|Posted on 24 July, 2019 at 10:25||comments (1)|
The Office of National Statistics has released the English Housing Survey 2017 to 2018: private rented sector.
The finding of the report concluded: The majority of private renters are satisfied with their accommodation and tenure, though not as satisfied as owner occupiers.
* The majority (84%) of private renters were satisfied or very satisfied with their current accommodation, though this was not as high a propertion as owner occupiers (95%).
* Private renters had the lowe...Read Full Post »
|Posted on 14 May, 2019 at 11:20||comments (0)|
Alarm bells over the health of Britain's private rented sector have been raised for the second time in two weeks, leading some to worry that a rental crsis is on the horizon.
Many landlords will have seen their profits slashed over the past three years as biting tax changes have taken their toll. Two pieces of legislation, one proposed and one incoming, are likely to have a further impact on landlords in the coming years..
Landlords have issued a stark warning over the healt...Read Full Post »
|Posted on 9 February, 2019 at 7:35||comments (0)|
The introduction of a ban on fees charged by landlords and letting agents looks set to finally become law on June 1st this year, the government has announced.
Following it's third reading in the House of Lords, the Tenant Fees Bill is likely to receive Royal Assent in the coming months.
Speaking to The Lords, Lord Bourne of Aberystwyth said: "We need to enable agents and landlords following Royal Assent to become compliant, but we intend for the provisions to come into force on Ju...Read Full Post »
|Posted on 22 January, 2019 at 5:50||comments (0)|
Currently, there is a nationwide campaign headed up by Generation Rent and supported by The Salvation Army and Crisis amongst others. The campaign has over 50,000 signatures so far, calling for Section 21 to be scrapped.
Section 21 evictions, also known as no-fault evictions, are used when a landlord needs the property to be vacated for any number of reasons at the end of a tenancy agreement. These can include the following, althought the Section 21 ...Read Full Post »
|Posted on 15 December, 2018 at 7:05||comments (0)|
If you rent out a property classed as a House in Multiple Occupation (HMO) you need to make sure you are aware of some recent changes.
A HMO is a property that is rented to a number of unrelated tenants who share facilities like bathroom or kitchen. They can include shared houses or flats above commercial premises.
On October 1st, mandatory HMO licensing was extended to include one and two storey properties. An HMO must now be licensed if:
* it is let to five or more p...Read Full Post »
|Posted on 14 September, 2018 at 6:05||comments (0)|
We now live in a world where a good managing agent is worth their weight in gold, but a poor one can be a massive liability. Minor compliance failures can cause significant problems for landlords.
|Posted on 4 August, 2018 at 8:20||comments (0)|
Landlords, did you know that if you did not provide a gas safety cerificate at the start of a tenancy (be it a first agreement or written renewal after 1st October 2015), before the tenant moved in, you may find that any Section 21 Notice served during the term is invalid.
If you gave your tenant a tenancy after 1st October 2015, but failed to serve a gas safety certificate prior to them moving in, then your AST will be treated as an assured tenancy and possession using a Section 21 Not...Read Full Post »
|Posted on 16 July, 2018 at 7:40||comments (0)|
The government intends to hold a consultation on tenancy agreement lengths, with the proposal setting out the shortest term being three years with a six month break clause.
As it stands, around 80% of tenancies in England and Wales are either six or twelve month assured shorthold agreements; any changes would be significant and have a huge impact on both the tenant and the landlord.
NOT EVERYONE WANTS A THREE YEAR TENANCY.
The proposal brings into question the flexibility th...Read Full Post »
|Posted on 22 May, 2018 at 7:45||comments (0)|
What are the implications of GDPR for landlords? Everyone's asking at this time with the regulation coming into effect on May 25th.
The short answer is: Not as much as you might fear. This summary is intended as a pragmatic briefing for landlords to be able to carry on their business and remain compliant.
Why are there not a lot of implications for landlords? Because if landlords are already compliant with existing data protection regulations, there's little extra to consider.... Read Full Post »
|Posted on 25 March, 2018 at 0:15||comments (0)|
Plans to cap security deposits for private rented housing to six weeks rent risk creating a charter for rent cheats warns the country's leading landlord body.
Research by the Residential Landlords Association (RLA) has found that 40% of private landlords have faced tenants not paying their final month's rent in the past three years.
The new cap is proposed in the Government's Draft Tenant Fees Bill and the RLA is calling for this to be increased to eight weeks to cover the costs i...Read Full Post »