Page 639 – Property118

Can I enforce safety checks on commercial tenant?

9th October 2017

We have one commercial lease (office building) wherein our tenants have denied their responsibility to carry out annual Gas Safe checks and Electrical Installation Condition checks. Do we have any recourse against them apart from invoking forfeiture of the lease for breach of covenants? Since these are statutory obligations, can we ask any regulated body […]

Landlords Portfolio Insurance

6th October 2017

I’m a landlord with 5 properties – 4 in joint ownership and 1 in Ltd co. I have been lazy recently and not really bothered to look at insurance renewals and just called up my broker on receiving a renewal letter, haggled a bit and gone with that price for ease. I usually end up […]

Son having difficulty getting credit with his name on a joint BTL

5th October 2017

My son has come up against a credit problem which, to be honest, has me and my accountant stumped. I have a number of buy to lets, and put his name on two of them never in a million years thinking I was going to create problems for him. He contributed nothing to these, and […]

Smoke Detector Requirements for 3 bedroom Flat

5th October 2017

I have a 3 bedroom Victorian purpose built (not a flat conversion) ground floor terrace flat which I let as a flatshare to 3 friends. I understand that makes it a non-regulated HMO. My estate agent says the property only requires battery operated smoke detectors. Reading various articles in the internet, I am confused as […]

Noisy neighbours have cost me a tenant

Obstructive neighbours stopping us from renting flat

5th October 2017

Revisiting the site after a while with an issue that is making the wife and I sick with stress. We have a flat which we rent. We evicted the last tenant who owed us several thousands in rent and court fees. We still have not been able to get the bond back after the eviction […]

Sabrina of Caridon Landlord Solutions £14724.33 overpayment victory

5th October 2017

Caridon Landlord Solutions expert team assist landlords with tenants on Housing Benefit and Universal Credit by proving ad hoc advice on various issues that the landlord may face during the tenancy cycle from tenancy set up to overpayment disputes and appeals. Most landlords at some point during the tenancy are face with the issue of […]

Best and Final Offer – Scam or Genuine

4th October 2017

I viewed a “re-possessed” property yesterday which was in a state. The agent wouldn’t confirm, but from what I can gather, the previous owner died in situ and was probably not found for a period of time given the staining on the carpet and smell. Apparently a couple of clients had viewed the property and […]

Theresa May – “I will take charge to solve the housing crisis”

4th October 2017

Theresa May’s grueling speech to the Tory party conference pledged to fix the broken housing market and to fulfil the “British Dream” for you people to own a home, but it was light on new policy details and money. On the PRS May said that she wanted to give redress to tenants where landlords did […]

Kate Faulkner and TDS launch report into conflicts in the PRS

4th October 2017

Property expert Kate Faulkner has called for greater education of tenants and landlords of their respective rights and responsibilities in the rented sector to minimise conflicts. The founder of PropertyChecklists.com and consultancy Designs on Property Ltd made the call in a report on reducing conflicts in the PRS on behalf of Tenancy Deposit Scheme’s (TDS) […]

Section 24 and Student Debt

4th October 2017

As we all know, student finances and debt are hugely sensitive subjects for all politicians at the moment. One of Corbyn’s key platforms has been student fees and the resultant debt that comes with them. The Conservatives have also had a pop in this space in the last week with a pathetic pitch to “limit” […]

AirBNB Insurance for AirBNB Hosts

4th October 2017

AirBNB is a great idea to earn cash from renting your property for short timescales, but you will need specialist AirBNB insurance to cover the risk. Don’t worry, Property 118 can help and it won’t break the bank. Standard landlord insurance requires you to have a tenancy agreement for a minimum of six months. You […]

Agent going under twice – deposit and rent missing!

4th October 2017

Hi, an estate agent who has been managing my property over the last 8 years has stopped paying me my rent. The original company was dissolved in August, but the director set up another company over a year ago called the same with a slight different twist on the name. It is the new company […]

Tenant internet copyright infringement

3rd October 2017

I rent out a property where the rent is all inclusive of bills including internet. I have just received an email from the Internet Service Provider informing me that they have been notified of a copyright infringement – I.e. A tenant illegally downloading movies online. In this scenario, as I am the landlord who pays […]

The truth about Managed Payment Requests (Full Service)

3rd October 2017

The DWP guidance states: 8. Support and Alternative Payment Arrangements 8.1 Alternative Payment Arrangements and managing rent arrears If a tenant gets into difficulty paying their rent, the landlord can apply for an Alternative Payment Arrangement (APA) Managed Payment to Landlord (MPTL) which will be considered on a case by case basis. 8.2 Tenant in […]

Airbnb mortgages now available

2nd October 2017

AirBNB mortgages are now available from Together Money who have have informed our partner brokers that they will consider commercial mortgage terms for investors that intend to rent their properties using Airbnb. This is separate to their Buy to Let range where they require a standard AST as they consider the Host (the owner of […]

Landlords Ombudsman Coming Soon

2nd October 2017

Landlords Ombudsman membership is to become compulsory it seems. In Theresa May’s interview on the Andrew Marr show (1st October 2017) she said that she wanted all private landlords to belong to a Redress Scheme like agents currently do, and that landlords should be incentivised to offer longer tenancies. Three Ombudsman schemes already exist for […]

Housing Benefit – That old chestnut

2nd October 2017

With all the main focus on Universal Credit we almost forgot about the issues that we face with the well-established Housing Benefit administered by Local Government. For most landlords after years of learning the system many managed to resolve issues that they faced and was finally starting to get the hang of it. However, what […]

Toy chattering teeth gripping UK banknotes to illustrate disputed letting agent fees

One months rent robbed by ex-owner of new flat

2nd October 2017

I am at my wit’s end, please help. I purchased my first property in Scotland, Edinburgh, a Buy to Let flat, that already had 4 tenants in it, from September 14th to next year, paying total of 2100GBP / month. Total cash funds were transferred to the solicitors based in Fife, on 19th September 17, […]

Remortgaging question from out-of-the-country landlord

2nd October 2017

My residential home, which I am currently letting on an AST whilst I am out of the country on a sabbatical, has an ordinary residential mortgage, the term of which comes to an end in a month or so. Whilst trying to arrange a remortgage, I have been told that FCA regulations stipulate that regulated […]

Universal Credit – What is all the fuss about?

29th September 2017

More and more over the last few weeks there have been articles discussing the Governments flag ship Universal credit system, this has been the most major shakeup in the Welfare Reform in 40 years. Currently there are two services; Universal Credit Live Service and Universal Credit Full Service. The Government hope to have Universal Credit […]

New Pre-action protocol for debt claims from 1st Oct

29th September 2017

The new protocol is designed to encourage debtor and creditor to communicate and resolve a payment plan before the need to go to court. Click Here to download the full Pre-Action Protocol for Debt Claims The following summary is from our partners at the Sheriffs Office: New process for Creditors: Creditors will be expected to […]