December 2006 - Issue 14
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Season’s Greetings to everyone – I hope it’s been a successful year for you if you are a landlord or a letting agent and that next year’s even better for you!
We return again to the issue of landlord licensing and HMOs for this December issue of the LandlordZONE® Newsletter.
Although the majority of landlords will not be affected by licensing, there’s still a lot of confusion around – not just among landlords – it spills over to officials as well. That’s because the rules are so complex.
For instance, if you let out a flat in a converted house, it could be affected and therefore it is worth knowing how the Housing Act HMO regulations could still affect you.
Successful landlording is all about learning and learning lessons, constantly. What makes the job interesting is that every situation is different – you’re dealing with people and with a highly complex legal area.
You can learn a lot from other people’s mistakes as well, so take a look at our Forum from time to time – it’s gone from strength to strength and with well over 3,000 members it’s now by far the busiest landlord Forum in the UK.
With all the new legislation coming in during 2006 it’s getting more of a challenge to manage your properties well and stay within the law – but this you must do.
If you are going to manage your own properties you need to make yourself aware of the rules and apply them where necessary – hopefully we are helping you with this.
Is there any end to this property bull market?
Prices are still climbing steadily as we write, and the commercial property market has had a bumper year, topping a 20% total return.
But, with the governor of the Bank of England giving warnings about world wide over-valuations of assets, perhaps it’s time to tread carefully going forward.
Tom Entwistle, Editor.
This issue is wholly sponsored by Coverlet - one of the leading providers of insurance for the rental property market.
Landlord’s Insurance from Coverlet
Landlord’s Insurance from Coverlet
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