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:</
Londons mayor Sadiq Khan has urged private landlords who are planning to exit the private rented market to sell their properties to local councils instead of other landlords. Khan made the comments within a self-congratulatory statement on his website l
A landlord in London must now pay �40,000 after losing his appeal against his fine for breaching Mandatory HMO licensing conditions at a bedsit property above a pub. Earlier this year Islington council brought a prosecution against Mohammed Shahid for fai
For years now, what would appear to have been successive waves of anti-landlord legislation have been bearing down on buy to let, but will this change under a new prime minister? From George Osborne to Rishi Sunack, the Treasury, it would seem, has been milking the buy to let la
The next chapter in the troubling story of property guru Glenn Armstrong has begun after court records have revealed that the infamous �3m seven-bedroom trophy mansion he often used within his marketing effort has been repossessed by bailiffs. The 62-year-olds now form
Ben Beadle critiques Rishi Sunak and Liz Truss for neglecting landlord concerns, urging focus on supply crisis and policy clarity.
London Mayor Sadiq Khan has called on the next Tory PM to force landlords to pay tenants moving costs when asking them to move out of a property where the renter is not at fault. His comments were made during a debate within the London Assembly on housing issues in the capita
A landlord has been unwittingly drawn into a heated debate over the looming changes to the Welsh private rented sector. The country's Government recently delayed its planned reforms that will alter how tenancies, properties and evictions are managed, similar in many ways to the
Wannabe Prime Minister Liz Truss has announced that, if elected next month, she will introduce measures to enable tenants within the private rented sector to record their rent with the UK's credit reference agencies. This will both help tenants get on the property ladder via imp
A landlord in East London is to pay two of her former tenants just over �12,000 after a rent repayment order (RRO) tribunal judge said she had at times bullied the pair and verged on threatening behaviour. Judge Shepherd awarded
Private landlords are being offered attractive letting and leasing deals by the Royal Borough of Greenwich in a bid to tackle its housing crisis.
Landlords could get more choice about what type of energy efficient upgrades they fit in their properties under the government’s Warm Homes Plan.
HMRC has made the unusual step of warning landlords not to use widely-routed tax avoidance schemes which it says are being marketed to buy-to-let investors as a way to save Capital Gains Tax.
A whopping 69% of renters haven’t heard of the Renters’ Rights Bill and 75% don’t understand how it might impact them, a new survey has revealed.
The Renters' Rights Bill is set to to overhaul the eviction process, with bailiffs increasingly under pressure.
House prices dropped in April as buyers paid thousands more in stamp duty, it has been revealed.
The court system isn’t ready for the Renters’ Rights Bill, it was declared in the House of Lords this week.
A worrying 39% of landlords will probably exit the market within the next five years, according to the latest poll.
Only 9% of properties sold by landlords in Scotland in a recent 12-month period returned to the private rented sector, a new survey has found.
Only a fifth of landlords and letting agents feel prepared for the new mandatory sanctions checks on all landlords and tenants.
More landlords are investing in mixed-use properties in their quest for more robust returns.
The average asking rent of a property outside of London has increased to a new record £1,349 a month, new data reveals.
The number of homes for sale has reached a new height as demand among house hunters “cools”, it has been revealed.
How do you get started investing in property? A recent post on our LandlordZONE Forums got me thinking about this question
Tenants in Buckinghamshire fork out for the highest rents in the country - even more than those living in London’s prime SW7 postcode.
Paragon Bank has launched its cheapest buy-to-let five-year fix in almost three years, becoming the latest lender to offer landlords more attractive deals.
London Renters Union protested against “slumlords” in the capital at the weekend, calling for housing justice for all.
Older renters are heading for a bleak retirement with significantly less financial security than their homeowning peers.
A flawed grounds for possession will reduce the supply of student housing, the NRLA has warned.
Landlords were left with bills of up to £30,000 after cannabis gangs took over their properties and left them unliveable.
More firms are looking to rent office space than at any time since before the pandemic, new Rightmove research has found.
A judge has given a First Tier Property Tribunal a ticking off for unfair conduct during a hearing over a dispute about leaseholder service charges.
Battersea is taking a stand to ensure tenants have the right to keep their pets while renting.
