LandlordZONE Weekly Update - Section 21 Controversy...

 

Evictions report "misleading and distorted" claims RLA

  Evictions report

A row has erupted over figures produced by a Joseph Rowntree Foundation report, claiming that landlords are evicting tenants without good reason.

Writing in The Guardian Newspaper, Dan Wilson Craw, Director of Generation Rent, blames the "no fault" Section 21 eviction process for a rise in tenant evictions:

"Unfortunately, there is no official explanation for…

 
 

Excessive leasehold charges on new-build homes to be banned…

  Excessive leasehold charges on new-build homes to be banned…

Problems with Long-leasehold:

The Conservatives have said that they have plans to ban the "feudal" practice of builders selling houses on long leases with excessive charges.

Leasehold is a form of time limited ownership which gives the freeholder the right to charge an annual ground rent. Whereas leasehold is a necessary provision in the case…

 
 

Can I Keep a Holding Deposit?

  Can I Keep a Holding Deposit?

Holding or Pre-Contract Deposits:

I thought it would be a good time to review the situation with Holding Deposits as they are in the news currently, about limiting the amount of the deposit a landlord or agent can take when a tenant puts down this payment to "hold" the tenancy, while the usual verification checks…

 
 

HMRC brings in £29 billion by cracking down on evaders

  HMRC brings in £29 billion by cracking down on evaders

Tax Revenue:

The latest HMRC Annual Report and Accounts for 2016-17 shows that HMRC brought in an additional £29 billion by cracking down on a minority of individuals and businesses who try to avoid paying the tax they owe.

Jon Thompson, Chief Executive and Permanent Secretary, HMRC, said:

In the last year, we have generated…

 
 

Minimum EPC Rating for Rental Properties after 2018

  Minimum EPC Rating for Rental Properties after 2018

Following some confusion and debate about a deferral for the new standards following the MEES* deadline in April 2018, the new government has confirmed that changes to the EPC rules, preventing landlords from renting out homes below rating E, will definitely be introduced from April 2018.

According to a recent communication the Residential Landlords Association…

 
 

Why should I check potential tenants?

  Why should I check potential tenants?

Tenant Checks:

More and more landlords are realising the importance of doing thorough tenant checks. Relying on "gut feel" and trusting in your own judgement is outdated and quite frankly in this modern age, with fraud and serial bad tenants around, quite risky.

Experienced landlords know that you cannot rely on trust anymore, a sceptical…

 
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