The Government has announced a raft of measures to support landlords and tenants through the coronavirus emergency. Things are moving very quickly and this guide will be regularly updated as more details emerge.Continue reading “Landlord Guide to COVID-19 Emergency Measures”
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 from 1st June 2019 and cap tenancy deposits to a maximum of five times the weekly rent for the property.Continue reading “How to Partially Repay a Tenancy Deposit and Return Amounts in Excess of Five Week Cap”
High street agents take up to 15% of your rent to manage your property. That can easily be over £1,000 a year, per property. So even if you don’t want to manage the property yourself, you need to ask yourself whether this is good value — and seriously consider the alternatives.
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:
- the holding deposit
- the tenancy deposit
- rent in advance (usually one month’s worth)
‘DSS’ is the lettings industry term for tenants who rely on benefits to pay all or some of their rent. These tenants can find it harder to find homes to rent than tenants in full time employment.
Sadiq Khan, Mayor of London, has published a report demanding he gain the ability to impose rent controls on the London rental market.
On 1st June 2019, tenant fees were banned in England. We’ve always been against charging tenants these unfair fees, so we decided to celebrate with a competition.
OpenRent is giving tenants the chance to win £300 for sharing their worst tenant fees story.
To enter the competition, RT our tweet commenting your worst tenant fee experience using the hashtag #FeeFreedom.
Almost three years since being first announced, the Tenant Fees Act will finally come into force in England on 1st June. A similar law will commence in Wales in September.
This is something OpenRent has been campaigning for since founding in 2012. So we’re in the mood to celebrate!Continue reading “🎉Celebrating the End of Tenant Fees in England & Wales🎉”
From 1st June, landlords will only be able to take five weeks’ rent as a tenancy deposit. This increases to six weeks for properties whose rent exceeds £50,000 per year.Continue reading “Maximum Tenancy Deposit: How to Calculate Five Weeks’ Rent under the New Rules”