The 1st of March will see the launch of the countries first tenant accreditation Scheme, (UK TAS), bred from a pilot scheme trialled in Southend-on-sea by the private sector housing of the Borough Council.
The UKTAS is in stark contrast to the numerous accreditation schemes out their aimed at agents and landlords to drive out rogue landlords and make tenants aware of what a ‘good’ landlord should be. Continue reading 1st March… The New accreditation Scheme is coming
Buildings insurance for a property is generally the responsibility of the owner or landlord. Tenants must still take out contents insurance to cover their possessions if they want to be protected against theft or fire damage, though for example. This is even more relevant in a House in Multiple Occupation letting to students or professionals.
If you are a landlord renting out a furnished property including HMO’s you will be well advised to take out contents insurance to cover your own belongings, personally, I usually take out £10,000 for the contents of a furnished HMO. I will also consider taking out some contents insurance for self contained units in not so desirable areas where there is a higher risk of malicious damage by the tenant or a break in. Continue reading Get the Right Landlord Property Insurance
Responsible landlords are investors and business people who should present a ‘professional’ face to their tenants and letting agents.
Not only are there harassment and equality laws designed to stop some of the more outrageous dealings perpetrated by landlords caught up in a spiraling web of anger, but the courts look badly on bullies who do not follow the rules. Continue reading Stick to the Letter of the Law Rather than Abuse
Over the course of the last 3 years at Landlord Action I have been contacted by many disgruntled investors trying to claim back sourcing fees or deposit monies paid to rogue property investment and sourcing companies.
Awareness of this has needed to take on paramount importance since we hit recession in late 2008. Lending stopped and sourcing companies were not able to complete on property deals offered to clients because of lending criteria, and the companies kept the money to use as cash flow to continue to run their businesses. Continue reading Be Wary and Be Vigilant
One in three buy to let homes have major safety hazards putting tenants at risk, claims a government survey of homes in England.
The English Housing Survey discloses just over 28% of privately rented homes have a ‘category 1 hazard’ – compared with 14.5% of social housing, just under 11% of housing association properties and 21.5% of privately owned homes. Continue reading Tenants at Risk in 1 Million Shoddy Buy to Let Homes
Dozens of letting agents have gone bust in recent months leaving landlords struggling financial with unpaid rents and unprotected deposits.
In some cases the letting agents are just poor business administrators, but several have ended in court for deliberate and calculating frauds involving the theft of hundreds of thousands of pounds of money belonging to property investors. Continue reading Protecting a Rental Business Against Rogue Letting Agents
Answer? – When it’s an Assured Tenancy. Rubbish joke I know.
Most conversations I read on Property 118 and other websites centre on ASTs and the rules and regulations that surround them, but did you know that actually there are around 16 different types of tenancy and licence agreement? Continue reading When is an AST not an AST?
Tenants need to know about how to cope in an emergency to protect rental properties from risk of damage in the cold weather, urges the National Landlords Association.
Many rental properties were damaged by flooding after burst pipes because tenants did not know how to switch off the water supply, claims the NLA. Continue reading Tell Tenants How to Deal with Emergencies, Urges NLA
I know there’s been a lot of mud thrown at lettings agents over the years mainly due to their high charges, limited ability and the fact that most landlords think “anyone can do it”. However, I always gave them the benefit of the doubt as, alongside being a Dartford Tunnel toll booth attenda Continue reading **%£~%! Lettings Agents!
There is a lot of talk these days about tenants needing security of tenure and organisations like Shelter would like Government to change legislation to force landlords to give tenants longer tenancies.
I acknowledge that tenants do need security and, as a landlord, I want to keep my tenants for as long as possible. Many people need to put down roots and build a life in an area but it is often difficult for them to do this when they are forced to move to a new home every six or twelve months. Continue reading We Need More Trust Not More Legislation and Regulation