In rental properties, a certain amount of depreciation is unavoidable. Over time, items and the property itself will naturally show some signs of ageing. This won’t be as a result of abuse or neglect by your tenants, meaning they can’t be held responsible for it. This is known as ‘fair wear and tear’. The question… Continue reading What is Fair Wear and Tear For Your Rental Property?
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What is a HMO Property? Houses in Multiple Occupation
If you’re a landlord looking to expand your portfolio, then there’s a good chance you’ve come across the term ‘HMO’ at one point or another. HMO is an acronym that stands for ‘Houses in Multiple Occupation’. The question then, is what is a HMO property? In this article, we’ll be answering this. We’ll also be… Continue reading What is a HMO Property? Houses in Multiple Occupation
What Legal Documents Must a Landlord Provide?
When a landlord rents out their property, they’ll be aware that they must provide their tenants with certain documentation. Failure to provide these documents could result in financial penalties while using outdated or unenforceable agreements could put your property business on the wrong side of the law and create avoidable and uncomfortable tension with your… Continue reading What Legal Documents Must a Landlord Provide?
How to Improve Your EPC Rating | Energy Performance Certificates
In the UK, energy performance certificates (EPCs) are a crucial part of buying, selling and renting out properties. These confirm how energy-efficient your property is (or isn’t). In this article, we’ll be looking at what an EPC is, what an EPC comprises of, along with several tips for improving your EPC rating. Navigate our article… Continue reading How to Improve Your EPC Rating | Energy Performance Certificates
Our Guide to Electrical Installation Condition Reports | What is an EICR?
Faulty wiring is one of the main causes of electrical fires in the home. Because cables are often hidden away inside walls, it can be easy to forget about checking the condition of electrical installations. It’s still important to bear electrical safety in mind though. An electrical installation condition report (EICR) can greatly reduce the… Continue reading Our Guide to Electrical Installation Condition Reports | What is an EICR?
Landlord Tax – What Taxes Do Landlords Need to Pay?
Taxes can be a complicated – not to mention largely unwanted – business. Particularly if you’re a new landlord, getting your head around which taxes you’ll need to pay can take some doing. Missing just one out could result in an appointment with HMRC which we’d all rather avoid. In this article, we’ve gone over… Continue reading Landlord Tax – What Taxes Do Landlords Need to Pay?
Everything You Need to Know About Holding Deposits for Landlords
Holding deposits and the process surrounding them can raise plenty of questions, particularly for first-time landlords. Some of the most common queries include whether they’re needed, how much they should cost, when they need returning and how they differ from tenancy deposits. In this article, we’ve answered all of these questions to fully explain how… Continue reading Everything You Need to Know About Holding Deposits for Landlords
What to Do if a Tenant Stops Paying Rent | UK Rent Arrears
One of the biggest concerns for landlords is tenants who don’t pay their rent. Having to deal with non-payment of rent is a time-consuming and stressful process – one which can also drop landlords into financial difficulty. With this in mind, knowing you and your tenants’ rights, along with the legal process for when rent… Continue reading What to Do if a Tenant Stops Paying Rent | UK Rent Arrears
How to Get a Landlord Gas Safety Certificate | Gas Safety Responsibilities
As a landlord, you’re legally required to make sure the gas appliances, fittings and chimneys/flues in your property are safe for tenants. This can be verified through a gas safety certificate for each gas appliance in your rental property (with each certificate needing to be renewed every year). Without this, you run the risk of… Continue reading How to Get a Landlord Gas Safety Certificate | Gas Safety Responsibilities
Should You Let Your Rental Property as Furnished or Unfurnished? Landlord Guide
There are numerous factors for landlords and letting agents to consider when it comes to letting out a furnished or unfurnished property. You should consider the type of tenants you want to attract, how much you’ll charge for rent and your expenses. Furnished and unfurnished properties both possess unique advantages for landlords and letting agents… Continue reading Should You Let Your Rental Property as Furnished or Unfurnished? Landlord Guide