It's fair to say as a private landlord you'll spend a lot of your time thinking about the rent. Will the tenant pay it this month? Am I charging enough? And probably the biggest question. Should I raise the rent?
As a private landlord, you have a duty of care towards your tenant. You also have legal obligations too. Many of them concerning safety standards. In this article, we'll look at landlord legal requirements, the rules regarding safety and the Fitness for Human Habitation Act. In short the obligations, you have to provide a safe and secure home for your tenant.
The new tax year, which started last month on the 6th April, has seen a host of tax changes, including amendments to capital gains tax and income tax. Here’s what you need to know about the reduction in mortgage interest tax relief.
It's amazing what deals you can find by shopping around. Particularly when it comes to energy costs. Switching suppliers really can save you a sizable amount of money every month.
It is definitely true to say that, over the past five years, the BTL game has changed. Increasingly onerous taxation and legislation and regulation have driven a “professionalisation” of the sector.
When a new tenant moves into your property you must serve them with specific paperwork. This is a legal requirement. But serving the correct documents at the start of the tenancy will also protect yourself. Here are the documents (may vary in Scotland) you need to serve.
There's no legal requirement for you to have landlord insurance. But to not have it is reckless in the extreme. Landlord insurance will protect you against the unforeseen and helps safeguard the large investment you made in your property business.
If you’ve been a model tenant, your landlord is legally obliged to return your deposit. In the event that they refuse, there are a number of steps you can take to get it back.
As a private landlord, you'll appreciate the benefits a long-term tenant brings you. Steady and reliable income, no worries about having to find a new tenant every six months and someone who'll appreciate and look after your property.
Every landlord is looking for ways to maximise the revenue and profitability of their property. Here are a few tips to help that happen.
The old saying is there's nothing certain in life but death and taxes. And unfortunately, as a private landlord, you're not exempt from either. But at least with taxes you more or less know what's coming. There’re rules you need to follow and tax regulations you must obey. In this article, we'll look at what goes into a landlord’s tax return and the new laws which will affect you.
In January this year, the government revealed plans for introducing new legislation which would see mandatory electrical safety checks for landlords. Although there is still no set date for when the law will come into action, landlords are still responsible for obtaining an Electrical Installation Condition Report (EICR) for their rental property.