Blogs and advice on Residential Property Management London
Tenants Insurance Policy
Renting a home can be a great experience; you have a place to live, and the landlord takes care of maintenance and repairs. Yet if you were a victim of theft, or there was a flood or fire in your home, the landlord's insurance will usually only cover damage to the...
What are landlords’ rights?
Landlords, or their managing or letting agents, have certain rights as well as responsibilities when it comes to their tenants, just as tenants have obligations to their landlords. What are the legal rights of landlords? As a landlord you have the right to increase...
What is client money protection for landlords
All letting agents in England are required to belong to a client money protection scheme when they hold client monies. This scheme provides insurance to landlords and tenants in the event the agent steals money from their clients.
Below guide provides a primer for agents on what they need to do to comply with these regulations, what are the potential penalties for not complying, and which schemes are available.
Changes to ground rent charges
Good news for those looking to buy a home – the Government is implementing significant changes to property law on charging ground rent on new leases in England and Wales under the Leasehold Reform Ground Rent Act (LRGRA 2022). When it comes into force on 30 June 2022,...
What are cleaning disputes at the end of a tenancy
The expected level of cleanliness of a rental property at the end of tenancy is generally open to interpretation. This is possibly why so many disputes adjudicated by the tenancy deposit scheme are about cleanliness levels.
When it comes to cleaning your rented home, your landlord or letting agent should only expect you to clean the property to its standard when you moved in while accounting for general wear and tear.
Whether you hire a professional cleaner to do the job or decide to do it yourself, it’s essential to ensure to have an inventory report to compare before and after a tenancy from a cleaning point of view.
Who is a good property manager
People can be busy with their lives, work and family commitments that thet simply do not have time to look after a property. Property managers take over landlords responsibilities so that they can get on with their lives and focus more important matters in their lives.
What should you look for in a property manager;
Experience: It is important to find out how many properties are in their portfolio? How long have they been wortking for the same company? You want a property manager who has a long term history with the company, who is knowledgeable and consistent and above all responsible.
What is a property redress scheme?
A Redress Scheme is a system which allows consumers/customers/clients to escalate a complaint they have against the member of a particular scheme. All property professionals, estate agents and property agents that carry out lettings, estate management and property...
Fair wear and tear guide for landlords
Wear and tear must always be differentiated from wilful or negligent damage caused by the tenant to decide what level of costs can be proposed at the end of a tenancy.
Fair wear and tear is reasonable use of the premises by the tenant and the ordinary operation of natural forces. Below guide will give an understading of the term fair wear and tear from a landlords perspective.
What is normal wear and tear in a rental property
A tenants responsibility is to take proper care of the place he/she is renting. A tenant must do the little jobs at the place which a reasonable tenant would do. In addition, he must not damage the property wilfully or negligently; and he must ensure his family and guests do not damage the property and if they do, the tenant must repair it.
If the property falls into disrepair through fair wear and tear or lapse of time, or for any reason not caused by him, the tenant is not liable to repair it.
