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How long should accounts be kept

How long should accounts be kept

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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

Expiry of Section 21 Notice

Information

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

Covenant and Covenant Strength

Information

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

10 year lease

10 year lease

Information

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

Uncollected Goods

Uncollected Goods

Information

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.

Standing Order

Standing Order

Information

<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

Section 8 Procedure

Section 8 Procedure

Information

The Possession Procedure - 1988 Housing ActThe possession procedure under Section 8 of the Housing Acts 1988 &amp; 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 Business Premises

Renting Business Premises

Information

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,

License Agreement

License Agreement

Information

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

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Landlord money moving 'out of homes and into offices'

Landlord money moving 'out of homes and into offices'

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Some residential landlords quitting the PRS appear to have moved their investments into the commercial sector, particularly offices.

Base interest rate cut by Bank of England monetary committee

Base interest rate cut by Bank of England monetary committee

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Monetary Policy Committee decides time is to take the breaks off the economy.

Welsh Government to go ahead with HMO council tax changes

Welsh Government to go ahead with HMO council tax changes

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Comments following 12-week consultation show, despite some reservations, HMOs will be counted as one property.

Unwanted residents that don’t pay any rent… 

Unwanted residents that don’t pay any rent… 

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Rats and other vermin can cause endless damage to your property, give you legal nightmares and trash your reputation as a responsible landlord

EXCLUSIVE: Fergus Wilson says he's a fair landlord, not 'Britain's worst'

EXCLUSIVE: Fergus Wilson says he's a fair landlord, not 'Britain's worst'

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Landlord Fergus Wilson has rejected his label as the ‘most hated landlord’ in Britain and insists his policy of vetting tenants has always been fair.

EXPERT: Why landlords and agents must now check every tenant's identity

EXPERT: Why landlords and agents must now check every tenant's identity

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Landlords and letting agents now face substantial fines if they don't check prospective tenants' identities before they move in.

Shock survey of letting agents reveals smaller landlords quitting in droves

Shock survey of letting agents reveals smaller landlords quitting in droves

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Letting agents have warned that the Renters’ Rights Bill could gut the private rental sector of one- and two-property landlords.

Landlords advertising HMO rooms 'far in advance of start date'

Landlords advertising HMO rooms 'far in advance of start date'

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HMO landlords are increasingly advertising rooms to rent way in advance of tenants moving out, new research shows.

Demand spikes for freehold houses from first time buyers - Landlords cash in before the crash

Demand spikes for freehold houses from first time buyers - Landlords cash in before the crash

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Landlords are cashing out fast as demand from first-time buyers spikes. Freehold homes are hot—now’s the time to sell.

Portsmouth landlords throw party to celebrate four decades

Portsmouth landlords throw party to celebrate four decades

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Landlords celebrated 40 years of Portsmouth & District Private Landlords Association (PDPLA) with a garden party for old and new members.

Councils will make surprise visits in bid to snare rogue landlords

Councils will make surprise visits in bid to snare rogue landlords

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Local authorities will be able to enter private rented properties without informing landlords in advance.

Discrimination clampdown could trip up unwary landlords

Discrimination clampdown could trip up unwary landlords

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Landlords could get caught out by tougher rules around discrimination unless they evidence legitimate reasons.

“Landlord Whales”: the Super–Landlords quietly exiting the sector for big cheques

“Landlord Whales”: the Super–Landlords quietly exiting the sector for big cheques

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"Landlord Whales”: the Super–Landlords quietly exiting the sector for big cheques

Planning reforms haven't worked says leading build-to-rent firms

Planning reforms haven't worked says leading build-to-rent firms

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Planning red tape has caused a slowdown in build-to-rent (BTR) schemes that risks undermining investor confidence, according to the new Build to Rent

Inventory boss slams Government's 'pet in lets' rules chaos

Inventory boss slams Government's 'pet in lets' rules chaos

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News
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The government risks creating uncertainty and conflict between landlords and tenants unless rules are clarified soon.

Surge in tenants 'staying put' as moving becomes more expensive

Surge in tenants 'staying put' as moving becomes more expensive

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Many tenants are staying put for much longer due to their struggle to find rentals and the prospect of paying higher rents for a new property.

Tory blogger mounts unusual challenge to looming pet rules

Tory blogger mounts unusual challenge to looming pet rules

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Blogger and former Tory politician says new pet acceptance rules legalise trespass by livestock.

Big fine for portfolio landlord who ignored licensing scheme

Big fine for portfolio landlord who ignored licensing scheme

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News
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A rogue landlord has been fined £23,500 for knowingly failing to license one of their properties in Haringey.

Should landlords be worried about the looming EPC upgrade deadline?

Should landlords be worried about the looming EPC upgrade deadline?

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Podcast
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The LandlordZONE podcast sat down with Nationwide's Landlord Lending Chief to talk EPCs and what they mean for landlords.

EXCLUSIVE: Landlord group reveals battle to stop licensing scheme

EXCLUSIVE: Landlord group reveals battle to stop licensing scheme

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Landlords in Scunthorpe have called for judicial reform after their bid to challenge an upcoming selective licensing scheme failed.

Landlords urged to check electrical paperwork or risk fine

Landlords urged to check electrical paperwork or risk fine

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Millions of landlords will have to renew their Electrical Installation Condition Reports in the coming months, warn electrical certification body.

Over 1,000 people sign anti-holiday let petition in hotspot

Over 1,000 people sign anti-holiday let petition in hotspot

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Disgruntled residents in York have backed a petition to clamp down on the number of short-term lets in the city.

'Reckless' letting agent fined over illegally rented properties

'Reckless' letting agent fined over illegally rented properties

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A firm has been handed a £14,000 fine for renting out a dangerously unsafe house to vulnerable tenants.

Fur flies as social media vilifies landlord over cat sitting request

Fur flies as social media vilifies landlord over cat sitting request

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A landlord has been lambasted for offering a room to rent with the condition that the tenant must look after two cats.

Letting agents report landlords quitting 'in droves' ahead of reforms

Letting agents report landlords quitting 'in droves' ahead of reforms

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Letting agents across the UK have expressed fears about landlords quitting in their droves ahead of the Renters’ Rights Act.

CLAIM: 'Insurance is only way to solve the pets-in-lets problem'

CLAIM: 'Insurance is only way to solve the pets-in-lets problem'

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A pet campaigner has warned that it will be a travesty if the government fails to overturn a House of Lords decision to reject plans for pet insurance

Landlord warns new red tape will reduce rental supply

Landlord warns new red tape will reduce rental supply

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Landlords in Guernsey have warned that new minimum standards brought in this week to make rental homes safer will spark a PRS exodus.

Adding value to your property is the key to investment success 

Adding value to your property is the key to investment success 

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One tried and trusted way to maximise profit is to buy undervalued property, you can then compound the gain by adding value

REPORT: Landlord exodus already impacting market

REPORT: Landlord exodus already impacting market

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News
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Scores of landlords leaving the sector are exacerbating a significant lack of rental properties

Former housing watchdog chief says build-to-rent 'the future'

Former housing watchdog chief says build-to-rent 'the future'

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Long-standing MP Clive Betts is banging the drum for build-to-rent (BTR) through a taskforce that aims to boost the number of properties in the sector

Council leader says HMOs 'change the character of neighbourhoods'

Council leader says HMOs 'change the character of neighbourhoods'

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Warrington leader makes comments as council launches plan to rein-in HMO numbers within town.

Solicitor highlights 'holes' in Labour's renting reforms

Solicitor highlights 'holes' in Labour's renting reforms

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Bethen Abraham highlights two areas of the Renters' Rights Bill that have yet to be clarified by Ministers.

Student landlords STILL being forgotten by Labour - expert

Student landlords STILL being forgotten by Labour - expert

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Paddy Jackman says sector's needs 'falling between' cracks as Government pushes ahead with renting reforms.

Judge highlights  unregulated eviction 'solicitors' problem

Judge highlights  unregulated eviction 'solicitors' problem

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Court case highlights ongoing problem of legal firms that claim to be 'authorised' to help landlords evict tenants when they are not.