Whilst the Tenant Fees Act is coming into force in England on 1st June 2019, the Act will be effective in Wales on 1st September 2019, subject to it receiving Roal Assent.
In this article, we'll provide some tips for landlords looking to sell their property and how to break the news to their renters.
Renting a property is a big commitment. You need to know exactly what you're taking on. So, do make sure you get the information you need.
In two months time, the Tenant Fees Act will come into force. This means certain fees associated with letting a property will be banned.
When building a portfolio or purchasing their first buy to let property most landlords will operate in their local area. This is perfectly understandable. They know the market and being local makes it easier to manage their properties. But not all landlords stay close to their roots. Long-distance landlords can be based hundreds of miles away from their rentals.
So, you’re ready to let your property out. What’s the best way to get started?
The vast majority of private landlords are honest and hard-working. They provide a well appointed and clean property at a reasonable rent and will attend promptly to any issues their tenant may have. Unfortunately, as in any profession or industry, there are some bad apples.
We’ve discussed elsewhere on this blog the value of building a tenant-landlord relationship. How a good relationship with mutual respect can help a tenancy run smoothly. But what happens when that relationship is closer than normal? When your tenant is your friend.
On the 20th March 2019, the government introduced the Fitness for Human Habitation Act. This law, which is also known as the Homes Act, essentially ensures that all rental properties are deemed safe. While the majority of landlords will only rent out properties that are safe, the new law protects tenants should their landlord fail to keep them safe.
The tenancy agreement is such a vital document. Yet many private landlords pay surprisingly little attention to it. They may use the same contract for years at a time. Or worse just find a free template they found on the internet. If you’re a new landlord or worried your tenancy documents may not be up to scratch, we’re going to look at the five most common mistakes landlords make in their tenancy agreement documentation. And crucially how to avoid them.
Here are 5 of our best advice for making a good impression with potential tenants and maintaining a healthy and positive relationship with your tenants.
With the news today that property has out-performed most other investment types over the past decade, there is sure to be people looking at BTL in more detail over the coming months.