Long Term AST - My prospective tenant has asked for a tenancy term of 6 years. Can I use the usual Assured Shorthold Tenancy agreement for this?</h2> The Assured Shorthold Tenancy is the default tenancy for residential lettings and since October 2010 this applies to rents up to �100,000
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
A new law to crack down on predatory landlords who exploit vulnerable people for sex in return for free or discounted rent is being considered, Home Secretary Suella Braverman (main picture) has announced. Her department is seeking the views of victims, the police and charities
There are heavy fines for those landlords who fail to have their rental properties tested by a qualified electrician before letting, and for existing tenancies, or if they fail to comply with any of the important recommendations made in a test report. The landlord will ordinarily have 28 da
Tribunal judge warns landlords to include licensing update clauses in agency contracts to avoid fines for non-compliance with licensing requirements.
The number of VAT and/or PAYE enterprises operating in the UKs residential and commercial rental sectors climbed 2% in the past year, despite the governments best efforts to deter investment. Analysis of government data by debt advisory firm https://siriusfinance.
Luton Council is making yet another attempt to bring in two new licensing schemes after a string of false starts amid landlord opposition. Its overview and scrutiny board has agreed to recommend a town-wide additional scheme as well as a selective scheme in South ward, which now
Durham citys parish council has taken the unusual step of asking student landlords to make a voluntary donation towards the cost of cleaning up street waste and discarded furniture. It will ask for a contribution of �52 towards its precept from student landlords to match the
Two-thirds of private landlords might sell up if they are forced to make EPC upgrades, new research finds. The Mortgage Advice Bureau says 59% would consider selling their property due to not being able to afford the changes needed to meet the minimum level. With an
NRLA boss Ben Beadle has urged the government to learn from the awful implementation� of Renting Homes Wales which he labelled a car crash of epic proportions�. Speaking on The Guild of Property Professionalshttps://podcasters.spotify.com/pod/show/guildprop
The Mayor of London has accused private landlords across the UK of taking rent worth �9 billion for homes that are non decent, �1.6 billion of which is paid for via housing benefit. The figure is highlighted as, this morning, Sadiq Khan reveals his PRS research generated
The Renters Reform Bill will be a failure in its current form unless ministers urgently table amendments that better protect renters, a tenant group has warned.
A crowd of angry residents have clashed with councillors during a protest against burgeoning HMOs within the London borough of Ealing.
Tenants living in Liverpool footballer Cody Gakpo’s flats have complained of disrepair, structural problems and vermin infestations.
The final list of amendments to the Renters (Reform) Bill has been published by parliament ahead of tomorrow’s third reading of the legislation, during which each will be discussed and voted on.
Survey reveals 80% of landlords proactively maintain properties to prevent issues, with spring deemed ideal for property health checks.
It’s a mixed bag for landlords at the moment, with previous uncertainties around EPC regulations and the stress of mortgage repayments
Student landlords have won some concessions on evictions within a government amendment to the Renters Reform Bill.
The Scottish government wants landlords’ views on its new Housing Bill, which focuses on rent control and tenants’ rights.
A leading landlord has warned that Labour’s radical plans for the private rental sector are deeply worrying and could easily lead to a wholesale exit from the sector.
A landlady in London faces prison unless she pays a Proceeds of Crime Act Confiscation Order totalling £51,983.
Leaseholders who pay ground rents are to have their levy capped at a maximum amount of £250 as Gove is forced to water down his radical proposals
An appeal court judge has granted 134 property investors leave to contest a single ‘class action’ claim against a solicitor which is alleged to have provided negligent professional advice on an investment scheme.
In this post, Tom Entwistle sets out the principles that he has used over his successful 50-year landlording career.
Landlords travelling by London Underground might be shocked to find themselves as the butt of a joke used to sell coffee.
Landlords are to face one of the most significant changes to how they rent out properties in their lifetimes once the Renters (Reform) Bill becomes law.
Landlords hoping that theGovernment’s renting reforms might be kicked into the long grass will be disappointed today after it was revealed that The Renters (Reform) Bill will move to itsnext stage in parliament Wednesday 24th April.
Sadiq Khan has promised he will be on the side of renters rather than “dodgy landlords” and has repeated his desire to introduce rent controls in the capital if he wins a record third term.
Benefits landlord Mick Roberts has accused Nottingham Council of hypocrisy after it was revealed the authority hasn’t fully checked its housing stock for eight years, while private landlords must inspect their properties every six months.
A group of MPs have lodged an Early Day Motion calling for rent controls in the PRS to stem the threefold increase in rents during the last 34 years.
Newcastle Council has revealed plans for an unusual selective licensing scheme that includes building-specific zones.
It's frustrating when the landlord-tenant relationship has to end with a dispute over damages in the property, with a need for deep cleaning, or rent owing, but the deposit is there for these reasons.
Rent-to-rent operators will try to avoid the changes set out in the Renters (Reform) Bill by not using ASTs, a leading property industry body has warned.
The rate at which rents have been rising has increased across the UK to record levels, official figures reveal today.
A group representing letting agents has slammed the chaotic growth of the private rented sector in recent years, calling for radical changes to solve the rental housing crisis this has created.
All Jersey’s landlords will need a licence from the beginning of next month after the Island’s government launched a scheme to improve standards in the PRS.
