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10 year lease

10 year lease

Information

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

Uncollected Goods

Uncollected Goods

Information

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.

Standing Order

Standing Order

Information

<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

Section 8 Procedure

Section 8 Procedure

Information

The Possession Procedure - 1988 Housing ActThe possession procedure under Section 8 of the Housing Acts 1988 &amp; 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 Business Premises

Renting Business Premises

Information

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,

License Agreement

License Agreement

Information

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

Joint or Single Tenancies

Joint or Single Tenancies

Information

<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

Common Law Tenancies

Common Law Tenancies

Information

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

Business Tenancies

Business Tenancies

Information

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

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Scotland raises £13M/week in property tax revenue

Scotland raises £13M/week in property tax revenue

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Almost £13million a week was raised in property taxes for the Scottish Government, new analysis has revealed.

Student rents may surge due to renters’ rights bill

Student rents may surge due to renters’ rights bill

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Student rents could surge following the introduction of the Renters’ Rights Bill, say landlords, who have warned that it also discriminates against foreign students.

Landlords could face CGT hike if economy dips, IFS warns

Landlords could face CGT hike if economy dips, IFS warns

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Landlords could face a hike in Capital Gains Tax (CGT) if the economy dips before the Autumn Budget, the Institute of Fiscal Studies (IFS) has warned.

The Making Tax Digital net is closing on landlords

The Making Tax Digital net is closing on landlords

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Plans to Revolutionise the UK's Tax System will take a step forward from April 2028 when MTD will be expanded to include those earning more than £20,000 per year

With the RRB on the horizon, is it better to manage your rental yourself or hire an agent?

With the RRB on the horizon, is it better to manage your rental yourself or hire an agent?

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A letting agent ensures compliance with the Renters' Rights Bill and simplifies property management.

Choice of BTL mortgage deals hits record high

Choice of BTL mortgage deals hits record high

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Landlords searching for a new deal will find the choice of buy-to-let mortgages has hit a record high, with 3,860 products available.

Spring statement fails to address rental crisis, NRLA says

Spring statement fails to address rental crisis, NRLA says

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The National Residential Landlords Association (NRLA) has labelled the Spring Statement a missed opportunity to improve the chronic supply crisis in the private rented sector.

Landlords see profits soar from downsizing “loophole”

Landlords see profits soar from downsizing “loophole”

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Landlords are profiting by selling before the Renters' Rights Bill, then reinvesting in post-Bill bargains.

Landlords are being brought "into line” - but more needs to be done to tackle PRS pressures, suggests Labour MP

Landlords are being brought "into line” - but more needs to be done to tackle PRS pressures, suggests Labour MP

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The Government has started to “bring landlords into line”, but more needs to be done to tackle the pressures in the private rented sector, a Labour MP has suggested.

Landlord warns new red tape will reduce rental supply

Landlord warns new red tape will reduce rental supply

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Landlords in Guernsey have warned that new minimum standards brought in this week to make rental homes safer will spark a PRS exodus.

Adding value to your property is the key to investment success 

Adding value to your property is the key to investment success 

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One tried and trusted way to maximise profit is to buy undervalued property, you can then compound the gain by adding value

REPORT: Landlord exodus already impacting market

REPORT: Landlord exodus already impacting market

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Scores of landlords leaving the sector are exacerbating a significant lack of rental properties

Former housing watchdog chief says build-to-rent 'the future'

Former housing watchdog chief says build-to-rent 'the future'

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Long-standing MP Clive Betts is banging the drum for build-to-rent (BTR) through a taskforce that aims to boost the number of properties in the sector

Council leader says HMOs 'change the character of neighbourhoods'

Council leader says HMOs 'change the character of neighbourhoods'

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Warrington leader makes comments as council launches plan to rein-in HMO numbers within town.

Solicitor highlights 'holes' in Labour's renting reforms

Solicitor highlights 'holes' in Labour's renting reforms

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Bethen Abraham highlights two areas of the Renters' Rights Bill that have yet to be clarified by Ministers.

Student landlords STILL being forgotten by Labour - expert

Student landlords STILL being forgotten by Labour - expert

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Paddy Jackman says sector's needs 'falling between' cracks as Government pushes ahead with renting reforms.

Judge highlights  unregulated eviction 'solicitors' problem

Judge highlights  unregulated eviction 'solicitors' problem

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Court case highlights ongoing problem of legal firms that claim to be 'authorised' to help landlords evict tenants when they are not.

Generous property 'leasing scheme' for landlords goes national

Generous property 'leasing scheme' for landlords goes national

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Landlords across Wales can now take advantage of a scheme that lets them lease their property to the local council for up to 20 years.

'Cut stamp duty if you want to help end housing crisis'

'Cut stamp duty if you want to help end housing crisis'

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Scotland’s landlords have urged its government to pause additional stamp duty payments in a bid to alleviate its housing emergency.

Big NE of England town latest to reign-in HMO numbers

Big NE of England town latest to reign-in HMO numbers

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Darlington looks set to be the latest council bringing in tougher rules to control the growth of small HMOs.

Minister explains why pet damage insurance 'not needed'

Minister explains why pet damage insurance 'not needed'

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Minister explains why pet damage insurance will not be mandated, and says current deposit of five weeks 'enough'.

Criminal gang jailed for running cannabis farms across UK

Criminal gang jailed for running cannabis farms across UK

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A gang of cannabis farm operators, drug dealers and people smugglers have been jailed.

Big NW town latest to clamp down on HMO growth

Big NW town latest to clamp down on HMO growth

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Wigan council says rise in number of smaller HMOs within its borders means new powers to scrutinise new applications are needed.

Flipping now 'tricky' as higher taxes and lower price rises bite

Flipping now 'tricky' as higher taxes and lower price rises bite

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The practice of property flipping to make a profit is under serious threat from both higher tax and lower house price rises.

OPINION: Awaab’s Law is coming – be warned, it has serious implications for you!

OPINION: Awaab’s Law is coming – be warned, it has serious implications for you!

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Awaab’s Law: What it means for private landlords and the future of property standards

MPs in race to pass rental reforms before recess

MPs in race to pass rental reforms before recess

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The Renters' Rights Bill now looks more likely to be passed before the summer recess.

London council hikes HMO licensing fees

London council hikes HMO licensing fees

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HMO landlords face paying out £1,570 for a licence when Camden Council renews its additional scheme in December.

England to get its own 'rent service' says housing minister

England to get its own 'rent service' says housing minister

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A new body will help decide rents in a bid to prevent over-loading the tribunal service with rent disputes.

Landlord fined £75K for illegally letting properties

Landlord fined £75K for illegally letting properties

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A landlord has been found guilty of illegally letting two ‘party flats’ after neighbours complained about excessive noise.

Tenant piles pressure on Labour to adopt rent controls

Tenant piles pressure on Labour to adopt rent controls

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Lobbying group says tenant Bridget Chapman's experiences of a sudden rent rise is proof controls are needed.

Minister gifts solicitors £20m pay rise to help tenants fight evictions

Minister gifts solicitors £20m pay rise to help tenants fight evictions

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The Government has increased its support for tenants who face eviction as its looming reforms bring in greater rights for private

Landlord fined £10,000 after ignoring requests to license property

Landlord fined £10,000 after ignoring requests to license property

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A landlord who thought he could ignore council warnings over his property has been fined £10,000.

LATEST: New Decent Homes Standard consultation launched

LATEST: New Decent Homes Standard consultation launched

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Labour has revealed more details of the new minimum standards private landlords will have to meet.

Campaign launched to reverse 'bonkers' pet insurance decision

Campaign launched to reverse 'bonkers' pet insurance decision

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AdvoCATS has launched initiative after Labour decided inexplicably not to allow landlords to require tenants to take out pet insurance.