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We recently had an EICR, which highlighted some C2 failures. It was difficult to arrange the EICR, and now proving even more difficult to agree on access with the tenant for the remedial work. Being fairly minor in nature, these are not major issues that will take a long time or cause great disruption. Meanwhile, the clock is ticking, halfway through now, to get all issues resolved within the 28 days of the original EICR. As we understand it, at that point as Landlord, we could be

We are in the process of negotiating a lease surrender with a retail tenant. They wish to split the value between a Reverse Lease Premium and Dilapidations. Is anybody able to suggest what the tax implications could be for us as Landlords if we were to opt for the value to be attributable as a Reverse Lease Premium or alternatively as Dilapidations? I suspect the Reverse Lease Premium could be defined as Revenue and therefore be taxable whereas Dilapidations is in lieu of costs

Dear All, I have a HMO and I have complied with all regulations including Smoke Alarms, Fire Doors, Fire Extinguishers etc and I have completed Fire Risk Assessment. Based on Fire Risk assessment all minor actions have been dealt with. Accordingly, I have EICR, Gas Safety, Floor Plans, EPC in place. In total, I have 4 Rooms and 2 Self Contained units. Currently, 2 of the rooms are vacant hence currently 2 rooms and 2 self-contained occupied. I was at the verge of applying for Lice

The latest summary of market health from Benham and Reeves, has revealed that the market stood firm in Q2 despite the broader turbulence of lockdown. Data from the top four house prices indices to give an overall view of market health based on buyer and seller expectations via mortgage and asking price data, as well as market performance where sold prices are concerned. The latest index shows that: - The average UK house price is currently £255,370, up 0.4% on the previous qua

Rishi Sunak has outlined additional government support to businesses and workers impacted by coronavirus with a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as the spread of the virus is tackled....

Responding to the Chancellor’s Winter Economy Plan, Chris Norris, Policy Director for the National Residential Landlords Association, said: “We welcome the Government’s measures to subsidise wages. We warned that the end of the furlough scheme ran the risk of many households facing further difficulties in paying their rents....

A self-made North East property entrepreneur has launched a new consultancy and podcast in a bid to help other would-be developers on the road to a property career. In estate agent Tony Fairs’ podcast Property Talk on the Tyne, he will share his own tips from inside the industry...

The latest research from Howsy, has revealed that since lockdown (March), average rent levels have dropped in seven out of 10 areas of England and Wales. Howsy looked at the average rent paid between the start of the year and lockdown and found that on average...