New Legislation for Rentals — What You Need to Know as a Landlord

If you’re a landlord, you’ll know how fast the rules have been changing recently. It’s not over — several new laws and regulations have either been passed recently or are being considered. So what do you need to know? The Tenants Fees Act 2019 This received the Royal Assent in February, and its provisions will be applied from the beginning of June. Under the Act, landlords will only be permitted to ask for certain pa
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Landlords — Are You Ready for the Tax Relief Changes?

If you’re a buy-to-let landlord renting out residential property, you should be aware that the rules for tax relief changed significantly on 6th April, but surveys suggest that very few landlords are. Since the changes will substantially reduce your profit, it’s vital to know what’s happening, and to take what action you can. What Are the Changes? Various types of tax relief have traditionally been available to indiv
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Bailiff powers when they visit your home What you can do when a bailiff visits

A bailiff (‘enforcement agent’) may visit your home if you don’t pay your debts, eg a Council Tax bill, parking fine, court fine, county court or family court judgment. This will happen if you ignore letters saying that bailiffs will be used. You might be arrested if you don’t pay criminal debts, eg fines or penalty notices. A bailiff may also visit your home for other reasons, eg to serve court documents or give not
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Ditched! End of an 800-year-old remedy for recovering commercial rent arrears

A change to the law has stopped commercial landlords using the 800-year-old ‘remedy of distress’ to collect rent arrears from business tenants. It’s all part of the changes to bring clarity to the entry rights of bailiffs as the collections industry becomes regulated. But pub property agents, for starters, believe the changes are not well understood, according to a report in the publican’s online newspaper, the Morni
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Rent arrears – tips for landlords who want to stay in business

Rent arrears are at their lowest since spring 2010, according to a survey by the National Landlords Association, with void periods in private residential property also falling. Last year nearly half of landlords said they had tenants in arrears but that figure had fallen by nine points to 41% in the most recent survey, published in March. Strong demand from tenants meant only a third of landlords said they had empty
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Landlords face big changes under Universal Credit

When 500 landlords were asked about their concerns for 2013, 96% told the National Landlords Association they feared problems with the introduction of Universal Credit. Iain Duncan Smith’s attempt to limit the social security bill began in parts of Greater Manchester and Cheshire from April. It will be rolled out across the rest of the country between October 2013 and October 2017. Under the new system, most benefits
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