Thursday 26 February 2015
Benjamin Franklin, famous statesman and founding father of the United States of America once said, 'in this world nothing can be said to be certain, except death and taxes.' And while Mr Franklin, who was also an author, scientist, printer and a postmaster, was quite right that taxes are unavoidable, he did not know about allowable expenses.
Tuesday 24 February 2015
...or at least, a question which most landlords should consider very carefully before making a decision either way, because there are tangible advantages and disadvantages to both styles of letting. But the first point a landlord should consider is their target rental market. Students, for example, will normally be searching for properties which come with sofas, beds and wardrobes but older tenants and families are more likely to have their own furniture which they will want to bring with them.
Monday 23 February 2015
Last year a private landlord was ordered to pay more than £2,500 in fines and fees following a prosecution by Stoke-On-Trent City Council for failing to provide acceptable accommodation. Stafford Magistrates’ Court was told how Mohammed Rafakat had been renting out a property which was severely affected by rising damp to all ground floor rooms, as well as penetrating damp to the upstairs bedrooms and bathroom.
Friday 20 February 2015
A House in Multiple Occupation, or HMO, is a property in which at least three tenants who form more than one household live and share toilet, bathroom or kitchen facilities with other tenants.
Thursday 19 February 2015
Latest figures from the Office of National Statistics show net migration to the UK between June 2013-14 was 260,000 and whether you consider this figure, which is 22,000 less than the previous year, to be good or bad for the UK, it is important as a landlord to keep in mind some new legislation when renting to foreign nationals.
Tuesday 17 February 2015
For most landlords their tenant’s safety and welfare is of paramount importance but a study by the Electrical Safety Council (ESC) has found that 1.7 million private renters have had concerns over electrical safety either ignored or acted on too slowly when reporting them. The same study found more than 2 million private renters were concerned about electrical safety in their homes.
Friday 13 February 2015
Figures from the Office of National Statistics show that in 2011, the domestic private rented sector accounted for 18 per cent of the housing stock in England and Wales and 8 and 3 per cent of those properties had an F and G Energy Performance Certificate (EPC) rating - below the level of energy efficiency required by the Government.
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