Is completion date agreed in writing when we exchange contracts?

admin    Uncategorized     agents

I am buying a property for the 1st time doing the 5% gov scheme, we exchanged contracts , however there is nothing in the contract to say about the completion date. I bought it off plan, the property is still in construction

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National Volunteers Week: Landlords share what they do to volunteer

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Last week was National Volunteers Week, and some members of the RLA have been sharing what it is they do to volunteer in their local community. Whether its helping out at community events or taking the time to support children at local schools, our members are a charitable bunch. Have a read of what some […]

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LandlordZONE® achieves runner-up spot in UK landlord blog review

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Top Blog Spot:

The landlord property portal LandlordZONE®, which is a free to access comprehensive resource for landlords and letting agents, has achieved runner-up position after the Residential Landlord Associations’ (RLA) membership website blog in Feedspot’s major UK Landlord Blogs List.

LandlordZONE® was measured against thousands of UK Landlord blogs on the Internet using search and social metrics.

Feedspot urges landlords to subscribe to these websites “because they are actively working to educate, inspire, and empower their readers with frequent updates and high-quality information.�

The landlord blogs are ranked based on following criteria:

• Google reputation and Google search ranking
• Influence and popularity on Facebook, twitter and other social media sites
• Quality and consistency of posts.

Feedspot’s editorial team and expert review

Best 10 UK Landlord Bloggers

Feedspot says congratulations to every blogger that has made this Top 10 UK Landlord Blogs list!

“This is the most comprehensive list of best UK Landlord blogs on the internet and we’re honoured to have you as part of this! I personally give you a high-five and want to thank you for your contribution to this world,” says a spokesperson for Freespot.

Top 10 UK Landlord Blogs and Websites to Follow in 2018 – see the full list here

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Fire safety – everything a landlord needs to know

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Fire safety is one of the top searches on the RLA website, with the issue brought into sharp focus following the devastating blaze at Grenfell Tower almost a year ago. In the wake of the tragedy the RLA pulled together all its fire safety guides and interactive resources for PRS landlords to create a comprehensive […]

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Are REIT’s A Viable Exit Strategy For UK Landlords

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If you’re looking to continue to enjoy income and the potential for capital appreciation from property investment – without the hassle – a REIT is one of the solutions to facilitate this without the worry of ongoing maintenance, management tasks and ever changing regulations.

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Shadow Housing Minister wants 3 week deposit maximum

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Under the current Tenant Fees Bill the proposed maximum tenant deposit will be 6 weeks rent. However, Shadow Housing Minister, Melanie Onn, wants this to be a 3 week maximum saying: “Labour is fighting for a new three-week limit for rent deposits.

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Monthly house price report confusion

admin    Uncategorized     agents

Every month I read enough conflicting reports on house prices to make your head spin. Some up, some down, some the lowest since and some the highest since etc etc.

The housing market cannot be defined or predicted by one month’s set of figures from various reports that calculate the statistics in vastly different ways.

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No notice, because “it’s my house”!

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Sounds unbelievable, but my landlord just called a locksmith to come and change the locks and has taken possession of his house without any kind of legal process.

I caught him in the act and made a video.

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Labour is pressing for a 3-week cap on deposits

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Tenant Fees Bill:

In an amendment to the Tenant Fees Bill currently passing through Parliament, Labour proposes to amend the new law. It would introduce a cap to make it illegal for any landlord to take a security in excess of three weeks’ rent.

The Bill, as it currently stands under the government’s proposals, would cap the deposit at six weeks rent. That figure, experts in the industry have argued, is the minimum necessary to deter rent arrears and to offer adequate protection for landlords.

Labour, on the other hand, claim the government’s six-week limit, according to The Independent newspaper, “would do nothing to help most tenants, because the average deposit is already less than five weeks’ rent.�

Labour has said its proposed change would significantly limit the amount landlords would be allowed to take as a deposit and save tenants on average £575, or £928 in London

The Tenant Fees Bill, currently making progress through Parliament, is seeking to ban all fees that landlords and letting agents are permitted to charge tenants, with the exception of charges for defaults on the tenancy agreement.

The Bill had its second reading debate on Monday 21 May 2018, and has now been committed to a Public Bill Committee. The Committee met on Tuesday 5 June and is expected to report to the House by Tuesday 12 June 2018.

Speaking about the Bill and this proposed amendment Melanie Onn, Labour’s shadow housing minister, has said:

“Labour is fighting for a fairer deal for all renters. We recognise the private rented sector is the fastest growing area of housing, and it is right that they are not exploited by unfair fees. This government has failed renters for the last eight years. Labour will hold them to account to make sure the power between landlords and tenants is rebalanced.”

A spokesperson for the Ministry of Housing, Communities and Local Government (MHCLG) has said:

“Our new measures will save hard-working renters an average of £200 every time they move, and in some cases much more.

“Landlords will be allowed to charge a maximum of six weeks’ rent and we expect them to consider what is the right deposit to take on a case-by-case basis.�

According to the government’s impact assessment produced for the Tenant Fees Bill, the average rental deposit was £1,161 in March 2017, which represents a rise of 19% since 2012.

Tenant Fees Bill 2017-19

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Is it worth the hassle of trying to get tenant to pay?

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Recently we have had 3 cases where workmen have been sent out due to problems reported by tenants.

The first was a tenant saying there was a problem with a TV aerial, the second a leak from a washing machine and the third an oven not reaching temperature.

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