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:</
Taking in a LodgerIf you're considering taking a lodger there are some important things to think about first. Most of its common sense, but its a good idea plan carefully and get things right.[list type='3'] <ul <li Taking in Lodgers is a good way to earn extr
Obtaining Possession Using Section 8 NoticesThis article explains how to gain possession of your residential rental property using the Section 8 procedure.Section 8 is a breach of contract court procedure.There are 17 grounds for possession listed in the Housing Acts 1988 & 199
How do I Ensure Notice Dates are Correct?Landlords and letting agents, at various times during a tenancy, may need to serve legal notices on their tenants.It is vital that not only do you complete and serve the notice in such as way that it is valid, but that you can
Paragon Bank survey shows 62% of landlords support Decent Homes Standard; 74% frustrated by lack of action against substandard housing.
There have been many articles in the media stating that it will cost £5,000 to £6,000 to improve a residential landlords EPC from D to C. James Tanner, whose family operates a London-based PRS portfolio, and who also runs a https://www.jtannerproperties.c
New research within the private rented sector has unearthed surprising attitudes to rent increases among tenants. Uswitch asked 2,000 renters whether they would accept an increase when renewing their rental contract and found that on average 36% would accept an increase while 50
Private landlords face a combined bill of �17.9 billion to upgrade their properties to a minimum EPC band C by 2025, with landlords in the capital facing the largest bill at �3.2 billion. Knight Franks figures highlight the looming crunch within the private rented sector pr
Leading landlord and evictions figure Paul Shamplina has warned those seeking property investment training to be wary of courses which seem to provide easy shortcuts to success�. His comments were made over the weekend within an investigation by The Telegraph newspaper into
The UKs largest holiday home rentals website has published shocking figures that reveal the average income earned by property investors on its platform. Sykes Holiday Cottages Holiday Letting Outlook Report 2023 reveals that its average owner saw an income of �24,000 last
A First Tier Property Tribunal has slammed Nottingham Council for covering large swathes of the city with licensing schemes rather than targeting rogue landlords, a 'temptation' it says is faced by other local authorities. Justice for Tenants brought a case on behalf of a tenant
As landlords continue to exit the buy-to-let market, to the detriment of their tenants, could this rout also lead to buy-to-let mortgage lenders following their lead? This is a question posed by Chloe Cheung writing for the FT this last weekend. Its a serious question, a deve
Letting agents have backed the Governments decision to reform the way HMO properties are banded for council tax. Propertymark, which represents the estate agency sector, says in its submission to a consultation by the Department of Levelling Up, Housing and Communities that p
The Bill has moved another step closer to becoming law, with MPs agreeing amendments that include preventing landlords from taking more than one month’s rent.
Keeping on top of your accounts month by month makes the annual self-assessment tax return task easier and makes sure you are in control of your business
Limited Company buy to let mortgages are increasingly popular, however there are still many myths that need debunking.
Landlords in Kent are inheriting huge council tax bills racked up by the previous owners when buying empty properties.
The proportion of incorporated property held in portfolios of landlords who use limited companies has more than doubled since Q1 2020.
A leading property lawyer warns that removing risk mitigation strategies will make many tenants on lower incomes “unlettable”.
A landlord must repay tenants £20,000 in rent after he failed to convince a tribunal he wasn’t aware of a licensing scheme.
All private landlords in Barking and Dagenham must get a licence from April following the introduction of its selective scheme.
There’s an often-overlooked impact of couples splitting on the demand for housing and particularly for rentals as splits occur every year in the UK
The Welsh government has agreed to explore the possibility of making landlords give tenants compensation if they are evicted.
A former solicitor and property expert has penned a book on how landlords can avoid litigants and potential crippling fines.
Landlords have been reminded to double check tenants’ documents after several London landlords were handed fake payslips.
Property portals and estate agents are failing buyers of leasehold properties by not flagging up legally required information.
Fees for joining the redress scheme and landlord database could be “significantly higher” following amendments to the Renters’ Rights Bill.
A Portsmouth rent-to-rent agency which let out overcrowded and unlicensed HMOs has been handed a hefty fine.
April’s stamp duty hike looms, so if you’re considering selling, sooner is smarter.
TSB has launched a new concessionary mortgage for landlords looking to sell their properties to tenants with no deposit required.
New year, new you. Sound familiar? Many of us start the new year with the very best of intentions, only for them to fall by the wayside.
Private equity firms and pension funds have been upping the ante with their investments in the UK rental market
Landlords should check whether they’re in one of 37 licensing schemes under consultation or about to be implemented – or risk a huge fine.
Landlords would be banned from demanding several months’ rent in advance under new amendments to the Renters’ Rights Bill.
Landlords in Northern Ireland must soon guarantee that electrical safety checks have been carried out at private tenancies.
Councillors have labelled a proposed voluntary landlord initiative to raise standards in North East Lincolnshire, “a waste of time”.
A leading Scots letting agent has warned that policies which seek to undermine the PRS are damaging tenants’ wellbeing.
