Are You Putting off Good Tenants with High Upfront Costs?

deterring tenants from applying to your property with high cost move in moneys

A great way to put tenants off your property is to demand a big lump-sum payment before they can move in. This lump-sum is usually the amalgamation of:

  • Holding deposit
  • Security deposit (six week’s rent)
  • First month’s rent upfront
  • Agency fees
  • Referencing, inventory, etc.

It isn’t uncommon for these fees to add up to well over £2,000 per tenant. Continue reading “Are You Putting off Good Tenants with High Upfront Costs?”

Right to Rent: Why You Should Check Before the Tenancy Agreement Is Signed

UK right to rent for tenants and landlords explained

Since February last year, 2016, if you are a landlord, you have a new job.  As well as being a landlord you are also an immigration officer for the government!

The Immigration Act 2014 imposes on all landlords in England (including lodger landlords) the obligation to find out whether the proposed occupants have a ‘right to rent’ property in the UK.

Continue reading “Right to Rent: Why You Should Check Before the Tenancy Agreement Is Signed”