Page 366 – Property118

Exempt accommodation providers – who are their agents?

19th July 2022

Has anyone released their property to or entered into short-term lease arrangements with a managing agent who then goes on to organise the accommodation and support services for Exempt providers in the Birmingham area? Are you an Agent that provides properties for this purpose? I am keen to determine if the same Agents also take […]

Claims history declaration on rent guarantee insurance?

19th July 2022

Hi, Could I please ask for a specialist opinion? I have had a claim made on my Rent Guarantee Insurance. When I am now quoting for my Landlord Insurance (building only) I am asked about claims in the last 5 years. Different websites formulate the question in different ways. Mostly, it sounds as: “Have any […]

A laptop showing stacked coins

Charging an extra week’s rent to buy deposit insurance?

19th July 2022

Hi everyone, A friend of mine who owns a small portfolio of let houses like me has asked me if I know anything about Reposit. As far as I can glean, this company instead of taking a deposit charges an extra week’s rent which is used to buy an insurance policy. Have any readers had […]

Common parts fire risk?

18th July 2022

Hi, I have several flats in conversions in two-storey buildings. Yes converted pre 1991 Building Act. On viewing properties to buy I notice several now have a wired fire alarm and emergency lighting to the common parts. However, in my opinion, as an experienced architect and chartered surveyor (retired) where the staircases/escape routes are very […]

Window opening onto a neighbour’s shared courtyard?

18th July 2022

We rent a recently refurbished a terraced cottage with upstairs windows at the back of the property opening outwards onto a neighbour’s shared courtyard. The neighbour who shares the courtyard with others has requested we either replace our windows with sash-opening windows or request our tenant keep the windows closed to prevent the windows from […]

The Platinum standard for the future of HMOs

18th July 2022

When I tell people I’m the managing director of a property investment franchise specialising in HMOs, I’m often met with scepticism. Scummy, rogue landlords profiteering off younger generations, robbing them of an opportunity to buy their own home. Landlords are bad, greedy people, tenants are anti-social, destructive and will never pay… or at least that’s […]

Absent Owner and Nonpayment of Management Fees?

18th July 2022

The owner of a flat in a development where I also own a property has not paid any fees or ground rent for at least four years and current arrears are approaching £5000. I understand the flat, which was inherited by the current owner at that time, is in a poor state of repair and […]

Construction Industry Scheme – CIS don’t get caught out

18th July 2022

The Construction Industry Scheme, or CIS for short, is an HMRC scheme to prevent the loss of tax receipts from contractors, and sub-contractors that didn’t always file or completely fill out tax returns. It covers a wide range of activities and in simple terms, the contractor withholds the tax as they pay sub-contractors and account […]

Managing a mini HMO?

18th July 2022

I recently exchanged and completed on a mini 3-bed HMO with 3 sitting tenants in situ on 3 different ASTs. There is a management company in place who have been managing the mini HMO under a selective licensing scheme. I am now required to apply for an additional HMO license in the next 30 days. […]

10 Top Tips To Succeed In Property In A Changing Property Market

16th July 2022

The Property Market is changing, hence I’ve put together 10 top tips to succeed In property over the coming years. Each tip comes with its own associated video from our back catalogue for you to enjoy. All links can be found below. 00:00 | Ten Tips Videos – https://youtube.com/playlist?list=PL2… : 02:12  The BRRRR Strategy – […]

iHowz Publish their Response to White Paper

15th July 2022

iHowz landlord association have published their response to the Government’s White Paper “A Fairer Private Rented Sector” They have sent their response to the new Minister, Greg Clarke, and have also sent it to other landlord associations, in an effort to identify any additional issues and present a united front when MPs return to the […]

Next incumbent of No.10 needs to address the PRS supply crisis

15th July 2022

The next Prime Minister must address the supply crisis in the private rented sector if homeownership ambitions are to become a reality. That is the warning from the NRLA as new survey data shows that the supply of homes to rent is likely to keep falling over the next year. According to this research, by […]

RICS predicting rents will continue to rise in the coming three months

14th July 2022

The latest RICS Residential Market Survey indicates rents are forecast to rise in the lettings market, due to the continued imbalance between supply and demand. This month +36% of agents reported an increase in tenant demand and -11% saw a fall in the number of new landlord instructions. This is resulting in +52% of respondents […]

Local Authority insisting on trivial repairs?

14th July 2022

Hi Folks, Recently had a tenant run to environmental health after I told her I’m not willing to re-house her or lower the rent. Anyway, met the officer down there yesterday (after 3 days notice) to go through the place with the tenant to find that very little needs doing, as I suspected. Anyway, opened […]

How can the police decide it’s not criminal?

14th July 2022

Hello everyone, I have had a story of one of my trashed properties make it into the Salisbury Journal >>  https://www.salisburyjournal.co.uk/news/20273464.wiltshire-landlord-pays-30k-repairing-destroyed-house/ “A Wiltshire landlord paid out £30k in repairs following fears her nightmare tenant would “blow up the house”. “Kathy has been a landlord for more than 30 years, but says the tenant she dealt […]

Capital gains tax on rented property that was 50/50 but now 99/1?

14th July 2022

I have just sold a rental property and am slightly unsure regarding capital gains tax. We made a profit of £77,000. The property was originally bought in joint names 50/50 basis with my husband, but we changed a few years ago as he is now disabled so I owed 99% and he owns 1%. Does […]

Six agents excluded

14th July 2022

Between April and June 2022 (inclusive), six agents were excluded from The Property Ombudsman (TPO) for failing to pay a compensatory award. The excluded agents include: Kingdom Property Services Ltd, a sales and lettings agent in Slough, Berkshire. TPO found that Kingdom Property Services failed to transfer over rent (£1,726.99) to the landlord. The tenant […]

Abandoned car – can I remove it?

14th July 2022

My evicted tenant remains non-communicative and I’m just glad to have the empty property back. The neighbours now tell me a car in the communal private parking area belongs to the tenant. It has not moved for months and the keys are hanging up in the flat. My letting agent wrote to the tenant and […]

The relevant parties that own the missing head lease are deceased?

14th July 2022

My partner is the executor, of his parent’s house. In his mum’s will, it is to be sold and divided between him and his 2 brothers. Just when everything was going, the land registry refused, due to the missing head lease. However, we gave every bit of information we had in his mother’s name when […]

My first time?

14th July 2022

Hi everyone, After 15 years of being a landlord and housing over 20 tenants I have my first non-payer! I have always built good trusting relationships with my tenants and always rent on an all-inclusive basis with no bills etc. This one tenant after all this time has lied, tricked and deceived over last year […]