With commercial property, rent reviews are generally to the open market rent, but sometimes the rent would be adjusted to the Retail Price Index (RPI). RPI is generally considered more favourable to landlords than CPI or other methodologies.There is no link between open market rent and inflatio
Amongst the thorny issues in the relationship between landlord and tenant is the building insurance premium. Unlike residential property where the landlord has a vested interest in making sure the premium is competitive, because more than likely the premium would not be recoverable from the tenan
Theres recently been a spate of press reports and political wrangling about the existence of Zero-Hour Contracts. This has become something of a hot political issue as we approach a general election, and one surprising development is recent attempts to embroil landlords in the issue, as if the
Traditionally, with commercial (business) leases, a contractual provision within the lease specifies the use, or uses to which a property may be put and the uses which are prohibited.The formal classification of Uses� are set out in the Town and Country Planning (Use Classes) Order 1987 as a
As most Assured Shorthold Tenancies (AST) are by definition, short, there is usually no need for landlords to get involved in processing a rent increase.However, some ASTs run for long periods after the fixed term has ended, i.e., when the tenancy becomes a statutory periodic tenancy, hence there
The ideal for any landlord is for the tenant to have a guarantor and provide a rent deposit. But which is better when the landlord has to choose?The starting point is the status of the tenant. With a tenant that is one person (an individual) the likelihood of that person being of independent fina
When you rent out a property two vital stages in the process are when you check-in your tenants at the start of the tenancy and check-out at the end.Preparation is the key to a trouble free let. When you prepare properly you are carrying out management processes so that nothing is left to chance
Elsewhere on LandlordZONE (at https://www.landlordzone.co.uk/information/what-is-a-section-25-notice" https://www.landlordzone.co.uk/information/what-is-a-section-25-notice and https://www.landlordzone.co.uk/information/what-is-a-section-26-notice-2 ) you can find out about sec
Contrary to popular belief, 'upward-only' rent review does not mean the rent must increase.An 'upward-only' review means that the rent payable after the review to open market rental is agreed or ascertained would not be less than the rent payable before the rent review, even if the open market re
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? 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
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
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
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
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
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
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
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
A landlord has been fined for dumping piles of construction waste from his rental property on the side of a road. Timber, mattresses, carpets, tiles, and other household waste was removed from the house in Huntingdon as part of renovation works between tenants. Evide
A mature international student has turned to a crowdfunding site to raise �12,000 after his landlord demanded a years rent upfront. Mohamed Elsawwah, who lives in Birmingham with his wife and three children, has been studying international business in the UK for the last eig
The Government is preparing to compromise over its plans to abolish Section 21 'no fault' evictions by beefing up landlords ability to eject unruly tenants including those involved in anti-social behaviour, the Prime Minister has revealed. The initiative is part of the
Smaller portfolio landlords quitting UK rental sector, says Bank of England: mounting costs & regulation driving exits, reducing rental supply.
Letting agents and their landlords who advertise properties as 'no children' face being accused of breaking discrimination rules, it has been claimed following a campaign by Shelter. The organisation says agents who advertise properties as no children are now breaking The
Eviction expert Paul Shamplina warns of a social housing crisis post-Section 21 abolition, citing court delays and landlord uncertainty.
Short-term holiday lets platform Your.Rentals is raising on the crowdfunding site Seedrs as it seeks to expand its reach in the UK, raising some £1.3 million so far. The Copenhagen-based company, which is headed up by founder Andrew Martyn (main picture),
It has been reported this week that housing minister Rachel Maclean (main picture) told a meeting in Westminster that fellow Conservative MPs and the property sector (i.e. the NRLA and other trade associations) are wrong to claim that landlords are leaving the sector. This
Manchester students occupying a university-owned building in a protest over rent costs and living conditions have been ejected by bailiffs. Manchester University says their action was illegal and that it was granted a possession order by the High Court. When the 20 strikers refu
A leading property lawyer has poured scorn on government estimates that the Renters’ Rights Bill will cost landlords £12 per rented property each year.
Landlords with holiday let properties in Wales will soon have to register their properties and collect a £1.25 per person, per night fee from clients.
West Northamptonshire Council has given the go-ahead for an extended additional licensing scheme in Northampton.
A big council in London has called on letting agents to stop pitting tenants against one other in “exploitative” bidding wars within the borough.
Keir Starmer got into hot water recently after saying landlords did not ‘work’ for their income, but Scotland’s housing minister has taken a very different approach.
Airbnb has teamed up with global landlord Greystar to allow tenants in three London apartment blocks to rent out their homes.
More than 100 local councils in England and Wales have not prosecuted any rogue landlords in the last five years despite getting thousands of complaints.
Ever since the government announced its new inheritance tax rules, there has been intense debate about how many people will be affected
The NRLA has insisted that its evidence around the Renters’ Rights Bill was not “alarmist” nor due to “fundamental opposition” to proposed changes as claimed by housing minister Matthew Pennycook.
Higher market rents is the most common reason given by landlords for a rent hike, affecting 20% of private renters, according to new research by Generation Rent.
Irish landlords are facing rent controls after one of the three main parties running for election next Friday (29th November) promised to ‘cut rents’ as the cost of living continues to be an issue.
Preventing landlords from raising rents in between tenancies is an idea - like rent controls - that simply “could not survive contact with reality”, says Scotland’s landlord body.
Landlords who have properties within ‘problem’ leasehold blocks have been given some good news following housing minister Matthew Pennycook confirmation that Labour will ‘end leasehold’ and make commonhold the ‘default’ tenure before the end of this parliament.
Smaller landlords are being forced out of the private rental sector in favour of corporate limited companies – and tenants will be the losers, according to one landlord who’s quitting.
Three rogue landlords have been fined a total of £403,079 for operating a network of unlicensed and unsafe HMOs, labelled “an orchestrated system of neglect for financial gain”.
New LandlordZONE podcast features Suzanne Smith sharing her journey from lawyer to full-time portfolio landlord.
BTL landlords enjoyed average yields of 6.72% in September, up from 6.69% at the end of the second quarter and 6.48% in the previous year.
New report reveals that it doesn't take much to tip a landlord relationship into something that a tenant sees as negative, particularly when landlords are largely portrayed negatively in mainstream media.
Nearly 10 % of rented homes lack CO alarms—landlords face fines up to £5,000 for non-compliance.
An HMO landlord who blamed a guaranteed rent firm for breaching his licence has failed in his bid to overturn a £7,500 fine.
RICS survey predicts growing shortage of rental properties. Demand is predicted to grow while supply declines.
Councillors in Ipswich have rejected plans for a register of all HMO licensing applications in the town.
Landlords face considerable risks from self-managing their properties when the Renters’ Rights Bill goes live, according to a letting agent expert.
Scotland’s landlords and letting agents have warned that the country’s imminent rent controls will backfire.
Landlords could soon be paid their rent via credit cards rather than bank transfer after a Spanish company said it plans to launch in the UK.
