Browsing all articles from October, 2016
Oct
27

Landlords Repairing Obligations Workshop – 23 November 2016 with Peter Marcus – Ely

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All landlords are subject to the statutory repairing obligations under the Landlord & Tenant Act 1985 – which cannot be excluded!  But do you know what they are?

If this worries you – have no fear.  This special Easy Law Training workshop from housing barrister Peter Marcus will be looking at landlord’s repairing obligations in detail along with dealing with court proceedings.

The law relating to landlords’ repairing obligations is incredibly complex.  You have for example:

• Obligations under the civil law – e.g. the landlord’s statutory repairing covenants, and also

• Various offences under the criminal law – for example relating to statutory nuisance and health and safety

Landlords (and their letting agents) are expected to know and understand all these obligations – and can be sued and/or prosecuted if they are breached.

In this one day workshop Peter Marcus will be looking, not just at what the law is, but also at recent legislation and case law (including the new anti retaliatory eviction rules) and what you can do if a claim is brought by your tenants – which could be very useful!

Peter will also be talking about YOUR issues and has asked that delegates bring details of any problems they may be experiencing so they can be discussed in the group.

Note that this workshop is also suitable for social housing landlords.

You can find out more about the workshop and book your place >> here.

LandlordZONE.

View Full Article: Landlords Repairing Obligations Workshop – 23 November 2016 with Peter Marcus – Ely

Oct
27

Are we tenants or lodgers?

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My boyfriend and I have just moved to London and have found a room to rent in a flatshare. Being new to England I’m not sure of the legalities. We are dealing with a live out landlord, however he has given us a lodgers agreement to sign. From what I understand as he does not… Read more

The post Are we tenants or lodgers? appeared first on Property118.com.

View Full Article: Are we tenants or lodgers?

Oct
27

Freeholders refuse to transfer title trying to cause distressed sale?

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I recently sold my property a share in a freehold. When I moved to the property I undertook a lot of maintenance and repair. Prior to this it would appear people left things to the last moment rather than fixings things in a timely manner. Now almost near completion of sale the other freeholders raised… Read more

The post Freeholders refuse to transfer title trying to cause distressed sale? appeared first on Property118.com.

View Full Article: Freeholders refuse to transfer title trying to cause distressed sale?

Oct
27

Joint Freeholders blocking sale to SPV?

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I have made an offer for neighboring property that is a flat in a block of 4. I have a right of way across their car park & have identified some development potential that I have previously discussed with the freeholders. I set up an SPV (Single Purpose Vehicle Ltd Co.) with a partner and… Read more

The post Joint Freeholders blocking sale to SPV? appeared first on Property118.com.

View Full Article: Joint Freeholders blocking sale to SPV?

Oct
27

London landlord fined £165,000

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The landlord was fined after 18 people were found living in a Grade-II listed Hyde Park gate “slum” The landlord’s tenants, most of whom were migrant hotel workers, were found to be crowded into a converted four-bedroom flat in the Grade-II listed mansion overlooking Hyde Park in central London, one of the highest priced residential […]

LandlordZONE.

View Full Article: London landlord fined £165,000

Oct
26

Court decision will hit landlords in the pocket

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Landlords who want to evict tenants who have breached suspended possession orders are being warned they must go to court with evidence of the breach before they can act. The warning comes following the case of Cardiff City Council vs Lee (Flowers) in which the Appeal Court ruled the council acted incorrectly by actioning the […]

The post Court decision will hit landlords in the pocket appeared first on RLA Campaigns and News Centre.

View Full Article: Court decision will hit landlords in the pocket

Oct
26

Landlords voice their opinions on client money protection

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Client money protection (CMP) should be made compulsory four out of five buy-to-let landlords believe. A majority of landlords feel CMP should be compulsory when they use a letting agent to rent a property out, according to new research. Of 85% of landlords that use letting agents, a significant 81% believe that CMP should be… Read more

The post Landlords voice their opinions on client money protection appeared first on Property118.com.

View Full Article: Landlords voice their opinions on client money protection

Oct
26

Being a landlord is like a 'bed of roses' – Maybe not?

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Politicians generally respond to those who shout out loud and often, as long as they are backed by a horde of potential voters.

The housing charity Shelter apparently is run on a budget many times that of the two largest landlord associations (NLA / RLA) and regularly demonise private landlords whilst ignoring the harsh reality that tenants can often be the sinners as well as being the ‘sinned against’. As such Shelter’s voice is heard more often as they appeal to the 11 million tenants all of whom have the same vote as the approximate 2 million private landlords. Do the math…..

Recently and not for the first time, Shelter drew the attention of many in the unquestioning national media to the large cost burden that the annual Housing Benefit bill now causes UK taxpayers, pointing out that private landlords are the widespread recipients of state largesse etc. The reality of course is that all too often it is only most committed landlords who these days will take on any housing benefit tenants as public sector spending cuts take their toll. And yet all around the country local councils are increasingly desperate trying to reach out to private landlords as the waiting lists for housing get longer and the costs of bed and breakfast accommodation soars.

I recently interviewed a subscriber to Property Investor News magazine about his experiences with housing benefit tenants. This video interview may not be for the faint hearted…..

LandlordZONE.

View Full Article: Being a landlord is like a 'bed of roses' – Maybe not?

Oct
26

Moving in makeover

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The experts at Belvoir reveal six simple steps to getting your property viewing ready…

1. First impression lessons

“Before you arrange any viewings it’s important to take an objective look at your property and what it has to offer,” says owner of Belvoir Portsmouth and Belvoir Waterlooville Samantha Bateman. “Most properties will benefit from a pre-moving in makeover or MOT before viewings begin.

“Start with the exterior. This will be the first thing any prospective tenant will see – in fact, many tenants will drive past a property before even committing to a viewing so these first impressions are vital.

“Has your property got kerb appeal? Ensure the outside of the property is tidy and neat, with a weed-free driveway, garden, borders and beds. Look at the front door and door furniture too. Are they in a good condition or do they need refreshing? Is any exterior paintwork dirty or in need of re-painting? And what about the dustbins? Are they on display? If so, put them away.

Co-owner of Belvoir Melton Mowbray Katie Archer agrees and adds, “Also think about your guttering and windows. Guttering should be clear of weeds and windows should be sparkling and clean.

“Create visual impact with your property’s exterior in order to invite prospective tenants through the front door and tempt them to want to see more.”

2. No place like home

“Next, take a walk through your property to identify what interior updates or upgrades it needs,” says Katie.

“A prospective tenant will want a property that they can imagine as their new home, therefore it should be ‘move in’ ready and look well cared for and maintained.

“The interior should be clean and tidy, plus think about the décor too. Could it do with updating? Most tenants will be looking for a neutral backdrop where they can visualise their own furniture in situ.

“Bathrooms and kitchens are extremely important too. They don’t necessarily need to be replaced but they do need to be clean and smart.

“Providing curtains, blinds, lampshades and other attractive dressings can also help create a sense of ‘home’.”

3. Marketing value

“Don’t underestimate the value of marketing,” says Samantha. “Once you’ve perfected your property, both inside and out, it’s time to put together your marketing material and plan.

“Successful marketing material will need to tell a ‘story’ and should take prospective tenants on a journey through the property.

“Descriptions should be enticing, with particular attention given to the first sentence which will determine whether or not a tenant reads on. Remember, however, while it’s important to try and tempt a tenant with your text, it’s also essential that you’re accurate and don’t mislead them.

“Wording should be backed up with a selection of good quality pictures, preferably taken on a bright sunny day, to create a storyboard of your property’s highlights and key features.

“Think too about where and when you’re going to advertise your property in order for it to reach the widest cross-section of prospective tenants.”

4. Inventive incentives

“Having a tenant already occupying your property when you’re marketing it can make the viewing process more challenging as you won’t have full control over access to the property or its interior appearance on the day,” says Katie.

“Some landlords offer their current tenants incentives in return for them keeping the property clean and tidy, plus for being flexible about when viewings can be arranged. This could perhaps be by offering to release them from the tenancy early if needed or agreeing on a suitable incentive together.

“If you do have a tenant in situ it may also be worth thinking about arranging block viewings in order to minimise disruption.”

5. Access all areas

“During the viewing a prospective tenant will want to see everything the property has to offer so make sure you’re suitably prepared,” says Samantha.

“Ensure you have a full set of keys to the property and that all areas can be accessed, including the loft space if necessary. Is there a lockable garage, shed, outbuildings, basement or cellar? If so, make sure you have keys available for those too.”

6. Last-minute lowdown

“While many of your preparations will take place in advance, some will need to be done immediately prior to the viewing itself,” says Katie.

“If possible arrive at the property before the meeting is scheduled so you have time for essential last-minute preparations and any troubleshooting that is needed.

“Ensure the property looks airy and bright, plus feels inviting and warm. Draw back curtains, switch on lights and either open windows or turn on the heating depending on the season.

“In addition, empty overflowing bins, ensure toilet seats are down, plus make certain each room is tidy and neat and walkways aren’t cluttered.

“Remove any post that has collected behind the front door too so that when the doorbell rings you’re ready to give your prospective tenant a warm welcome into their potential new home.”

On the day

Steps to success – during the viewing…

√ Be punctual – prospective tenants won’t want to be kept waiting. Arrive in advance if possible for last-minute preparations.

√ Guided tour – take the tenant on a journey through the property, highlighting the benefits of each space and leaving the best feature until last.

√ Life story – create an appealing lifestyle story by ‘selling’ key facts about the local amenities and area.

√ Double take – allow the tenant to explore the property and take a second look at their leisure. Never rush or push.

√ Success stories – explain why the current tenant is leaving, plus refer to past successful tenancies too.

√ Trust issues – it’s important that you come across as genuine, effective and efficient in order to gain the tenant’s trust. They will be looking for a landlord who they can communicate with and have confidence in.

√ Question time – ask open-ended questions to help the conversation flow. Encourage them to ask you questions too.

√ Answers at the ready – tenants will often ask about Council Tax Bands, utility bills, plus moving in timescales etc so identify commonly asked questions in advance and make sure you know the answers.

√ Research and reveal – if you don’t know the answer to a question, find out after the viewing and then let the tenant know.

√ Marketing matters – ensure you have the marketing material to hand so you can give out copies for prospective tenants to take away.

√ Feedback follow-up – a phone call following the viewing will enable you to gain valuable feedback about your property.

√ Expert help – benefit from the experience of a professional letting agent by instructing them to do the viewings for you.

Article Courtesy of: Belvoir

LandlordZONE.

View Full Article: Moving in makeover

Oct
26

Moving in makeover

Author admin    Category Uncategorized     Tags

The experts at Belvoir reveal six simple steps to getting your property viewing ready…

1. First impression lessons

“Before you arrange any viewings it’s important to take an objective look at your property and what it has to offer,” says owner of Belvoir Portsmouth and Belvoir Waterlooville Samantha Bateman. “Most properties will benefit from a pre-moving in makeover or MOT before viewings begin.

“Start with the exterior. This will be the first thing any prospective tenant will see – in fact, many tenants will drive past a property before even committing to a viewing so these first impressions are vital.

“Has your property got kerb appeal? Ensure the outside of the property is tidy and neat, with a weed-free driveway, garden, borders and beds. Look at the front door and door furniture too. Are they in a good condition or do they need refreshing? Is any exterior paintwork dirty or in need of re-painting? And what about the dustbins? Are they on display? If so, put them away.

Co-owner of Belvoir Melton Mowbray Katie Archer agrees and adds, “Also think about your guttering and windows. Guttering should be clear of weeds and windows should be sparkling and clean.

“Create visual impact with your property’s exterior in order to invite prospective tenants through the front door and tempt them to want to see more.”

2. No place like home

“Next, take a walk through your property to identify what interior updates or upgrades it needs,” says Katie.

“A prospective tenant will want a property that they can imagine as their new home, therefore it should be ‘move in’ ready and look well cared for and maintained.

“The interior should be clean and tidy, plus think about the décor too. Could it do with updating? Most tenants will be looking for a neutral backdrop where they can visualise their own furniture in situ.

“Bathrooms and kitchens are extremely important too. They don’t necessarily need to be replaced but they do need to be clean and smart.

“Providing curtains, blinds, lampshades and other attractive dressings can also help create a sense of ‘home’.”

3. Marketing value

“Don’t underestimate the value of marketing,” says Samantha. “Once you’ve perfected your property, both inside and out, it’s time to put together your marketing material and plan.

“Successful marketing material will need to tell a ‘story’ and should take prospective tenants on a journey through the property.

“Descriptions should be enticing, with particular attention given to the first sentence which will determine whether or not a tenant reads on. Remember, however, while it’s important to try and tempt a tenant with your text, it’s also essential that you’re accurate and don’t mislead them.

“Wording should be backed up with a selection of good quality pictures, preferably taken on a bright sunny day, to create a storyboard of your property’s highlights and key features.

“Think too about where and when you’re going to advertise your property in order for it to reach the widest cross-section of prospective tenants.”

4. Inventive incentives

“Having a tenant already occupying your property when you’re marketing it can make the viewing process more challenging as you won’t have full control over access to the property or its interior appearance on the day,” says Katie.

“Some landlords offer their current tenants incentives in return for them keeping the property clean and tidy, plus for being flexible about when viewings can be arranged. This could perhaps be by offering to release them from the tenancy early if needed or agreeing on a suitable incentive together.

“If you do have a tenant in situ it may also be worth thinking about arranging block viewings in order to minimise disruption.”

5. Access all areas

“During the viewing a prospective tenant will want to see everything the property has to offer so make sure you’re suitably prepared,” says Samantha.

“Ensure you have a full set of keys to the property and that all areas can be accessed, including the loft space if necessary. Is there a lockable garage, shed, outbuildings, basement or cellar? If so, make sure you have keys available for those too.”

6. Last-minute lowdown

“While many of your preparations will take place in advance, some will need to be done immediately prior to the viewing itself,” says Katie.

“If possible arrive at the property before the meeting is scheduled so you have time for essential last-minute preparations and any troubleshooting that is needed.

“Ensure the property looks airy and bright, plus feels inviting and warm. Draw back curtains, switch on lights and either open windows or turn on the heating depending on the season.

“In addition, empty overflowing bins, ensure toilet seats are down, plus make certain each room is tidy and neat and walkways aren’t cluttered.

“Remove any post that has collected behind the front door too so that when the doorbell rings you’re ready to give your prospective tenant a warm welcome into their potential new home.”

On the day

Steps to success – during the viewing…

√ Be punctual – prospective tenants won’t want to be kept waiting. Arrive in advance if possible for last-minute preparations.

√ Guided tour – take the tenant on a journey through the property, highlighting the benefits of each space and leaving the best feature until last.

√ Life story – create an appealing lifestyle story by ‘selling’ key facts about the local amenities and area.

√ Double take – allow the tenant to explore the property and take a second look at their leisure. Never rush or push.

√ Success stories – explain why the current tenant is leaving, plus refer to past successful tenancies too.

√ Trust issues – it’s important that you come across as genuine, effective and efficient in order to gain the tenant’s trust. They will be looking for a landlord who they can communicate with and have confidence in.

√ Question time – ask open-ended questions to help the conversation flow. Encourage them to ask you questions too.

√ Answers at the ready – tenants will often ask about Council Tax Bands, utility bills, plus moving in timescales etc so identify commonly asked questions in advance and make sure you know the answers.

√ Research and reveal – if you don’t know the answer to a question, find out after the viewing and then let the tenant know.

√ Marketing matters – ensure you have the marketing material to hand so you can give out copies for prospective tenants to take away.

√ Feedback follow-up – a phone call following the viewing will enable you to gain valuable feedback about your property.

√ Expert help – benefit from the experience of a professional letting agent by instructing them to do the viewings for you.

Article Courtesy of: Belvoir

LandlordZONE.

View Full Article: Moving in makeover

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