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 - 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 - 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
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:</
The Governments Renters Reform Bill is unlikely to make progress through parliament until much later this year, housing minister Rachel Maclean has admitted. Maclean was unable to confirm when the bill would get a second reading during a Q&A with MPs from the Levelling Up
A team of independent fact checkers and campaigners has debunked Labours claims that most renters live in homes bought with a buy-to-let mortgage. Deputy leader Angela Rayner made the assertion last week, but charity Full Fact says the claim is technically incorrect, as it ho
A letting agency-owning landlord has been fined more than £17,000 for renting out one small room in an HMO to a family of five. Ruhul Shamsuddin and his company Lordsons Estates were found guilty of 23 housing offences relating to a
The Bank of England has warned that landlords with mortgages are under increasing strain from higher interest payments and other structural factors, all of which are likely to put pressure on their incomes�. The commentary is within the banks latest https:
Landlords arrears are growing at a faster rate than homeowners, according to new research that suggests fewer investors are being shielded from economic headwinds. https://www.octanecapital.co.uk/" Octane Capital found that buy-to-let arrears of more tha
Five tenants have shared a whopping �29,000 Rent Repayment Order after their landlord failed to licence its HMO. East London-based https://www.facebook.com/weletroomsuk/" We Let Rooms Ltd did not defend itself at a First Tier Property T
Corporate student housing giant expands as private HMO landlords exit, amid growing demand for purpose-built student accommodation (PBSA).
Landlord leader Ben Beadle has given Shelter a run for its money during a parliamentary committee evidence session on the Renters (Reform) Bill. Beadle, who is chief executive of the National Residential Landlords Association, wondered out loud during the meeting whether campaig
Changes in tax rules for buy-to-let landlords have definitely made the business of letting property more challenging, particularly with those who have taken on big mortgages to buy their rental properties. The removal of mortgage interest relief (Section 24 of the Finance Act) a
More landlords are working together with tenants to commit fraud while running illegal cannabis farms, according to one property lawyer.
A furious landlord has criticised Keir Starmer for claiming landlords are ripping off tenants and making a fortune from huge deposits.
It’s time to cut to the chase. We’ve all been thinking it: is property becoming more hassle than it’s worth? If you’re questioning your property portfolios, you’re not alone.
All eyes are on Scotland where a scheme to regulate the holiday lets sector has caused a storm after the new licences, which cost between £260 and £520 per property, were introduced.
A despairing landlord has resorted to protesting on his roof after failing to evict a rogue tenant for the last 25 years.
The Conservatives’ anti-landlord policies have failed to win much favour among tenants who are most likely to vote Labour in the general election, it has been revealed.
A council in London has taken the unusual step of banning a woman from renting homes in the private sector for three years after she illegally sub-let a property in a case that is one of the worst LandlordZONE has ever reported on.
A housing safety law expert has called for Southwark Council to be hit with a multi-million pound fine after it failed to carry out required electrical safety tests at its properties.
All the major political parties have now released their manifestos ahead of the July general election. Here James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, looks at what they are promising when it comes to PRS property standards and compliance.
A rogue landlord who was fined £34,640 for having eight unlicensed HMOs has failed in an attempt to have his conviction overturned.
Labour party figures’ desire to end tenant bidding wars is unworkable in practice, while unenforced legislation would not lead to any real improvement, according to a top property lawyer.
A legal expert has warned that an amendment to the recently-passed Leasehold and Freehold Reform Act that raises the 25% non-residential limit in collective enfranchisement claims to 50% will have serious consequences for mixed-use developments.
The NRLA is to drop the word ‘landlord’ from its strapline in a bid to change public attitudes of those who rent out and manage properties.
Guarantors in rental agreements provide financial security for landlords. Understand their role, responsibilities, and tips for both parties.
The Labour party has clarified that although it will seek to stop agents and landlords encouraging bidding wars, tenants will be allowed to make ‘voluntary’ higher offers above the original rental asking price.
The NRLA has backed Labour’s proposal to stop landlords and letting agents enabling ‘bidding wars’ by requiring them to advertise a proposed rent based on market rates, with bids above that figure prohibited.
Four tenants will share a £21,515 rent repayment order after they took their landlord to court for repeatedly failing to licence his HMO.
A landlord has been ordered to pay two former tenants £2,252 after a judge ruled that his letting agent agreement contravened the Tenant Fees Act.
Private renters want the next government to control the pace of rent rises, build more homes and increase their rights and protections.
Labour’s deputy leader Angela Rayner has admitted her promise to ban Section 21 ‘no fault’ evictions immediately after a General Election win isn’t quite what it seems.
More than half of landlords have reported having lost some rental income due to their tenants struggling to afford the rent
A leading Scots letting agent has warned that unless the Scottish government amends its rent control plans to allow for future increases, the level of investment in the country’s PRS will continue to slide.
A rogue landlord has been ordered to pay more than £23,000 after letting out a dilapidated and dangerous house to a family in Camber.
Labour could introduce rent controls via the back door by devolving power to regional and city mayors, a property expert warns.
Two of the UK’s biggest trade organisation representing the private rental sector have revealed their concerns over the big political parties’ electoral promises to crack down against landlords.
