Freeholders are an unpredictable bunch. Some manage their building to within an inch of its life, with leaseholders facing a constant battle against endless schemes of works and section 20 consultations. Others barely lift a finger, leave the external and communal parts of the building to fall into disrepair and are very difficult to track down, often resulting in the leaseholders clubbing together to...
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Letting Agents in the UK are now contemplating the announcement made by Chancellor of the Exchequer Philip Hammond. The shock move will make a ban on tenant fees, which average £340. Letting agent fees have spiralled out of control especially in London where hard-pressed tenants where subject to fees in some cases that would amount to £700 . Fees ranged from 'admin fees' tenant...
Owners of property in China that let via the direct owner rental service Airbnb have been served a warning that gives them an option to leave the service via a change in terms and conditions. The new terms states they can leave this service if they were not happy with some significant changes in the companies ownership The new terms states issued by AirBnB stated “we’re making some...
Classified websites that list properties to rent are now hot danger areas for tenants seeking property in the UK. That's the conclusion being made in the UK media after TheHouseShop.com reveal the industries "Dirty Little Secret" which some of the most popular online sites have been hiding. The website also reveal an advanced fee scam that has been using the brand name Rightmove to help...
In order to be an effective landlord, there are a number of tasks that you need to take care. Here are 12 things a landlord needs to do well. Be aware of lettings legislation Many new landlords are not aware or are surprised by the amount of legislation and legal requirements associated with being a landlord. There is a need to ensure that the property is safe and this requires safety certificates to...
For many, the thought of becoming a landlord is incredibly appealing. There is the potential to make ongoing rental income from a major asset that, in itself, has the potential to grow financially. However, entering into property investment without first researching your legal and other requirements. While it is a legal requirement that you have regular safety checks on electrical and gas appliances, there...
The UK's biggest property classified advertising website TheHouseShop.com commissioned a YouGov survey that produced some shocking results for both landlords and students. The report found that a huge 40% of 2033 people surveyed said that they would not want to rent their property to students. Students have a reputation for being bad tenants, thanks to their general love of binge...
Students are known for being good tenants – they’re likely to pay their rent on time, as they often have a guarantor, and your property will almost always be in high demand, if you buy in the right location. Whether you own a portfolio of student properties, or you’re entering the sector for the first time, it is important to know how to target this type of tenant and offer...
Being a landlord is not at all easy. If you have handled this job, you would know that managing your tenants is an absolute nightmare. Apart from having to visit them several times to collect the rent, you will also have to listen to their endless complaints and find solutions to their various problems. The worst thing about these issues is the expenses that you have to deal with. Traveling to collect...
When most people think of a landlord, they think of someone who owns a portfolio of properties pops into their head. In the past, this would have been exactly the right image. However, these days a landlord is just as likely to be a private individual that owns one or two rental properties. Often, the rent generated is used to pay the mortgage. For this type of landlord, marketing their property...