Step-by-Step Guides for All Three Deposit Schemes
The Tenant Fees Acts (2019) brought in a cap for tenancy deposits. The rules apply to new tenancies and renewals from 1st June 2019. They will apply to all tenancies, including ongoing ones, from 1st June 2020.
The new rules cap tenancy deposits to a maximum of five times the weekly rent for the property. Any deposit held above the cap of five weeks’ rent after 1st June 2020 will be considered a prohibited payment. Prohibited payments bring the risk of a £5,000 fine per payment.
Continue reading “How to Partially Repay a Tenancy Deposit and Return Amounts in Excess of Five Week Cap”
Many rented homes suffer from black mould and condensation on windows, frames and walls. But what causes damp and how it can be treated? And who is responsible for getting rid of it?
Continue reading “How to Get Rid of Damp, Mould and Condensation in Rented Homes”
This guide to the legal concept of joint and severally liable tenancies was written by Clara Zang and Salmaan Hassanally, practising barristers at 4-5 Gray’s Inn Square Chambers.
Continue reading “Joint and Severally Liable Tenancies: a Guide for Landlords, Tenants and Guarantors”
Landlords often ask us how to switch from their current letting agent to OpenRent. It’s really simple.
Continue reading “Switching to OpenRent from Upad”
Confused about rental fees and costs? When you are about to rent a property, there are several different types of payment you will have to make. The main four are:
Continue reading “The Difference Between Holding Deposits and Tenancy Deposits (and Fees)”
- the holding deposit
- the tenancy deposit
- rent in advance (usually one month’s worth)
If you choose to use our Rent Now tenancy creation service, then you’ll be using our standard contract. It’s an industry-leading contract that has been designed to reflect best practice while also meeting the needs of real landlords.
Continue reading “How to Add Custom Clauses to OpenRent’s Contract (AST)”
What is a Section 13 Notice?
Section 13 is a way for landlords to increase the rent they charge for a property. It refers to Section 13 of the Housing Act (1988).
Landlords can only use Section 13 for assured periodic tenancies. These are tenancies that are not within a fixed term. For example, the fixed term may have expired, meaning the tenancy has automatically become a periodic tenancy.
Continue reading “How to Increase the Rent by Serving a Section 13 Notice”
Setting up a new tenancy can be confusing. Rules and laws have probably changed since the last time you let your property — especially with the introduction of the Tenant Fees Act (2019).
Continue reading “A Guide to Holding Deposits for Landlords”
When you move into a new rented property, one of the first bits of life admin you will have to deal with is the inventory.
But most tenants are not actually sure what an inventory is or what it’s meant to do. I see a lot of questions from tenants about this, like:
Continue reading “A Tenant Guide to Inventories and Check-ins”