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”
In case you missed it, the Government has announced plans to end Section 21 evictions. They promise “the biggest change to the private rented sector in a generation”.
Continue reading “Section 21 Evictions to Be Abolished: What Landlords Need to Know”
Many landlords use their own tenancy agreements: sometimes using the same old agreement over and over again for years or even decades!
But the law around renting evolves rapidly and your trusty old contract is probably full of errors.
Continue reading “Three Big Mistakes Landlords Make with Tenancy Agreements (ASTs)”
There are two main ways to end a tenancy. The landlord or the tenant can serve notice, ending the tenancy according to the rules laid out in the contract. Alternatively, both the landlord and the tenant can agree to end the tenancy by mutual agreement.
In the first situation, the rules of the contract must be followed closely because only one party wants to end the tenancy, and the rules of the tenancy agreement are there to ensure this happens fairly and smoothly.
In the second, because both parties are happy to proceed according to new, agreed terms, the tenancy-ending mechanisms in the contract (e.g. how much notice to give) don’t have to be followed. This is called a surrender of tenancy.
Continue reading “Surrendering a Tenancy Agreement by Mutual Consent”
The tenant referencing process in the UK rental market is often seen as a big hurdle to get over before you’re allowed to rent a property. Most people have no idea what happens when they are being referenced or how the result (‘pass’ or ‘fail’) is reached. Continue reading “How Do Tenant Referencing and Credit Checks Work?”