MoreLandlords Warned To Obey Gas SafetyLaws Or Face Prosecution Landlords need a better understanding of the laws regarding the safety of tenants in private sector rental accommodation, or they may find that non compliance with any of the prescribed regulations can render their Landlord Insurance invalid. UK Landlords have a moral duty and legal responsibility […]
Read MorePeriodic Inspections Save Landlords Money UK private rented sector (PRS) landlords are missing the tell tale warning signs of damage to their rental assets because they do not carry out regular periodic inspections of their rental properties and they have poor communication with their tenants. The result is that many landlords end up having to […]
Read MoreThere are hundreds of pieces of Government legislation and local authority regulations that have to be adhered to by landlords before being allowed to rent out property in the Private Rented Sector (PRS). The onus is on the landlord to make sure that the rental property and tenancy agreement are in full compliance with all […]
Read MoreThe UK Private Rental Sector (PRS) is one of the UK’s best performing economies despite all the economic doom and gloom reported by the national press. Landlords and property investors spend a great deal of money on purchasing, renovating and renting out property, be that purchasing with cash, refurbishment of the property, paying repair or […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
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