9 signs of a good tenant – How best to manage my property?

1- Pays the rent fully and on time
A good tenant pays the rent on time. The landlord-tenant relationship revolves around regular rent payments in exchange for a place to live, and paying the rent on time. Most likely, the landlord depends on the rent to make the mortgage payment on the rental property so a late payment would be an inconvenience. 

1- A good tenant pays the rent fully and on time

A good tenant pays the rent on time. The landlord-tenant relationship revolves around regular rent payments in exchange for a place to live and pay the rent on time. Most likely, the landlord depends on the rent to make the mortgage payment on the rental property so a late payment would be an inconvenience.

Unexpected costs of being a landlord

2- A good tenant treats the property as if it is his own

A good tenant takes pride in ownership of the property. By taking care of it, they will ensure the return of their deposit and also builds a great landlord-tenant relationship and keeps the property in tip-top condition.

Are you planning to evict your tenant?

3- A good tenant communicates maintenance issues clearly and immediately

Even a small leak can turn into a big expensive problem for a landlord. A tenant must notify their landlord when they notice any maintenance issue that requires attention immediately before it becomes a bigger issue.

How to handle bad tenants?

4- A good tenant has a low maintenace behaviour

While a landlord values great communication from their tenant, a tenant who is demanding and needing constant attention would drain your energy. A dream tenant tries to resolve issues on your own, just read your lease and  follow lease terms, before contacting your landlord.

Section 21 and section 8 notices

5- A good tenant does not allow anybody to live with him who is not on the lease

The lease agreement is designed to protect both the landlord and the tenants. It needs to be signed by individuals over 18 living in the rental property. A good tenant would notify the landlord of anyone moving into the property.

Best way to deal with rent arrears

6- A good tenant keeps the property clean and tidy

A good tenant will keep the property clean, pest-proof and cause no damage it. If the tenant does not handover the house cleaned and in good condition, therefore the tenant would be liable for repairs and cleaning. How to chose the best tenants

7-  A good tenant renews the lease.

Managing tenant turnover is expensive and time consuming for a landlord. A dream tenant will want to renew their lease and occupy the property for a long time.

How to attract the best tenants?

8- A good tenant keeps up with tenant maintenance.

While the majority of maintenance responsibilities fall on the landlord, tenants may be required to:

  • maintain some appliances,
  • manage lawn care,
  • change air filters
  • or replace smoke detector batteries,

it all depends on the lease. A tenant’s maintenance responsibilities should be outlined in the rental agreement so they understand their contractual obligation in regards to maintaining the property properly. Buying a property to develop and rent out

9- A good tenant follows lease terms.

A standard lease will prohibit any illegal activity on the property or any behaviour that threatens the safety of the community. A good tenant will uphold these rules as well as other lease terms. Other lease terms that a bad tenant might break typically involve pets or loud parties that disturb neighbours. Beyond failure to pay rent, lease violations like these constitute legitimate grounds for eviction, which is expensive and stressful for all landlords.

West London Property Networking

Please contact Pelin Martin to book a 30-minute free property consultation on

+0208 994 7327

pm@bluecrystallondon.co.uk

Unexpected costs of being a landlord for residential property management London

Sometimes landlords underestimate the costs involved in letting out their properties.
Estate agency fees
Many estate agents change 8-10% per annum for finding a tenant, it doesn’t generally end at the agency finding you a tenant, you may be liable for paying for the finders fee year after year of the tenants tenancy. You may also be liable for paying a deposit registration fee.

Sometimes landlords underestimate the costs involved in letting out their properties.

Estate agency fees

Many estate agents change 8-10% per annum for finding a tenant, it doesn’t generally end at the agency finding you a tenant, you may be liable for paying for the finders fee year after year of the tenants tenancy. You may also be liable for paying a deposit registration fee.

Are you planning to evict your tenant?

Replacement of furniture and white goods

When an inventory is carried out upon the start of a tenancy, the inventory clerk makes a list of items that are in the property, any item that breaks, it is the landlords responsibility to replace it, this includes sofa, wardrobes, fridge freezer and similar items.

How to handle bad tenants?

Service charges and major works

Flats and some freehold houses within gated developments are responsible for paying service charges. Some of the service charges include hot water and heating, which results in high service charges for the landlords. At times, you may be hit with high service charges due to major works as roof replacement, window changes and communal area updates. These will eat up your rental income from the property.

What are section 21 and section 8 notices?

Unaccounted maintenance costs

Wear and tear can cause leaks in the roof, leaks in the bathroom and kitchen or even flooding in some areas. As a landlord you need to have funds available in case of unexpected such costs.

What is the best way to deal with rent arrears?

Mortgage interest relief

Section 24 is diminishing landlords rights to offset mortgage interest costs against tax gradually over the next 3 years.

How to attract the best tenants?

Freeholder costs

A freeholder can charge you fees for renting out your property if subletting is not permitted by the freeholder, depending on the lease. You may also be liable for paying lease extension fees depending on how long your lease is.

Tax implications for expat landlords

 

Property Management

We speak with many landlords who are far away from their property, some simply have no time to manage a property, some had enough of managing their own property for many years and decided it is time to hand it over to a property manager. The cost of a property manager is between 5-8% of the annual rent, simply an amount many of the landlords have not accounted for.

How to keep your tenants happy?

Section 21 notices

You may decide to have the 21 notice served by a solicitor and if it goes to court you would be liable for £355 court fees that was unaccounted for.

What is West London Property Networking

Please contact Pelin Martin to book a 30 minute free property consultation on

+0208 994 7327

pm@bluecrystallondon.co.uk

How to evict a tenant in the UK: the 4 steps of the tenant eviction process

How to evict your tenant with your London Property Management? So what steps should you take to make this happen…….and stay in control.

The tenant eviction process can be a particularly tough situation to face: so here are the 4 steps you need to follow to know how to evict a tenant in the UK.

Write a tenant eviction notice.

You must give a minimum of two months’ notice under section 21 of the Housing act 1988 if you want to evict your tenant. This is also known as a Section 21 notice. (For further reference, check How to handle bad tenants). It can only be served by a landlord earlier than any fixed term if the tenancy agreement makes provision for it.

How to write an eviction notice to a tenant

The precise form of the notice to evict tenant letter can differentiate, but it must be in writing and must specify the date of required possession. This date must not be sooner than two months after the notice has been served. It also mustn’t be earlier than the end of the fixed term.

If the fixed term has expired, or the tenancy was periodic, the date specified must be the last day of the rental period.

It’s very easy to get the date wrong in this situation, so be careful because if the date is wrong, then you won’t succeed in possession. For further reference, check Section 21 and section 8 notices

Evict a tenant using a court possession order.

If the tenant doesn’t move out as a result of the Section 21 notice, you’ll have to go to court to seek a court possession order.

How do I get a possession order?

The court can’t make a possession order in the first six months of the tenancy.

For an assured shorthold tenancy you need to have grounds for eviction and to have served the proper notice on the tenant before possession proceedings are started.

There are several mandatory grounds for possession, but two that are most commonly used are these:

  1. Shorthold tenancy If the tenancy is an assured shorthold tenancy, you’re entitled to a possession order after the fixed term has expired, provided the proper Section 21 notice has been served.
  2. Rent arrears If there are serious rent arrears at the time of service of the notice (Section 8 notice), and at the time of the court hearing, the tenant is in arrears of rent of more than eight weeks. A Section 8 notice requires possession because of rent arrears. For further reference, check The best way to deal with rent arrears

Evict a tenant using accelerated possession

You can also opt for an accelerated possession procedure.

The accelerated possession proceeding is a quicker way to gain possession as there is no court hearing, but you will need to pay a fee before the action can commence. For accelerated possession, you need to fill in a for N5B at the county court of the area that the property is situated.

The court will then post the papers to the tenant, along with a form of reply allowing them to lodge an objection if they would like to within 14 days.

If successful, you will get an order for possession (normally enforceable 14 days after the order was made) and an order that the tenant pays the court fee.

From the issue of proceedings to receipt of the order for possession, these proceedings normally take between six and ten weeks assuming nothing goes wrong. For further reference, check How to choose the best tenants

Professional tenant eviction service and notice servers

Sometimes a tenant will not answer the door so can’t have notice served on them. You can deal with this by taking a witness and put the notice through the letterbox before 5 pm. It is then taken into consideration to be served on the following day.

You can always choose a professional service over doing it yourself. By using this service you will receive a certificate and the fees for this type of service is fairly reasonable. For further reference, check How to attract the best tenants

What is West London Property Networking

For any doubt on London Property Management contact Pelin Martin to book a 30-minute free property consultation on

+0208 994 7327

pm@bluecrystallondon.co.uk

How to handle bad tenants with your residential property management London

When all goes well, a buy-to-let property can make a great investment. While you need to maintain the property well, you can earn a decent return. However, the main problem landlords face is tenants failing to pay the rent – either on time, or at all.

When all goes well, a buy-to-let property can make a great investment. While you need to maintain the property well, you can earn a decent return. How to deal with rent arrears

However, the main problem landlords face is tenants failing to pay the rent – either on time, or at all.

While the number of tenants in arrears is falling, there are still 67,000 tenants who are more than two months behind on their rent. How to choose the best tenants

He explains: “You can’t go round to the property and make any threats but you should ring the tenant the day after you haven’t received your money on the due date set out in the contract.

After speaking with them, put your conversation on an email, using the ‘delivery and read receipt’ button to prove they received your message. If they don’t respond, then advise the tenant in writing you will be visiting the property to meet and discuss the problem. How to attract the best tenants

Bear in mind, just because you haven’t received your rent, doesn’t mean it is the tenant’s fault. There may be a problem at the bank, they may not have received their salary on time, there may have been a change in their personal circumstances, make sure you speak to the tenant first before taking any official action.

There is always something that can be done, if a tenant causes problems for the neighbours, you’re actually legally obliged to take steps to solve the problem and, if necessary, to evict the tenant. How to choose the best tenants

If legal action is required, do take decent legal advice if you have no previous experience of evicting a tenant; getting the procedure even slightly wrong could cost you a fortune.

There are two ways of evicting a tenant. You can issue either a Section 8, or a Section 21. A Section 8 is typically used when a tenant is in rent arrears, especially if your tenant has only been in the property for a few months. Other reasons might include being a nuisance to neighbours. how to buy a property to develop it and let it out

A Section 21 is normally employed to guarantee that you can secure the property when you are letting under an assured shorthold tenancy; the difference from a Section 8 is that you are under no obligation to give a reason for requiring the property back. Find out more about Section 21 and section 8 notices

Sometimes just writing a letter to the tenant including a Section 8 or 21 Notice and advising them that action will be taken is often sufficient to encourage the tenant to leave the property.

You must ensure you have protected the deposit right from beginning of the tenancy. If you have not both protected the deposit by registering it through the Tenancy Deposit Scheme and also provided, in writing, the correct information about it at time of tenancy renewal, then the judge may refuse your eviction notice. How can you keep your tenants happy

Prevention is always the best option. Keep an eye on the property by visiting every three months

By visiting regularly, you’ll also build a relationship with your tenant and it might provide you with advanced warning of any potential problems that could turn into major issues if left unchecked. How to ensure your property is safe

If you want to avoid bad tenants then learn to pick the best ones.
1. Check expenditure versus income via three months of bank statements
2. Watch out for forged references, passports or driving licences
3. Make sure work references are valid – contact the employer switchboard rather than ringing a direct dial to make sure you’re speaking to the person you think you are
4. Research a tenant’s rental history through sites such as 5landlordreferencing.co.uk
5. Closely match tenant pay day with the rent due date.

What is West London Property Networking

Please contact Pelin Martin to book a 30 minute free property consultation on

+0208 994 7327

pm@bluecrystallondon.co.uk

Section 21 and Section 8 notice

You can evict tenants who have an assured shorthold tenancy using a Section 21 or Section 8 notice, or both. It is important to know the difference. Use a Section 8 notice if your tenants have broken the terms of the tenancy.

You can evict tenants who have an assured shorthold tenancy using a Section 21 or Section 8 notice, or both. It is important to know the difference.

Use a Section 8 notice if your tenants have broken the terms of the tenancy.

You can use a Section 21 notice to evict your tenants either:

  • after a fixed term tenancy ends – if there’s a written contract
  • during a tenancy with no fixed end date – known as a ‘periodic’ tenancy
  • A solicitor can give you advice on which notice to give.

You can’t use a Section 21 notice if any of the following apply:

  • it’s less than 6 months since the tenancy started
  • the fixed term hasn’t ended, unless there’s a clause in the contract which allows you to do this
  • the property is categorised as a house in multiple occupation (HMO) and doesn’t have a HMO licence from the council
  • the tenancy started after April 2007 and you haven’t put the tenants’ deposit in a deposit protection scheme
  • the council has served
    • an improvement notice on the property in the last 6 months
    • a notice in the last 6 months that says it will do emergency works on the property

You also can’t use a Section 21 notice if you haven’t given the tenants copies of:

Giving tenants a Section 21 notice

You must give your tenants the Section 21 notice by filling in form 6a if the tenancy started or was renewed after 30 September 2015.
You can also write your own Section 21 notice. If it’s a periodic tenancy, you must explain that you’re giving notice under Section 21 of the Housing Act 1988.

How much notice you need to give

A Section 21 notice must always give your tenants at least 2 months’ notice to leave your property.
If it’s a periodic tenancy, you must also let your tenants stay for any additional time covered by their final rent payment.

After you give notice

Keep proof that you gave notice to your tenants – either:

If your tenants don’t leave by the specified date, you can use your completed N215 or notice to apply for an accelerated possession order.

Section 8 notice of seeking possession

To give your tenants notice using a Section 8, you must fill in a ‘Notice seeking possession of a property let on an assured tenancy or an assured agricultural occupancy’. Specify on the notice which terms of the tenancy they’ve broken.
You can give between 2 weeks’ and 2 months’ notice depending on which terms they’ve broken. Also, you can apply to the court for a possession order if your tenants don’t leave by the specified date. You can get legal advice on how to fill in a Section 8 with the correct notice periods and how to give it to your tenants. Speak to your solicitor.

Join us for property networking…network with professionals.

Please contact Pelin Martin to book a 30 minute free property consultation on +0208 994 7327,  pm@bluecrystallondon.co.uk