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”
Even tenants who seem totally reliable on paper can become unable to pay the rent. When this happens, Rent Guarantee Insurance becomes incredibly important. Continue reading “What Is Rent Guarantee Insurance & Why Do Landlords Love it?”
Renting in the UK is unrecognisable from 15 years ago. Properties can be let in just one day – or even a few hours. You just need to know the best times to advertise.
We’ve used OpenRent data to reveal the best month, week, and day to advertise your rental property. Continue reading “When Is the Best Month, Week & Day to Advertise Your Rental Property?”
Universal Credit is rolling out across the UK, with huge consequences for landlords and tenants – yet many are still in the dark about what the new benefit system means for them. Continue reading “8 Things Landlords NEED to Know about Benefits (‘DSS’)”
On 1 December, Scottish landlords will no longer be able to sign a new Short Assured Tenancy. Instead, they will have to sign a new type of agreement to create a tenancy: the Private Residential Tenancy. Continue reading “Private Residential Tenancy: Scotland’s Strict New Grounds for Eviction”
A Bill with plans to make big changes to how landlords can let properties in England has passed its Second Reading. At the centre of the plans is a ban on tenant fees, including admin and agency fees.
Continue reading “Tenant Fees Ban: What Landlords Need to Know”
We’ve launched a new Rent Calculator! It tells you the rental value of any property, anywhere in the UK. Simply enter your postcode plus a few details.
Landlords! Find the perfect rental price in seconds
Tenants! Easily research rental prices across the UK
Continue reading “Rent Calculator: Set the Perfect Rental Price in Seconds”
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.
Continue reading “Deposit Protection Schemes: a Guide to Custodial & Insured Security Deposits”
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 we take you through how to interpret the result of your referencing report for high-risk tenants.
Continue reading “How Let to Tenants Who Failed Referencing”
Many DIY 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.
Tick off everything on this new landlord starter checklist, and relax – you’ll have done everything you need to do when setting up a new tenancy! Continue reading “Checklist: Landlord Responsibilities When Renting Out Property”