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TENANTS COULD LOSE OUT ON HALF A MILLION PROPERTIES AS LANDLORDS EXIT THE MARKET TO OFFER SHORT-TERM LETS
Nearly 50,000 properties already unavailable for long-term tenants Two-fifths switching from long-term to short-term lets due to burdensome legislation ARLA Propertymark launches a report analysing the scale of the short-term lets sector and outlining recommendations to limit its impact on the private rented sector Nearly half a million properties could be left unavailable for residents…
Switching energy suppliers
Most landlords think they have a right to impose their wishes on new tenants with regard to staying with existing suppliers. Nothing could be further from the truth; as the tenants paying the energy bills, in their name, they have the power to switch suppliers. If market research has been undertaken and the tenants have…
Flooding can be a real burden
Having a property flooded can be devastating, yet according to the Environment Agency, around 5.2 million homes and businesses in England are at risk; with severe flood warnings increasing year on year since 2013. It is not just rivers and the sea that pose the problem, rising groundwater and overwhelmed drains and sewers can also…
Mandatory Client Money Protection
The Property Agents Regulations 2018 mean it will be a legal requirement for estate agents to be a part of an approved Client Money Protection (CMP) Scheme by 1st April 2019. Letting agents will have to: Belong to a Government Approved CMP Scheme. Display a Certificate confirming agents` membership to an approved CMP…
Reasons for a Deposit Dispute
In a recent survey by the TDS, the following were highlighted as being the main reasons for an end of tenancy dispute: Cleaning Damage Redecoration Rent arrears Gardening It is interesting to note that rent arrears is not in the top three! Cleaning and damage are by far the most important and with…