Landlords need to turn detective and make sure they police how tenants are using their rental properties otherwise insurers could refuse to pay out on claims for damage left behind by crooks.
One of the largest UK insurers, Aviva, urges landlords and letting agents to start their own neighbourhood watch – especially for cannabis farms. Continue reading Landlords should ‘grass up’ illegal cannabis farms. Would you know how to detect whether your property might be being used as a cannabis farm without entering the property?
More and more investors and landlords who have not owned up about their property profits are under scrutiny from the taxman.
The first indication you are under investigation for unpaid tax is often a benign ‘compliance check’ letter through the door. Continue reading Handling a property tax compliance investigation or “compliance check”. Our specialist tax and accountancy partner provides useful insight and guidance
A landlord group has responded to the government’s challenge to identify changes to the law that would make running a business easier.
The Residential Landlords Association (RLA) has responded with suggestions that they say would revitalise the private rental sector.
Top of the list is carrying on with self-regulation rather than resurrecting the old government’s proposal to introduce a licensing and registration scheme in England and Wales. Continue reading Don’t regulate landlords any more, urges Residential Landlords Association (RLA).
Most landlords look at reducing council tax and business rates while letting property is unoccupied but don’t realise they may have voided their buildings insurance if they make a claim while the property is empty.
Thousands of homes stand empty at any one time – the latest figures for England show 650,000 homes were vacant throughout 2009. Continue reading Why landlords property insurance might not pay out during void periods or when a property is undergoing refurbishment