A ban on letting fees was announced back in 2016, so why isn’t it in place yet? Our infographic explains all…
Tenant referencing checks may seem like a long and daunting process, but there is nothing to worry about as long as you are honest when filling out the details.
Tenant referencing helps the landlord learn more about your financial situation and employment status so that they can determine if you’ll be able to pay the rent in full and on time. Being referenced shows that the landlord is professional and takes their responsibilities seriously. Continue reading “How to Speed Up Tenant Referencing”
Two Kinds of Deposit Protection Scheme
There are two kinds of scheme that landlords can use to register a rental security deposit: custodial and insured.
The main difference between them is simple. Under a custodial scheme, the money is held by the scheme provider; under an insured scheme, the landlord can keep the money in their own bank account during the tenancy.
Confused about rental fees? There’s holding fees, security deposits, a month’s rent up front, admin fees… and that’s all before you’ve even managed get your hands on the keys!
For tenants, it can feel like all parties are trying their best to extract a share of your hard-earned cash.
A Failed Rental Reference Doesn’t Mean the End of the Road
It sounds confusing, but just because a tenant fails referencing or a credit check, it doesn’t necessarily mean that letting your property to them is a bad idea.
Finding the right tenants is the main challenge of being a private landlord, and referencing is the best tool at your disposal. But the Pass or Fail on your referencing report isn’t the be all and end all of whether an enquiry will turn out to be a good tenant.
Here to take us through just how to interpret the result of your referencing report is Priya Gill from UK referencing company Rentguard.
After redeveloping old farm buildings into a portfolio of 18 rented properties, William was faced with spending tens of thousands just to find tenants for his new properties.
With our £29 Ultimate Advertising plan, we helped William let two of his properties in under a week, saving him over £7,000 compared to his previous agents!
Landlords are seeing a big increase in regulation. Over the last few years, there have been many changes to housing licenses, minimum property standards, immigration checks and more.
Many landlords fear that they have forgotten to do something important. So we’ve made a checklist of legal landlord responsibilities you must perform when letting a property. The checklist ensures that you can easily check whether you are fully compliant with the law.
A section 21 notice is one of the most common ways for a tenant to be evicted from an assured shorthold tenancy in the UK. This one passage of housing law has had a huge impact on millions of landlords and tenants, but it has a troubled legal history. Here to take us through it is legal expert Tessa Shepperson. Continue reading “Section 21: Eviction, Possession & Notice to Quit”
Most residential lettings in England and Wales are arranged as an Assured Shorthold Tenancy (AST) – an agreement introduced by the Housing Act 1988, and subsequently updated by the Housing Act 1996. When an AST is established, the document everyone signs to agree terms is often referred to as an AST as well.
From beginners’ questions to the finest details, this post tells you everything you need to know about Houses in Multiple Occupation. Continue reading “Houses in Multiple Occupation (HMO): Licensing, Rules and Definition”