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
Citizens Advice has urged the government to extend Awaabs law to the PRS to help the estimated 1.6 million children living in damp, mouldy or excessively cold privately rented homes. Awaab Ishtak died aged just two years old after living in a mouldy and
A new survey has downplayed the scale of landlords ready to quit the sector due to heavy-handed government regulations and upcoming legislation. Leaders Romans Groups poll of 271 landlords found that only 7% plan to sell up in the next year while 12% aim to reduce their portf
Nottingham councillors have voted through a contentious additional HMO licensing scheme. The current scheme, covering central areas of the city, will soon come to an end and the council plans to introduce a new citywide scheme in January 2024. It says this would pre
Peers have slammed the governments Boiler Upgrade Scheme for attracting a disappointingly low� take-up of grants. Launched in https://www.landlordzone.co.uk/news/latest-official-boiler-upgrade-scheme-launches-today-but-is-it-enough/" target="_blank" <stron
A BBC investigation has uncovered a new property rental scam that uses Facebook Marketplace and then fake accommodation booking sites to lure in unsuspecting tenants. Called an advance rent payment scam, a technique that has been around for many years, this version of it is more
The Government has now committed to delivering Awaabs Law in a new amendment to the Social Housing Regulation Bill. But does the Government intend to place the same onus on private landlords, and is this law totally fair? I cant help feeling perplexed as
Landlords in Bradford and Leeds are enjoying the UKs best rental yields, with those in Exeter seeing the largest annual growth last year. Yields have increased by as much as 2.5% in the past 12 months, according to Sirius Property Finance, which reports that as rent values ou
Propertymark criticises licensing schemes for punishing compliant landlords with delays, fees and red tape due to under-resourced councils. S
An influential new report has slammed the Governments lack of progress on its much-heralded desire to see the property sector reach net zero by 2050. Published today jointly by the British Property Federation and property giant JLL, the report is critical of Government
A Liverpool landlord has been hit with a fine of almost £14,000 for allowing tenants to live in a “house of horrors”.
Nearly half of landlords and three quarters of the general public support rent controls, a poll by YouGov on behalf of wealth inequality not-for-profit Common Wealth has revealed.
A Welsh politician has sounded the alarm over new legislation which risks exacerbating the mass exodus of private landlords.
A leading agency has warned that tenants could move into a property without having paid any rent once the Renters’ Rights Bill becomes law.
The next six months will see a huge increase in demand for rental properties, landlords and letting agents have been told.
The directors of a supported housing company who illegally evicted a vulnerable tenant have been handed suspended jail sentences.
The Government is evidently taking decisive steps to ensure swift progress of the Renters’ Rights Bill through the Commons and the Lords, with a view to having the Act implemented before Easter
A landlord couple have won their legal case against a tenant who claimed her section 21 notice was invalid.
The government looks set to launch its overdue consultation into new energy efficiency standards in the PRS during the next few weeks.
The Renters’ Rights Bill returned to Parliament this week and it getting ever closer to becoming law by the summer has sent alarm bells ringing.
The Renters’ Rights Bill has had its first reading in the House of Lords and is due for a full debate on 4th February.
Local councils will be offered up to £79,000 to refurbish an empty property under the government’s new High Street Rental Auctions initiative.
Burnley has given the green light to a bigger selective licensing scheme covering 3,700 private rented properties.
Letting agents have reported that institutional and portfolio landlords are moving in to buy stock from exiting landlords.
Budget changes present businesses including landlords and letting agents with some real stiff challenges in 2025
Social media users have ridiculed a landlord for advertising an expensive room - but asking would-be tenants to stay out until after 8.30pm.
Average rent in England increased 9.2% to £1,369 in the 12 months to December - slightly down on the previous record-high annual growth.
A landlord couple who moved into their tenant’s spare bedroom while she was still living there have been fined.
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.
