Jun
29

New Future Renting conference announced

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The Residential Landlords Association will hold its next Future Renting conference in London this September. The one-day conference will be held at Imperial College London on September 13 and comes hot on the heels of successful events in Wales and Manchester. The event, at the college’s Kensington campus, will include a packed programme, featuring a […]

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Jun
29

Help! I can’t find a suitable short let tenancy agreement.

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I am hoping to let my property for 2 months while it is on the market to sell. Bills will be included but it will not be furnished. I know that you can use an AST for shorter than 6 months but this does not protect me against a tenant wanting to stay on and not pay if under 6 months

The post Help! I can’t find a suitable short let tenancy agreement. appeared first on Property118.

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Jun
29

The government has produced a series of PRS guides

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PRS Guides:

New ‘how to’ guides include checklists for new and existing tenants, landlords and letting agents which the government says will “help renters and leaseholders to know their rights.�

The list includes the latest version (June 2018) of the mandatory “How to Rent Guide.

Landlords, leaseholders and tenants will be:

“armed with vital information on their rights and responsibilities thanks to new online rental guides published by the Ministry of Housing, Communities and Local Government today (26 June 2018),� says housing minister, Heather Wheeler MP.

These guides form a key part of government’s, “continuing crackdown on poor practice by a minority of landlords and agents in the private rented and leasehold sectors. Evidence shows that Citizens Advice helped 65,000 private renters with more than 100,000 problems about their tenancy in 2017.

“As part of government’s commitment to ensure everyone has a decent, safe place to live, the ‘how to’ guides include checklists for new and existing tenants, landlords and letting agents to ensure they are complying with their legal responsibilities.�

Published on the government website GOV.UK today these guides have been produced in partnership with landlord, tenant and letting and managing agent groups, professional bodies and local housing authorities with the aim if driving up living standards in the sector.

The ‘how to’ series comprises:

How to let

This new guide will help private landlords learn more about their key legal responsibilities and best practice when letting a property, including how to protect tenancy deposits, carry out gas safety checks and install smoke and carbon dioxide alarms.

How to Lease

By reading this new document, leaseholders can learn about their unique set of rights and responsibilities. For example, a managing agent or landlord could be responsible for running a leaseholder’s block or estate – but the leaseholder does have a say in how they do it.

How to rent a safe home

This document will help current and prospective tenants identify potential unsafe conditions in rented properties. It gives tenants an overview of the most common hazards to look out for in rented properties, including gas and electrical safety, damp and mould and trips and falls hazards, and how they should report dangerous conditions.

How to rent

This updated (June 2018) guide provides a step-by-step process to renting privately. Tenants can learn how to challenge poor practice and understand private landlords’ legal obligations. It is a legal requirement for all landlords to provide their tenants with this document.

Landlords should be aware that it is important when serving this mandatory guide on tenants that the current version is used. This is particularly important when serving belatedly, as the version current at the time the tenancy stated must be served. For archived older versions, see: https://www.landlordzone.co.uk/documents

The Housing Minister, Heather Wheeler MP said:

“Every day across the country thousands of people move house – from young people leaving home for the first time, to those relocating after years in the same property.

“Whatever the circumstance, we want to ensure renters, landlords and leaseholders are armed with information so they know their rights, responsibilities and can challenge poor behaviour.

“The guides will be reviewed in light of any new legislation to ensure tenants, landlords and leaseholders are supplied with up-to-date information.�

Further information

Government says it is “committed to protecting the rights of tenants and giving them more security. We will shortly be launching a consultation seeking views on the benefits and barriers to landlords offering longer and more secure tenancies in the private rented sector.

“We have already announced our intention to require private landlords to belong to a redress scheme, and that we will require all letting agents to be regulated and belong to a client money protection scheme in order to practice.

“Our consultation on ways to make redress more accessible and effective across housing closed on 16 April and we will issue a response in due course.�

Ministry of Housing, Communities & Local Government and Heather Wheeler MP

Online guides will help renters and leaseholders to know their rights – see here

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Jun
29

Scrap the new homes tax argue landlords

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Ministers need to scrap the tax on new homes which is punishing those in need of a home to rent, the UK’s leading landlord body argues. A new report being published today by the Residential Landlords Association’s (RLA) research exchange, PEARL, warns that the country faces a net loss of 133,000 homes for private rent […]

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Jun
29

Burnley – Yield of Dreams

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Analysing average rental yields across UK local authorities, properties in Burnley in Lancashire offer the best returns for landlords with an annualised rental yield of 7.1%. With average house price values in the town at £76,300 and annual rents of £5,388

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