Think tank wants rent controls and lifelong tenancies
Rent controls, lifelong tenancies, a public landlord database and an end to Section 21 are among the calls in a report by the New Economics Foundation. The left-wing think tank has outlined a number of proposals it wants political parties to adopt in order to reform what it describes as the “broken economy”. It proposes: […]
The post Think tank wants rent controls and lifelong tenancies appeared first on RLA Campaigns and News Centre.
View Full Article: Think tank wants rent controls and lifelong tenancies
New CEO to address Future Renting Wales conference
Ben Beadle, the new Chief Executive of the merged RLA and NLA, will address the RLA’s Future Renting Wales conference this month. The new organisation, the National Residential Landlords Association (NRLA) will officially launch on January 2, with Ben responsible for uniting the two organisations and moving the new association forward. In his first public […]
The post New CEO to address Future Renting Wales conference appeared first on RLA Campaigns and News Centre.
View Full Article: New CEO to address Future Renting Wales conference
November licensing update for landlords
In our licensing update this month, we not only take a look at some of the proposed licensing schemes that are up for consultation across the country, but we also take a closer look at one of our six key manifesto asks when it comes to improving enforcement for all. Enfield Council– selective licensing scheme […]
The post November licensing update for landlords appeared first on RLA Campaigns and News Centre.
View Full Article: November licensing update for landlords
Merton Council fine criminal landlord £5000 for health and safety breaches
A landlord in London has been ordered to pay nearly £5000 for failing to apply for a HMO licence and breaching health and safety laws. The landlord, from Upper Green East in Micham, pleaded guilty to failing to apply for a licence to run a House in Multiple Occupancy (HMO) at the court on Tuesday […]
The post Merton Council fine criminal landlord £5000 for health and safety breaches appeared first on RLA Campaigns and News Centre.
View Full Article: Merton Council fine criminal landlord £5000 for health and safety breaches
Clintons Cards to close 60 stores and seek rend reductions
The High Street:
The High Street woes continue apace as, following on from last week’s Mothercare announcement of administration, Clinton Cards are also in serious trouble.
After intense speculation about the future of the baby goods retailer, it was confirmed last week that Mothercare has fallen into administration, putting about 2,500 jobs at risk and 79 stores could close. However, The Mothercare’s parent company will continue trading as a global operation and possibly online.
Following meetings
with landlords, Clintons’ owners are looking to close over 60
stores and to cut the rent on hundreds more, that’s according to
reports appearing in the press. It seems the company is weighing up
either a Company Voluntary Arrangement (CVA) or full administration.
The Sunday Telegraph reported that 66 shops could close with a further 206 having their leases renewed on performance related rents (turnover rents)* with landlords taking a share of the trading risk, linked to each store’s performance.
An industry source informed Property Week that landlords were unlikely to have been surprised at the approach given that the owner, the Weiss family, which purchased business in 2012, had made little further investment since.
Changing trends
and intense competition
In the case of Mothercare, it’s been struggling to make money on the High Street for many years, with sales have fallen every year since 2012. A whole host of other firms are now offering baby products at lower prices and Mothercare’s range became somewhat outdated.
The competition from supermarkets selling their own lines, such as Asda through its George range and Tesco through F&F and more lately online shopping, is intense. Fashion retailers Primark and H&M both have popular baby wear ranges, while Amazon and Argos dominate the toys market.
What’s more Mothercare’s customers are in the main, young internet savvy shoppers who are very comfortable shopping around for the best prices and value the convenience of buying online.
The greeting card industry has been struggling for some time to stay relevant in the digital age and even leading card publisher Hallmark has announced that it is closing its distribution centre in the US, with 570 jobs losses there – most thought they had a job for life.
Social media has come to the fore in the “personal expressions industry”; it’s faster, cheaper, and now often the preferred means of communication.
*A turnover rents
are calculated by reference to the turnover generated by a particular
store. For this to work the landlord needs access to accurate
turnover information, but tenants do not always provide timely
accounting information. Leases need careful drafting if potential
litigation costs are to be avoided, for example do returns reduce
turnover? These leases vary with either: rent based on a percentage
of open market rent (e.g. 75%) plus a fixed percentage of the
tenant’s turnover to the extent it exceeds the principal rent; or
rent based solely on the tenant’s turnover but with the tenant
guaranteeing a minimum amount of turnover, and usually a cap on the
turnover figure. Alternatively, an agreed base rent with annual
uplifts of the base rent payable, based on any increase in turnover
for the previous accounting period.
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Clintons Cards to close 60 stores and seek rend reductions | LandlordZONE.
View Full Article: Clintons Cards to close 60 stores and seek rend reductions
Tell Licensing I’d like full refunds – I don’t want the houses any more!
Email to Dash accreditation list: Licensing is forcing tenants into homelessness.
Linda, Tell Licensing I’d like full refunds please, I don’t want the houses any more.
Tell em I’m in Mexico for a month. All houses running fine.
The post Tell Licensing I’d like full refunds – I don’t want the houses any more! appeared first on Property118.
View Full Article: Tell Licensing I’d like full refunds – I don’t want the houses any more!
Regulation of short term lets would help landlords
Despite offering opportunities for letting agencies and landlords, the fast-growing short-term lettings market could benefit from regulation, according to PayProp. The professionalisation of short lets, akin to that seen in traditional lettings, is needed to provide the necessary protection for all stakeholders.
The post Regulation of short term lets would help landlords appeared first on Property118.
View Full Article: Regulation of short term lets would help landlords
Safeagent manifesto calls for streamlining not scrapping of licensing
Safeagent, a not for profit accreditation scheme for lettings and management agents, has released it’s own manifesto of policies for political parties to consider promising the Private Rental Sector going into the December general election. Click here to download the full document.
The post Safeagent manifesto calls for streamlining not scrapping of licensing appeared first on Property118.
View Full Article: Safeagent manifesto calls for streamlining not scrapping of licensing
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,739)
Archives
- October 2024 (12)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Defending Landlords from Unfair HMRC Attacks
- The exodus of landlords: How bad does it have to get?
- Renters’ Reform Coalition demands compensation for ‘no-fault’ evictions
- Rescue your Investment and move on: We’ll sell your properties in under 28 Days
- Landlords and second homeowners rush to sell – Zoopla