logo

Category

Landlords

Client Money Protection Schemes — What Can You Expect from a Letting Agent?

When you’re selecting a letting agent to manage your rental properties, it’s vital to pick the right one. There are plenty of good agencies around, but unfortunately not every agency meets the minimum standards. Picking the wrong one could leave you in financial trouble. No doubt you have a list of questions for any prospective letting agency, but does this include whether they’re a member of a client money protectio
Read More

Commercial Rent Arrears — Six Months’ Moratorium

During the Covid lockdown, many businesses unable to trade or use their premises fell into arrears with their commercial rent. Although businesses are generally up and running again, many have found difficulties in catching up with these arrears. This has obviously also impacted on landlords’ finances, but the government’s Commercial Rent (Coronavirus) Act 2022, which came into force on 24th March, has se
Read More

Right to Rent Checks — Covid Arrangements Continue till August

One of the more onerous duties imposed on landlords in the past few years has been the obligation to carry out Right to Rent checks on their tenants. Since March last year, the requirements have been adjusted to allow for lockdown rules, but what will the future bring? What Are Right to Rent Checks? The Immigration Act 2016 made it a criminal offence to rent a home or part of a home to anyone whose immigration status
Read More

If You Have Great Tenants, You Want to Keep Them — Here’s How

The perfect balance for any landlord is to ensure a regular, unbroken income from your property with a minimum of effort and hassle. And the best way of ensuring that is to keep any good tenants you already have. The obvious advantage of keeping a good tenant is that you won’t have gaps in the rent coming in, but there are other benefits. If the tenancy isn’t constantly changing, you’ll be spending
Read More

The Moratorium Ends — The Start of Back to Normal for Landlords?

Early in the pandemic, the government brought in a moratorium on evictions for rent arrears. While this was good news for tenants struggling to pay, often through no fault of their own, it’s been a nightmare for some landlords, who have been unable to do anything about lack of rent. From 1st June, however, the moratorium no longer applies — but is this really back to normal for landlords? The History of the Mor
Read More

Property Inventories — Not Just Lists

A landlord has a lot to do at the start of a tenancy, and it can be tempting to treat the inventory as just one more tick in a box. If you’re lucky enough to have a model tenant, that might be enough — but any problem during the tenancy can make a full and detailed inventory crucial. And that can include the need for photo and video evidence. Why Are Photos and Videos Necessary for an Inventory? If a dispute sh
Read More

One in Five Renters Finding It Difficult to Meet Their Housing Costs

A Government report released in April shows a stark picture of how households are coping with their housing costs and savings in the pandemic. The problems apply to both the home-owning and rental sectors, but renters seem to have been hardest hit. The Second Wave Household Resilience Study After more than a year of the pandemic, the Government has published a study of how households are holding up in the wake of the
Read More

Government Recovery Loan Scheme Now Available

With lockdown being cautiously eased, many businesses are looking forward to reopening, especially those in the retail and hospitality sectors. However, many of these have been closed, or at least operating on a restricted basis, for the past thirteen months and will find reopening difficult. However, a new wave of government support for businesses started on 6th April, under the Recovery Loan Scheme (RLS). One Schem
Read More

Landlords — Avoid a £30,000 Fine by Keeping Up Electrical Safety Tests

If you’re a responsible landlord, you may well already carry out EICR (electrical installation condition report) checks regularly on all your properties. From 1st April, however, this will be a legal requirement, with fines up to £30,000 for failure to comply. What Is the EICR? An EICR is the document that an electrician issues after carrying out an inspection on the electrical equipment in a property. Dependin
Read More

Ban on Evictions Extended Again — but how Complete Is it?

On the 10th March, the Government announced that the current moratorium on evictions will be extended until 31st May, for both domestic and commercial tenancies. This is clearly good news both for people who rent their home and for struggling businesses, but not necessarily for equally struggling landlords. So, does this mean that no evictions can take place, regardless of the circumstances? The Extension of the Mora
Read More