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:</
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
The Newcastle headquartered firm Greggs has won an initial High Court ruling in a �150m Covid related case against the insurance company, Zurich. Greggs claim was over its business interruption insurance with Zurich in which the firm claims it is due monetary compensation fo
London mayor Sadiq Khan says families would save about �3,000 during the next two years if he was given the power to freeze rents in the capital. We are asking government to give us the powers to have rent controls,� he toldhttps://www.bbc.co.uk/iplayer/episode/m0
Chancellor Jeremy Hunt has announced that the government will reverse almost all the tax measures announced in its recent growth plan. While it will still go ahead with cutting stamp duty, a planned 1p cut to the basic rate of income tax will now be shelved indefinitely� wh
The Renters Reform Bill will be introduced during the current parliamentary session, the Secretary of State for Levelling Up, Housing and Communities has told MPs. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://uploads-ssl.webflow.c
This case highlights the dangers of responding to emails (phishing schemes) and social media appeals promising tax rebates and otherwise ways of receiving large pay outs in return for information. Four men were arrested in a coordinated operation across England by over 50 office
The new Chancellor and former Health Secretary Jeremy Hunt has been tasked with sorting out the Kwamiikaze mini budget introduced by his predecessor, who holds the dubious gong of having the 2nd shortest tenure in the job ever. Hunt, who has made two weak
Demand for shared rooms is at an all-time high, while supply has hit a nine-year low, according to flat share site SpareRoom. The shocking figures have also led to average monthly room rents reaching record highs and increasing across every UK region in Q3 2022; Scotland is up 2
AirBnb owners are switching to long term lettings following changes to Scotlands short-term lets laws, according to a leading property firm. In a reverse of the recent trend thats seen scores of landlords ditch tenancies for holiday lets, DJ Alexander says it has been appr
A tenant who discovered that his landlord had not licenced the HMO in which he lived is to pocket £5,000 after winning a rent repayment order (RRO) during a Tribunal hearing.
Budget fails buy-to-let landlords – tax reliefs slashed and housing crisis ignored, despite CGT cut and NI tweaks.
A landlord who was jailed for culpable homicide in 2008 has been refused permission to rent out flats in Glasgow, despite claiming he has taken ‘responsibility for his actions’ and moved on.
Letting agents have blamed poor Scottish government policies for the growing number of councils declaring ‘housing emergencies’.
Heat pump sales continue to be hampered by high costs, lown awareness and a lack of long-term financial support, the government’s spending watchdog has warned.
Vast majority of landlords have flatly rejected future widespread rent control across Scotland, in a new Holyrood survey.
A landlord has been ordered to pay £2,500 in fines, compensation and costs after he admitted harassing two of his tenants.
Momentum appears to be growing to torpedo the controversial legislation as evidence emerges that the Bill is ‘close to collapse’ in Parliament.
It used to be the case that renting was a temporary phase in a young persons life. It gave flexibility until their career settled down to a fixed employer and a fixed location. But todays property prices mitigate against this pattern. Many people are locked into renting fa
Generation Rent has urged the Welsh government to introduce an ombudsman for the PRS along with more grounds for rent repayment orders (RROs) in order to improve tenants’ lives.
The vast majority of landlords and letting agents view the Government’s plans to abolish Section 21 evictions as a mistake, a new report has revealed.
Jeremy Hunt’s recent Spring Budget hid a ‘steal tax’ on landlords seeking to sell properties after April 1st, it has been claimed.
Fears are growing that the government is going soft on its commitment to the Renters Reform Bill.
An increasing number of landlords and letting agents are falling foul of Right to Rent rules, with a big rise in fines handed out last year.
An HMO landlord and entrepreneur has secured £80,000 worth of funding on Dragons' Den for his thermostat business.
Haringey Council is launching a new additional HMO licensing scheme despite limited backing from landlords and tenants.
Rent-to-income ratios in the UK have reached unsustainable new highs, forcing renters to spend a third of their wages on rent.
Northumberland council has refused owners consent to convert their short-term holiday let cottages into permanent private residences.
Landlords in the South West are being encouraged to access technology that detects heat loss, draughts, damp and mould.
A rogue landlord firm which illegally converted a property into six flats and ignored an enforcement order has been ordered to pay more than £220,000.
Hackney Council has promised landlords financial support to stay in the PRS while beefing up licensing and getting tough on short-term lets.
Record numbers of landlords pursuing training, says NRLA—upskilling on the rise.
Abolishing Multiple Dwellings Relief will intensify problems of chronic undersupply in the property market, according to one tax expert.
Landlords who are preparing a property to let or waiting to find a tenant will get a reprieve from empty homes council tax premiums.
