Question: How long should accounts be kept to satisfy the authorities, things like accounting files, invoices and tax records, as a property landlord?Answer: You must keep your records for 6 years after the tax year to which they apply, whether or not you complete a tax return.It's a good idea, a
Expiry of Section 21 Notice - I have served a Section 21 (s21) Notice on my tenant but don't wish to start proceedings immediately. Can I wait without the notice expiring?Once a Section 21 notice has been served correctly it continues indefinitely, until such time as the tenancy is ended, either
Covenant and Covenant Strength - What is a legal covenant and what is the significance of the terms in relation to rental property and lettings ?</h2>The term covenant can have several meanings and has biblical origins but it is of particulalry significance
2 years ago I purchased a company with a 10 year lease from my ex boss, on a 10 year lease, the lease was set up by a solicitor. After 2 years the business is struggling and is not viable. I feel that my solicitor ill advised me as there was no break clause mentioned. Where do I stand on t
Good Left in the Premises or Uncollected GoodsFrequently, tenants leave goods after their tenancy has concluded or when they have abandon the premises during a tenancy. Uncollected goods and possessions left or abandoned in premises by tenants can pose a real problem for landlords.
<h1 Standing Order</h1>What are Bankers' Standing Orders?</h3><ul <li Standing Orders allow landlords to automate the process of collecting rents</li> <li They safeguard tenants in that the landlord cannot change the payment amount, as is the case with direct debit
The Possession Procedure - 1988 Housing ActThe possession procedure under Section 8 of the Housing Acts 1988 & 1996 is known as the Section 8 Route and is available to landlords where the tenant is in breach of one or more terms of
Renting or Leasing Commercial Property Renting commercial property usually represents a major part of the operating costs involved in running any business. If you include surveyor's and solicitor's fees, rent, business rates, insurance,
Types of Tenure: A tenancy gives the tenant a legal interest in the land and property - in effect, legal ownership for the period of the tenancy. Tenancies can take several forms: <ul <li Rent Act or Regulated Tenancies - pre </li> <li
<h1 Joint or Single Shared Tenancies</h1>Shared House (Joint Tenants) or Individual Rooms (Single Tenants)? Where a landlord lets to multiple and usually unrelated tenants there are two main ways of doing this:(1) As a Joint Tenancyng
These are tenancies that fall outside the scope of the Housing Acts (1988, 1996, 2004), including the Regulated Tenancies, Assured Tenancies (AT) and Assured Shorthold Tenancies ASTs.In the case of a common law residential tenancy , the tenant's rights and obligations are ma
What are Business Tenancies ?A tenancy is an "estate in land", granted for a determined period of time (term of years or fixed term - 6 months,1 year, 21 years, 99 years etc) or a specific period (a periodic tenancy - yearly, monthly, weekly, even daily).In return for the "time lim
Landlord's Duty to Ensure Installations are SafeAll Landlords have a common law duty to ensure that gas installations and appliances supplied with their properties are safe. Tenants also have certain legal obligations when it comes to gas safety - see below.I
Landlords' Gas and Electrical Safety Certificates:As a landlord, or as a letting agent acting on the landlord's behalf, you have a legal obligation to ensure that your accommodation is completely safe for your tenants.Several statutory regulations and general common law requirement
Letting and residential property fully furnished, part-furnished or unfurnished in England & Wales no longer has any implications regarding security of tenure for the tenant or for taxation. However, Council Tax and the 10% Depreciation Allowance may be affected - you don't pay Council Tax du
What was the Fire Certificate is no longer required as it was previously under the Fire Precautions Act 1971 for hotels, boarding houses, factories, offices, shops and railway premises. All these premises must comply with Fire Regulations, now covered by t
Ending a residential tenancy on the ground of "false statement by the tenant "The Housing Act 1988 as amended by the Housing Act 1996 makes provision for the possession of residential properties let under Assured and Assured Shorthold Tenancies.However
Running a Successful Bed & Breakfast Guest HouseRunning a successful Bed & Breakfast Business from the comfort of your own home has many advantages and rewards as far as being self employed is concerned:</
Landlords have been offered a glimmer of hope by the new Prime Minister whos hinted that shes not adverse to considering the repeal of Section 24. https://www.nrla.org.uk/" target="_blank" NRLA boss Ben Beadle n
Landlords have slammed the Governments new plans to force HMO landlords who operate all inclusive rental properties to pass on the �400 rebate being made available via the Energy Bills Support Scheme (EBSS). This announcement is an abrupt U-turn previously Minister
The MP replacing Eddie Hughes at the Department of Levelling Up, Housing and Communities (DLUHC) is Lee Rowley. This 42-year-old MP and Leave voter, who was elected to parliament by the constituents of North East Derbyshire in 2017 following his two unsuccessful bids in other co
Landlords should expect more form filling after agents were advised to complete due diligence on all their clients to combat money laundering. Recently approved government guidance designed to help property agents comply with money laundering regulations - covering customer due
According to many companies, heat pumps are our salvation. To homeowners and landlords, they are expensive to buy. Thats okay, right? Not quite. Home boiler installation experts at Boiler Central have recently seen homeowners return to their natural gas boilers due to heat pu
Scotlands shock new rent https://www.landlordzone.co.uk/news/breaking-nichola-sturgeon-to-reveal-national-rent-freeze-in-scotland/" freeze policy announcement has left worried landlords in the dark, according to the countrys largest letting ag
Housing minister Eddie Williams has thrown in the towel and says he is looking forward to having more time to work for his constituents in Walsall North and championing their causes in parliament. The Midlands MP, who has been at the housing department since June 2018
Under plans to get tough on landlords, stricter standards will be brought in to eliminate unsafe and cold rental housing says the Government Landlords could be facing six-month prison sentences if they let older homes that are unsafe and cold for their tenants. Under
Mortgage brokers around the UK have reported a big rise in tenants being given first refusal to buy their rental property as more amateur landlords head for the exit. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://uploads-ssl.webflo
Thurrock landlords will be hit by a pricey new HMO licensing scheme as number of new schemes this year hits record
New housing secretary's critical views of landlords revealed by previous speeches and voting record in parliament.
Southampton's former Lord Mayor has made controversial comments about some of city's landlords.
With the impending implementation of the Renters’ Rights Act, Section 21 evictions are now on borrowed time
Landlords have a new housing secretary after Steve Reed was confirmed in the role following the resignation of Angela Rayner.
Sticky back plastic tiles have been singled out as the biggest scourge faced by landlords at the end of a tenancy.
Three quarter of property investors have not welcomed the Government's planning reforms, saying they won't get Britain building.
Landlords in Scotland are encouraged by the new Housing Secretary’s willingness to collaborate but remain concerned abou rent controls.
Housing secretary has resigned from her three roles, admitting her actions didn't meet the highest standards given her senior position in Government.
Seven in ten landlords are now open to tenants personalising their homes, while a third of tenants get involved in decoration plans.
Leaks, alarms and boiler breakdowns are the most common problems facing tenants and property managers, according to new research.
The chance of Angela Rayner losing her job overseeing the housing market are growing following new revelations.
LandlordZONE's Nigel Lewis looks at Labour's odd obsession with landlording 'not being real work'.
Landlords who operate HMOs collect rents almost twice as much as those who operate ‘family homes’, new research shows.
The Renters’ Rights Bill is now almost certain to become law before the political parties break for the party conference season.
HMRC spot checks – “fishing expeditions” – what they mean for you and how to be prepared
Battersea Cats and Dogs Home has warned Labour not to allow landlords to demand that tenants take out pet deposits.
The UK’s private rental sector is undergoing one of the most dramatic shifts in decades and not for the better says leading broker.
Halton council, which includes two big towns outside Liverpool, wants to heavily restrict HMO conversions.
Only one in six landlords (16%) are fully prepared for the Renters’ Rights Bill says new poll.
The true extent of extra cost faced by landlords by the Chancellor's NI plans are revealed.
Fergus and Judith Wilson say their reputation isn't justified, and argue that they are good landlords.
Private tenants already been warned that rents will rise by £15 a month to pay for new scheme.
Pet campaigners have written to Angela Rayner in a last-ditch attempt to reinstate landlords’ ability to require pet damage insurance in the Renters’
