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HMO sector valued at £78bn with £6.3bn annual rental income

HMO sector valued at £78bn with £6.3bn annual rental income

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he HMO market has been valued at £78billion and generates annual rental income of £6.3billion.

New landlord channel promises raw take on the industry

New landlord channel promises raw take on the industry

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Landlords looking for some no-nonsense straight talking about property can tune into Paul Shamplina’s new YouTube channel.

Landlords in Scotland urged to share views on rent controls

Landlords in Scotland urged to share views on rent controls

News

Landlords in Scotland are being asked for their views on rent control exemptions and where rent could be increased above the rent cap.

Why inventories matter more than ever in a post Renters’ Rights Bill world

Why inventories matter more than ever in a post Renters’ Rights Bill world

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Inventories in a post Renters' Rights Bill world, have never mattered more.

More than one in ten landlords are being pushed out of the buy-to-market, claims new research

More than one in ten landlords are being pushed out of the buy-to-market, claims new research

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More than one in ten landlords are being pushed out of the buy-to-market, according to new research.

Wealthy homeowners look to rent rather than sell their properties after scrapping of the non-dom tax regime

Wealthy homeowners look to rent rather than sell their properties after scrapping of the non-dom tax regime

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Many wealthy property owners who are fleeing Britain due to this month’s abolition of the non-dom tax regime are opting to rent out rather than sell their homes

Tenant groups lay into landlords as the Renters’ Rights Bill passes through the Lords

Tenant groups lay into landlords as the Renters’ Rights Bill passes through the Lords

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Tenant groups have laid into landlords as the Renters’ Rights Bill passes through the Lords.

Landlords encouraged to sign up to HMRC’s testing programme ahead of Making Tax Digital deadline

Landlords encouraged to sign up to HMRC’s testing programme ahead of Making Tax Digital deadline

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Landlords have been encouraged to sign up to HMRC’s testing programme, with less than a year to go until those earning more than £50,000 need to use Making Tax Digital (MTD) for Income Tax.

The Mortgage Works boosts support for limited company landlords by removing need for all mortgage applicants to be directors

The Mortgage Works boosts support for limited company landlords by removing need for all mortgage applicants to be directors

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The Mortgage Works has boosted its support for limited company landlords by removing the need for all mortgage applicants to be directors.

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The Dangers with Section 8 Possession Claims

The Dangers with Section 8 Possession Claims

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There are dangers with using the Section 8 possession claims process under the Housing Act 1988 which are not always apparent to landlords and agents.There is always a temptation to use section 8 because the shorter notice period (usually 2 weeks) is much quicker to court than the alternative - s

What is a Section 25 Notice

What is a Section 25 Notice

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What is a Section 25 Notice? My business lease is coming to an end and my landlord has served on me a Section 25 Notice.Commercial (Business) Tenancies in England & Wales are regulated by the Landlord & Tenant Act 1954 (Part 2).This means that when the fixed term ends (end of lease) the b

What is a Section 48 Notice?

What is a Section 48 Notice?

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Section 48 of the Landlord and Tenant Act 1987 states that landlords of residential tenancies in England and Wales must furnish their tenants with an address in England & Wales at which notices can be served. Failure to do so will mean that any claim for rent, rent arrears or service charges

Fixed-Term or Periodic Tenancy?

Fixed-Term or Periodic Tenancy?

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Should landlord insist on renewing fixed term tenancies or allow them to lapse into periodic tenancies?In essence a tenancy is the right to possess and occupy land belonging to another. A tenancy gives the occupier a legal interest in the land for a defined period of time.A relationship of landlo

What is a Section 213 Notice?

What is a Section 213 Notice?

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A section 213 notice is a prescribed form notice which must be served on your tenant, or another person, if they provided a deposit for a rental.If you have taken a deposit for an Assured Shorthold Tenancy (AST) in England & Wales (the rules in Scotland & Northern Ireland are similar but

A Check List for Serving a Valid Section 21 Notice

A Check List for Serving a Valid Section 21 Notice

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This is a handy check list for use to help you ensure you are serving a valid section 21 notice. Section 21 of the Housing Act 1988 (as amended 1996 & 2004) provides a means of re-gaining possession of a residential property in England & Wales. Other UK jurisdictions are similar but there

Tenant's Notice to Quit

Tenant's Notice to Quit

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How can a tenant end a residential tenancy and stay within the law - usually with a Tenant's Notice to Quit?In practice most residential tenancies in England and Wales end (over 90 per cent of them) with tenants giving their landlord notice. These guidelines are based on English law and are not a

Agricultural Tenancies

Agricultural Tenancies

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Farm and Land Tenancies Approximately one-third of all agricultural land in England and Wales is covered by agricultural tenancies. Tenancies allow people to farm without being landowners. As agricultural land is expensive, and the acreage now needed to make a viable operati

How Can I Sell My Rental Property?

How Can I Sell My Rental Property?

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Landlords sometimes face a dilemma when they want to sell a rental property, or even a portfolio of their rental properties. Sometimes landlords have no choice but to sell as they are being forced to sell for financial reasons.Residential properties, unlike their commercial counterparts, always s

Flooding '� both a landlord's and a tenant's nightmare...

Flooding '� both a landlord's and a tenant's nightmare...

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Storms & Floods : Given the severityof the bad weather and floods in some areas of the country recently,the past weeks have been an extremely anxious time for some tenantsand landlords. Unfortunately itappears that these worries are not goi

Possession Claims Online

Possession Claims Online

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Section 21 : Not every landlordor agent would consider handling a possession claim themselves, butthe good news is, it can be done the system is designed for LIGs litigants in person. Everyone has theright to speak for themselves in co

Renewing a Business Lease

Renewing a Business Lease

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Commercial Property :A commercial lease is based on contract law and a contractual agreement between landlord and tenant. The rules laid down are those as agreed in the lease agreement and are largely unencumbered by statutory rules, unlike the case with a residential tenanc

Short-Term letting, not without its problems'�

Short-Term letting, not without its problems'�

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Holiday Lets : With the changes tothe tax rules many buy-to-let landlords are thinking of creative waysto overcome the loss of income. Their inability to claim tax reliefon their mortgage interest and the removal of their wear and tearallowance has made a

Landlord and Tenant Act 1954 (Part II)

Landlord and Tenant Act 1954 (Part II)

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The Landlord & Tenant Act 1954 Part II deals with the leasing of Commercial (Business) Premises in England & Wales.Commercial (Business Tenancies) Landlord and Tenant Act 1954, Part II The Landlord and Tenant Act 1954 (the Act) is an important piece of legislation in

Would you like to be on Channel 5's Nightmare Tenants Slum Landlords programme?

Would you like to be on Channel 5's Nightmare Tenants Slum Landlords programme?

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Its producers are looking for landlords who need help with a nightmare tenant or letting agent and are happy to feature in the show. Are you one of the millions of landlords who tune in to watch Channel 5s regular Nightmare Tenants Slum L

LATEST: Abolishing Section 21 notices will take at least until late 2021 to become law

LATEST: Abolishing Section 21 notices will take at least until late 2021 to become law

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LandlordZONE understands that the huge task of sifting through 1,000's responses to the governments consultation on evictions reform, and the likely long process of getting the law through Parliament, will take at least 18 months. Landlo

Property expert David Lawrenson looks back on the 2010s...

Property expert David Lawrenson looks back on the 2010s...

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Private Rented Sector Consultant a private rented sector consultant at letting focus and tenants renting guide David Lawrenson

Birmingham introduces city-wide HMO restrictions

Birmingham introduces city-wide HMO restrictions

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Article 4 direction : Birmingham CityCouncil is introducing a city-wide direction for houses in multipleoccupation (HMOs) from 8 June 2020. An Article 4planning direction means that planning approval will be required forthe conversion of a famil

Capital gains 'Letting Relief'� rule change from April...

Capital gains 'Letting Relief'� rule change from April...

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Capital Gains Tax: Owners of second homes and buy-to-lets that they have previously lived in should be aware that as from April 2020 the tax relief period allowed against capital against tax (CGT) will be reduced. As it is a present,when you se

Terminating a Letting Agent's Contract

Terminating a Letting Agent's Contract

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Letting Agent Contracts: One common question asked by landlords is, "how do I terminate my relationship with my letting agent?"For one reason or another, landlords sometimes wish to end their relationship with their letting agent and want to know how to go about it.Requests

Labour plans would challenge buy-to-let investors and second-home owners...

Labour plans would challenge buy-to-let investors and second-home owners...

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General Election: Part of Laboursbid to be elected on 12th December is a raft of taxraising measures aimed at buy-to-let landlords and second homeowners. Jeremy CorbynsLabour party manifesto launch last week outlined a n

Controlling moisture and condensation in homes

Controlling moisture and condensation in homes

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Condensation andmould : This time of year,as the temperature drops, both new homes and old homes aresusceptible to the formation of condensation and unsightly mould: newhomes because they are effectively a sealed box, and old homesbecause they often lack ef

Winter Proof Your Rental Properties

Winter Proof Your Rental Properties

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The colder weather is here again, its that time of year coming; you feel that cold chill in the air, the snow and ice will soon arrive, and you know its time to get out that winter coat, scarf and gloves.You also know that cold wet weather on the way will test your rental properties and tenant

Portfolio landlords now average 13 properties

Portfolio landlords now average 13 properties

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Portfolio Landlords: Buy to let lender Paragons recent research shows that professionaland larger-scale landlords are still investing and are increasing the size oftheir portfolios through more targeted investments. With an average portfolio

Tenants can sue landlords for cold or damp homes under new laws

Tenants can sue landlords for cold or damp homes under new laws

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New rules that came into force in March allow https://www.independent.co.uk/news/business/news/landlords-sue-cold-damp-homes-law-tenants-renting-housing-a8776671.html" tenants to sue landlords for issues like cold and damp. A broken heating system or poor ventilation that

Don't fall foul of the authorised guarantee agreement...

Don't fall foul of the authorised guarantee agreement...

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Commercial Property : A recent High Court decision in Co-Operative Group Food Ltdv. A&amp;A Shah Properties Ltd (2019) relates to an authorised guaranteeagreement (AGA) dispute, in this case an agreement involving a guarantor of theoutgoing tenant. <p id

Section 21 to be banned in the UK

Section 21 to be banned in the UK

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The Government has announced its intention to scrap Section 21 notices for eviction in an effort to offer tenants more long-term security.

New service charges rules in commercial property

New service charges rules in commercial property

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Commercial: A new set of mandatory rules introduced from 1stApril 2019 and though the document itself is titled a first edition, itsupersedes 3 previous editions published as codes of practice. The RICS (Royal Institution of Ch

Security & Locks - Buy to Let Renovation & HMO Projects

Security & Locks - Buy to Let Renovation & HMO Projects

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Security: Renovating a buy-to-let property can be a great way for landlords to increase the rental income

My tenant left without telling me...

My tenant left without telling me...

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Abandonment: When times get hard the instances of tenants leaving without notice are known to increase. Doing a runner�, skipping� moonlight flitting� walking away� or gone away� and in the words of the immortal song;

What happens if someone other than the tenant pays the deposit?

What happens if someone other than the tenant pays the deposit?

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Tenancy Deposits: According to TDS (Tenancy Deposit Scheme) less than 1% (0.85%) of tenancies they handle have resulted in a deposit dispute in the year to March 2018, nevertheless its important to get it right when dealing with tenants' deposits.Cleaning was the most com

The Condensation Conundrum

The Condensation Conundrum

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Viewpoint by Tom Entwistle As winter approaches outside temperatures drop and the perennial landlords problem of winter condensation and black mould rear their ugly heads again.The question is, how do you know if this is caused by the building or the tenant, or is it a co

Tax on income from lodgers and short stay tenants

Tax on income from lodgers and short stay tenants

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Landlords' Tax: Internet sites, such as AirBnB, have increased the number of landlords letting to lodgers and to guests on short stays. There are specific tax benefits to this type of letting business which are expanded upon below.Furnished holiday letting</st

Section 21 Notices - for older tenancies in England

Section 21 Notices - for older tenancies in England

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Section 21: Most tenancies will never require the service of a Section 21, Housing Act 1988, (eviction) notice. However, on those occasions when it does become necessary, and you just never know, landlords (and agents) will thank their lucky starts they complied with the rul