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Hello All, Last week, I carried out a general check up/inspection/'how's it going?' visit at the same time as a periodic electrical inspection. This was arranged with the tenant by text/phone. It was surreal. I have never been in this position before. The tenant, (a couple and their two small children), were not there. Neither was their furniture, coats, children's toys, but his sister was along with her furniture. I have to assume it is his sister and there is no information o

We have had our tenant in our property for 2 years on an initial 24 month tenancy, for which, we of course paid agents fees of 6%. Now we have come up to renewal time and naively I did not realise we are liable for fee's for another 2 years still. 4% for 12 months and then 2% the following year should the tenants stay in! They also want to charge £150 fee to draw up the new tenancy although I have now convinced them to drop that charge. It's my fault for not properly understandin

The Government's proposal is for the vast majority of new houses to be freehold with ground rents for new leases capped at £10. Housing Minister, James Brokenshire, said: "Unfair ground rents can turn a homeowner’s dream into a nightmare by hitting them in the back pocket, and making their property harder to sell. That’s why I’m taking concrete action to protect homeowners and end those unscrupulous leasehold practices that can cost tenants hundreds of pounds. “This ca

My wife and I jointly own the freehold of a building and I own the four individual leasehold flats contained in this building (as, I hope I am right in saying you are not allowed to own both the freehold and the leasehold of the same building) If we want to sell one of the leasehold flats can we use both of our CGT allowances against the capital gain? We run this jointly as a business and we both share the income, the only reason both names are not on the leasehold is for the r

I have a rental flat, the rented flat above has had a leak from their bathroom into the ceiling of our flat for at least two years. Due to the construction of the ceiling the true extent of the issue has not been obvious until now...

The Government today launched a £20m scheme to be launched through Local authorities to alleviate the Homeless crisis. This scheme depends on and indeed needs the support of the PRS to work. Click here to view –...

One BHM is a new buy to let in Birmingham city centre, occupying a much-coveted B1 post code. It is a collection of 165 one, two, and three-bedroom apartments based in Birmingham’s city centre. The location is ideal for young professionals wanting a convenient commute to work and is also close to several attractions such as Brindley Place (a popular eating and drinking destination)...

Queens House is a new residential development in central Sheffield comprising of 99 luxury studio, one, and two-bedroom apartments. From a leisure perspective it is close to many amenities, including a shopping centre, the O2 Academy, Odeon cinema and many fashionable bars and quirky cafes....