Section 21 Possession Surveys for landlords

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Section 21: 

Both the main landlord associations, NLA and RLA have
recently put out surveys asking landlords for their opinions on the proposed
removal of the Section 21 no-fault eviction process ahead of the government’s
consultation process. Make sure you have your say – see below.

Landlords need to have their say as their opinions are an important
element in influencing the outcome of the two association’s efforts in lobbying
Government on this vital issue.

Last month the Government announced plans to abolish Section
21, which the landlords’ bodies believe will have severe negative implications
for private landlords. The National Landlords Association and the Residential Landlords’
Association are both campaigning to make the Government change its mind, but to
do this they will need to understand what private landlords think about Section
21, the experiences they have had, and the effects its removal may have.

So far more than 6,000 landlords have responded to the
Residential Landlord Association’s survey asking what a post-Section 21 private
rented sector should look like – a record response.

The survey went live just days after the government
announced plans to axe Section 21 repossessions – so-called ‘no fault’
evictions – last month.

The responses to the surveys will be used by the NLA and the
RLA as the basis for their response to the government’s formal consultation
when it is launched – date not yet announced.

The RLA argues that it is vital landlords are confident that
they can swiftly and easily repossess a property for legitimate reasons such as
rent arrears, anti-social behaviour and needing to sell the property.

The RLA says that number of people responding to its survey,
which closes next week, has already broken the association’s previous record.

David Smith, Policy Director for the RLA, said:

“The scale of responses to this important survey shows the
strength of feeling in the sector.

“The survey closes next Monday, and we would encourage all
those who want the opportunity to have their say and shape the future of the
sector to take the time to respond.�

• There were 6,085 responses to the survey as of
  12 noon on Monday 13^th May 2019. The RLA’s previous biggest
  highest response was to its longer-term tenancy survey in July/August 2018.
  This secured 4,970 responses.
• The Residential Landlords Association represents
  the interests of landlords in the private rented sector across England and
  Wales.

The RLA’s survey can be accessed here:

https://tinyurl.com/y2hhxdhf

The NLA’s survey can be accessed here:

Section 21 – NLA Member Survey May 2019

The NLA are also running a postcard campaign to show the
Prime Minister directly the impact this will have on the market. It takes less
than two minutes to add your support to the campaign to #SaveSection21 –
details can be found here

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Section 21 Possession Surveys for landlords | LandlordZONE.

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2020 CGT changes and the implications of no PPR relief?

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We bought the property in 1988 for 79K. its current value is 500 – 550K. In 2011 I became ill and could no longer work so we rented out the property in Wokingham as it was cheaper to live on one salary in the north where we had bought another property.

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Short term finance to help landlords purchase and improve property

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Paragon is expanding its specialist buy-to-let mortgage range with new short term finance products for property acquisition and refurbishment.

The short term finance products are designed to help landlords planning to purchase and improve property, as well as those looking to upgrade already-owned property to achieve a better yield.

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Build Complete Apartments in Ilkeston – 1 beds from only £71,960

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Prices start from only £71,960 for a spacious, one bed apartment with secure parking, rising to only £85,596 for a two bed. We are delighted to have secured 20% off the list prices!

Leef Properties have given us predicted rentals PCM of up to £475 for a one-bed and up to £575 for a two-bed

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Tenancy deposit disputes being resolved before adjudication

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Early intervention between landlords and tenants across the UK is resulting in many more deposit disputes being resolved by agreement, without the need to go to adjudication according to Tenancy Deposit Scheme (TDS).

By law, each deposit protection scheme must offer free dispute resolution services for tenants

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The “evolving tenant� demands flexibility…

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Rental Management:

With Brexit on the horizon, landlords need to consider the
needs of the modern tenant, the “evolving tenant� as Sanjeev Patel, is managing
director of PPP Capital, terms him or her.

Writing for Property
Week, Mr Patel thinks that Brexit is having an impact in the rental as well
as the for-sale market.

Given the multifarious changes to the market: regulation
changes and consequent risk for landlords; slowing growth or in some cases declining
rental prices, dips in property values; possible interest rate hikes and the
return of inflation, with the consequent impact on landlords’ profit margins
and tenant affordability, and the uncertainty for EU nationals as tenants,
there are challenges ahead.

But, says Mr Patel, this turbulence can be an opportunity
for landlords who are able to “bring some stability to the rental sector and
move forward with the evolving tenant.� While we wait for the eventual outcome
of Brexit, landlords can take a responsible tenant-centred approach, an enlightened
approach which will benefit not only their tenants, but their businesses as
well.

Speaking from the point of view of an institutional investor
as MD of PPP Capital, his views are no less pertinent for small-scale or small portfolio
landlords who compete in the same marketplace.

Starting in 1971 as a standalone Confectionary, Tobacco and
Newspaper (CTN) store in Paddington, central London, PPP Capital now controls a
large international group with interests in real-estate development and property
management as well as retail and leisure.

PPP has been developing and renting property for over 15
years, but in the past few years, says Patel, “we have had to think more
creatively in the face of Brexit uncertainty about our approach to the evolving
tenant.�

Patel thinks he has found strategies in property management which
have proved effective in attracting and retaining good tenants, and he is confident
his approach will help PPP’s portfolio whatever Brexit brings.

Tenant’s Changing
Profile:

Many tenants are now pet owners, says Patel. “Landlords are
often reluctant to accept pets, but we give applying tenants the chance to
describe their pet before we decide whether to accept. We also suggest putting
a clause in the contract about having pets in the property. In our experience,
if we show flexibility and care as a landlord, we receive the same respect in
return.�

Mr Patel is a big believer in engaging in efficient two-way
conversations with his tenants: PPP uses property maintenance software that
updates tenants in real time. This, he says, makes tenants feel connected to
their landlord and eliminates rounds of calls or emails. It speeds up simple
maintenance requests, but also builds trust between both parties, he says.

This software enables a management company, tenants,
contractors and tradespeople to access a central hub, separately and
simultaneously making things easier for all involved. The digital maintenance
log created also helps the company to analyse costs and see if properties are
costing more than budgeted.

More tenants now enjoy the flexibility of renting and see
themselves as long-term tenants rather than homeowners. From the landlord’s
perspective, if this is achieved, it can give them longer term security, free
from expensive void periods. This type of tenant will generally show extra care
for the property, treating it more like their own home, and when they are happy
with the package as a whole, will stay for years. So, thinks Patel, “it is
often worth investing in some ‘extras’ such as smart home systems, underfloor
heating or safety features such as alarm systems and great outdoor lighting.�

Another innovative idea that Mr Patel advocates is giving something
back to the community; sponsoring local community initiatives, green initiatives
and giving to local charities, all helping to create goodwill between the
landlord, tenants and the community they live in.

Renters’ needs are evolving, says Patel, and tenants’
decisions to stay long-term are predicated on not just the basics that every
tenant would expect, but on a landlords’ attitude to the peripherals, such
things as diverse tenants and how responsible they are as a landlord.

“There are ambiguous times ahead, but private and corporate
landlords with mid-to long-term buy-to-let and build-to-rent properties should
remain very optimistic about the future… Let’s focus on the long-term yield
while doing our best to be responsible landlords with solid portfolios occupied
by respectful tenants.� says Mr Patel.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – The “evolving tenantâ€� demands flexibility… | LandlordZONE.

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Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Swansea

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Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Swansea Meeting property networking event Thursday 23rd May 2019.

The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously attended a pin meeting.

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Reconsider Gas Safety Regulations alongside changes to Section 21

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Many of you will be aware of the Caridon Property Ltd v Monty Shooltz case.  In short, the landlord, Caridon Property, failed to obtain a possession order based on their Section 21 notice, because His Honour Judge Jan Luba QC ruled that that the requirements of the Deregulation Act 2015 meant their failure to issue a gas safety certificate before the tenancy began invalidated the subsequent Section 21 notice for repossession.

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Insurance invalid after fire due to family member?

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I have a buy to let mortgage and landlords insurance and when I initially took out the mortgage I did not intend to let to a family member,

I have since let to my wife’s sister and the property has had a major fire

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Home Office Right to Rent post Brexit update

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The Home Office have this week 13/05/2019 issued an update to its Right to Rent guidance: click here.

In summary regardles of the outcome of Brexit, deal or no deal, there will be no change to the Right to Rent requirements until 1st January 2021 for EU

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