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private rentals

When Is a Penalty not a Penalty? — Are You Offside when Claiming Interest?

When you’re signing a commercial contract with a partner, you may find it includes a penalty clause. Or possibly you’ve included one in a contract you’ve drawn up. This is, in essence, a clause which states that a specific sum is payable in the event of a specific failure, such as late delivery of materials or services, or late payment of an invoice. Liquidated and Unliquidated Damages Penalty clauses have a contenti
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Winter had a sting in the tail, but did your business get through it unscathed?

The end of the tax year is in sight, and it’s a time when many businesses suddenly find unpaid invoices making a hole in their profits. Hopefully you’re on top of your finances, but do get in touch with SJ Collections if you need any help chasing up debts. 2018 seems to be throwing up more challenges than usual for SMEs, from the government’s overhaul of the Corporate Governance Code to an unprecedented level of cybe
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How Can Businesses and People Take Responsibility for Their Actions — and Do You?

The Oxford English Dictionary defines responsibility as “The state or fact of having a duty to deal with something or the state or fact of being accountable or to blame for something”, and action as “The fact or process of doing something, typically to achieve an aim, or to act or do something official or concerted to achieve an aim or deal with a problem”. The question is, how can we take responsibility for our acti
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Fraudsters Are Running Rings Round Right to Let

As I reported in the spring, the government has introduced tougher measures against landlords who fail to meet their regulations. One of the most controversial of these is the Right to Rent rules, obliging a landlord to make sure all tenants are in the country legally. This has created a whole extra layer of bureaucracy for landlords and letting agents. The BBC has revealed, though, that fraudsters are making their p
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New Technology to Make Rent Collection Easier

Most landlords are familiar with “that” tenant — the one they’re constantly having to chase up for overdue rent. Recent research suggests that 68% of landlords have experienced problems with rent arrears and late payments, but a new application could make it harder for tenants to miss payments, while at the same time rewarding the more conscientious among them. Late Payments Many tenants will once or twice in their t
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New Restrictions on Buy-to-Let Borrowing

A well-planned buy-to-let can be an excellent business model, but a badly prepared one can end in disaster. One of the biggest dangers is taking on a mortgage you can’t cope with, leading to debt, default and the loss of all your assets. From the 30th September, though, the Bank of England’s Prudential Regulatory Authority arm will be cracking down on buy-to-let mortgages to make sure borrowers don’t overreach themse
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Tenancy Deposits — Make Sure You Don’t Get Caught Out

Since 2007, residential landlords failing to register a deposit taken from the tenant can be fined. Perhaps more seriously, though, they can have problems recovering possession of the property. Here are some of the main points. The Landlord’s Obligations Under section 213 of the Housing Act 2004, when a residential tenant pays a deposit for an Assured Shorthold Tenancy, the landlord has thirty days to register it wit
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How to evict a Tenant

    As a landlord, you have the right to evict tenants from your properties. However, there are many rules and regulations you must follow to ensure you do this lawfully. For example, you can’t just knock on a tenant’s door and demand they leave the premises right there and then. There’s a whole systematic process that needs to be followed before an eviction can legally occur and the easiest way is to
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Rogue landlords in London are now going to be named

Rogue landlords in London are now going to be named and shamed online. A recent survey showed that 60% of renters in London live in properties with serious issues that landlords have a legal obligation to address. As part of a push to deal with this, the Mayor is launching an online list of residential landlords who have been convicted of illegal practices This shouldn’t worry conscientious landlords. In fact, it cou
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Naming and Shaming London’s Rogue Landlords

The house has put the initiative in the rental market firmly in the hands of landlords, and while many act responsibly, there are enough exceptions to create a problem. A recent survey revealed that 60% of London’s private renters suffer from leaks, inadequate heating or infestations, with little choice but to put up with it. However, London is now set to take a leaf out of New York’s book and start naming and shamin
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