Assuming a commercial property is let already, the proposition an income-producing investment, the investor would be buying the building/property, not the tenant's business. Since the purchase price is geared to the passing and reversionary rent, it is normal to assess the tenant's ability to per
I have always found the holding deposit (an initial retainer paid to the landlord or agent to reserve a tenancy) is a very useful device to commit the tenant to your letting. But is it legal to withhold the advance deposit you take from a prospective tenant if they back out?In my experience a pro
What do I need to do when I protect my tenant/s deposit? If you take a deposit from your tenant/s you MUST protect the deposit and serve your tenants with the correct documentation within 30 days or face having to pay a fine and the prospect that you cannot use the s21 evict
I am revisiting ITZA in the light of an experience I am enduring concerning some tenants that are inexperienced of rent review. Tenant contention is that an ITZA adopted/agreed for a previous review should be used again for a current review.Unless the ITZA is documented in a binding agreement, th
Basically, what is known as a Calderbank offer is a 'without prejudice;' offer to settle a dispute to avoid the extra costs and associated risks of a full referral.From Calderbank v Calderbank [1976] and originally confined mainly to family property disputes, an offer of settlement made before th
According to research from the NLA, 4 in 10 landlords are either seriously considering forming a limited company or looking into the option in the coming months.Can you - and more importantly should you - set up a company to pay less tax? Heres my complete guide on becoming incorporated.<stron
What heating system should you use in your rental property? Is there a heating system that could solve landlords condensation claims problems?Its one of the most important questions to ask when letting a property for the first time. Whatever system you choose carries implications for the ef
The Residential Landlords Association (RLA) and the National Landlords Association (NLA) have called on the classified online listings service Gumtree to issue clear guidance over possible scams involving bogus letting scams.The warning has been issued to Gumtree by the NLA and the RLA after f
At rent review, the phrase 'going to arbitration' is often bandied about during negotiations as a means for one party to get its own way. Whether or not the parties can agree the rent without involving the dispute resolution procedure, it is common for a represented or experienced party to inv
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 heading for retirement age are the fastest growing group privately renting in England, according to new figures.
Tenant group Acorn has protested outside a landlord’s shop after he refused to return a former tenant’s deposit in a dispute over a leak.
Edinburgh Council has responded to accusations of double standards when housing homeless people in 30 unlicensed HMOs by moving tenants out of the properties.
Hyndburn Council wants to deter landlords from making the most of its cheap properties and ‘multiple deprivation’ by clamping down on HMO conversions.
As we approach the festive season of 2024, like many of us, I find myself drawn to Charles Dickens's timeless tale, A Christmas Carol.
Landlords blame upcoming legislation and tax changes for causing 73% of them to feel less confident than they did last year.
Renter groups have called on the government to do more to tackle ‘out of control’ rents, as a government survey reveals that more than a third of landlords increasing rents on new tenancies did so by at least 15%.
Nearly a third of landlords plan to reduce the size of their portfolio in the next two years, with 16% aiming to sell all their properties, official research shows.
The 2019 Tenant Fees Act, which over the past five years has severely restricted what fees landlords and letting agents can charge tenants, has been a success, two academics have claimed.
A partnership has been agreed that will enable landlord who are members of the National Residential Landlords Association and letting agents to better manage tenancy changeovers, for free.
The Law Commission is reviewing Part 2 of the Landlord and Tenant Act 1954 (LTA) to “ensure that it works for today’s commercial leasehold market.”
TV star and Landlord Action founder Paul Shamplina has been named seminar speaker of the year, fighting off competition from 38 other candidates.
Home energy installation company BOXT aims to revolutionise the way heating systems are installed in private rented homes.
Landlords and agents have slammed the Scottish government’s decision to increase the Additional Dwelling Supplement (ADS) under Land and Buildings Transaction Tax from 6% to 8%.
Proposed changes to Energy Performance of Buildings regulations mean private landlords in England and Wales would have to get EPCs more frequently.
Landlords buying up property portfolios have helped non-residential property sales reach a new high this year as investors seek to capitalise on the existing tax rate, ahead of stamp duty changes.
Wealthy Chinese students are paying £66 a week or 42% more in rent than their British counterparts, according to the latest StuRents annual report.
A property expert has voiced concerns that councils won’t have the resources to implement the government’s new high street auctions initiative.
A landlord in London has been ordered to repay three of his tenants £10,538 after they applied successfully for a rent repayment order (RRO).
Damp and mould can affect your rental properties at any time of year; but issues are much more likely to occur in colder months.
Mortgage rates are likely to drop even further before the end of the year, providing some much-needed festive cheer for landlords.
Private renters are increasingly staying for longer in their homes, contrary to tenant groups’ argument that they face ‘insecurity of tenure’.
A rogue landlord who turned her three-bedroom bungalow into a 15-room unlicensed HMO where tenants slept on camp beds in windowless rooms has been handed a £12,000 fine.
Landlords have been advised not to let their tenants deck the halls with flammable holly during the festive season.
The government has set out new targets to fix unsafe buildings in England as part of its Remediation Acceleration Plan.
