With 40% of young people unable to afford to buy a home, the housing market is in crisis. Chancellor Philip Hammond may have to come up with a few innovative ideas to solve the affordability problem. One such solution would involve offering landlords tax breaks if they sell their properties to sitting tenants. Could this […]
There have been calls by some experts for the introduction of a property MOT, to be carried out once a year by landlords. The theory is that this would deter rogue landlords and provide extra peace of mind to tenants.
Rogue landlords often try and squeeze as many tenants as they can into one property. The more tenants they have, the more rental income they earn. Usually, safety is not a priority, so living conditions can run the gamut from cramped to downright dangerous.
From next month, eviction rules are changing. Landlords with older tenancies – predating October 2015 – will have to abide by Section 21 if they want to evict a tenant. Currently, Section 21 only applies to tenancies that began after October 2015.
Increasing government pressure on the sector is pushing many landlords to sell up and quit. As the number of buy to let properties decreases, demand for rental housing increases and rents go up. The economics of this are stark. Fewer available properties mean higher rents, which has a knock-on impact on tenants. Now, the figures […]
A property management firm boss has had charges against him quashed thanks to the landlord software he used to run his business. The landlord had been ordered to pay more than £20k in fines and costs relating to nine HMO offences. He appealed against the ruling and when his case was examined by appeal court […]
New HMO rules come into effect on 1 October and landlords are being warned to pay close attention, to ensure they don’t fall foul of the regulations. Landlords who fail to comply with the new rules could end up paying a hefty fine to the tune of £30k. They could also be prosecuted.
Research carried out by Safe Deposits Scotland has found that 55.8% of tenants have no idea that they can challenge deductions made from their deposit by a landlord. The study also found that 36.4% don’t know how to claim their deposit back, which is a bit worrying.
Landlords are increasingly using a variety of tools at their disposal to check up on potential tenants before they offer them a tenancy agreement. A study by a leading home loans company has found that 11% of landlords use Facebook to screen would-be tenants before they let them move in.
Nottingham landlords with HMOs are facing rising costs. The price of a landlord licence for properties with more than four tenants in occupation is set to rise by £420. Landlords who are ‘less compliant’ will have to pay even more.
Some landlords are offering free accommodation in return for ‘sexual favours’. A recent BBC investigation found some landlords were advertising for tenants to provide sexual services in return for free rent.
Landlords are required to place a tenant’s deposit in a deposit protection scheme for the duration of a tenancy. When the tenant leaves, the deposit is handed back, but if there are any issues, a landlord can withhold some or all of the money. The Deposit Protection Scheme (DPS), a government-backed service, has revealed the […]
Changes to the Tenant Fees Bill, which has just passed through Parliament, mean that landlords can no longer charge indiscriminate fees for spurious reasons. New plans revealed by the government a few days ago mean landlords will now have to provide evidence before they can charge tenants reasonable costs for repairing or replacing items.
This week we’re looking at all things landlord / tenant fees. From holding fees, deposit fees and end of tenancy fees, we’ll be covering everything you need to know about the different fees you’re able to charge your tenants, and the legislation that’s changing everything. You’ll be an expert by the end of this week! […]
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