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Letting

Transfering a tenants deposit when a property has been sold

Transfering a tenants deposit when a property has been sold

09/04/2014

What is the protocol for transferring a tenants deposit? The tenant has lived in the property for a couple of years through an agent. The deposit is protected in one of the three schemes.  The property was recently sold to a new investor landlord who is happy for the tenant to stay and is waiting… Read more

Minimising risks by maximising returns

Minimising risks by maximising returns

03/03/2014

Whether you’re new to investing in property or a seasoned investor, you will no doubt be keen to minimise the risk of your investment whilst maximising the return, and it may appear that striking the balance between the two is the key to success in the field of property investment. When I speak to investors… Read more

DCLG

DCLG review of property conditions in the PRS

13/02/2014

This Department for Communities and Local Government DCLG discussion document considers what more can be done and how best to tackle rogue landlords, without negatively impacting on the good ones. This is the first stage of the review and comments are invited before the 21st March. Please note these are not policy or legal changes… Read more

Letting Agent won't release rent

Letting Agent won’t release rent (6 months paid in advance)

07/11/2013

My tenants have paid 6 month rent in advance ( as they did in the previous 6 months with no problems) due to them being students. The Letting Agent is dragging its feet and will not release the 6 months rent to my bank account stating the tenants have to sign a form allowing this… Read more

Subletting Scams - why landlords are afraid to report them

Subletting Scams – why landlords are afraid to report them

23/09/2013

Many landlords are fearful to seek help from their local authorities in terms of dealing with subletting scams. Just imagine this, you’ve jst let your nice little three bed house to Mr & Mrs Lovely and their two perfect children, only to find out that 10 of their family have also moved in. How would… Read more

Ian Potter of ARLA

Reluctant landlords begin slow exit from private rented sector

20/09/2013

Latest ARLA research also shows regional variation in tenant demand. The number of reluctant landlords in the private rented sector (PRS) is falling*, according to research from the Association of Residential Letting Agents (ARLA). Over the past three months, ARLA member offices have reported a decrease from 26% to 21% in the proportion of rental… Read more

Let to Rent and Rent to Rent Tips

Rent to Rent Tips, Advice and Case Study

19/09/2013

I’ve spotted yet another educational course based on the Rent to Rent concept this morning, this one is called “Let to Rent”. I have no idea whether the course is a good one or not, however, given that the topic of Rent to Rent is so popular I have produced this guide to share answers to… Read more

TPO_generic logo

Letting Fees MUST be disclosed in advertising as of Nov 1st 2013

10/09/2013

Many of you will be aware of a ruling made by the Advertising Standards Authority (ASA) in March this year following a tenant complaint concerning letting fees. This meant that changes had to be made to the way letting agents and private landlords advertise, and as a regulator, the ASA has the power to enforce… Read more

Key Property fined £74k for damp and unlicenced HMO

Key Property (UK) Ltd fined £47k for damp unlicensed HMO

A letting agent who rented out a damp, dangerous and dilapidated property received a hefty fine following a successful council prosecution.  Key Property (UK) Ltd of 47 Bell Road, Hounslow, who trade under the name Key Solutions and Key Lettings, were fined £42,500, on top of costs and compensation worth £5,040, at Feltham Magistrates Court after being… Read more

Lettings package exclusively for Scottish Landlords

Letting agent regulation for Scotland – Scottish Government plans announced

06/09/2013

Scotland’s newly formed Council of Letting Agents (CLA) steering group met for the first time yesterday.  The members of the group have been selected to represent Scottish Association of Landlords (SAL) letting agent members’ views. These members are tasked with working up the plans for this new letting agent division of the Scottish Association of… Read more

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