Blogs and advice on Residential Property Management London

Fire, health and safety tips for landlords

Fire, health and safety tips for landlords

As fire, health and safety are extremely important, we have put together these safety tips for landlords. Landlords are responsible for the safety of their tenants. They have to ensure that the property they let is safe to live in. This includes not only the physical...

Maintenance tips for landlords

Maintenance tips for landlords

Whether you are a first time landlord or an experienced property manager, it is important to be proactive when dealing with maintenance issues at your rental property. There are various things you can do to keep your property in a good state of repair and help to...

What are deed of covenants

What are deed of covenants

Freehold properties on managed estates must sell with entering into a deed of covenant that is generally required under the terms of the transfer governing the use of the property and payment of estate or service charges.

The consequence of the above to a property management company can mean that they are unable to recover estate management charges from the new owners that would be payable under the terms of the Transfer.

Positive and Negative covenants

This is similar to residential long leases. Transfer deed that governs freehold properties contain a number of covenants, both positive and negative, that the owner of the property have to abide by.

As the names suggest, a positive covenant places an obligation on the owner to do something, such as paying an estate maintenance charge, where as a negative covenant, requires the owner to refrain from undertaking an action such as not to use the property for a specified purpose.

How to reduce tax?

How to reduce tax?

As the regulations and tax are constantly increasing many of the UK property owners are choosing to sell their properties in the recent years.

Many landlords are missing out on money as they are not taking advantage of tax reliefs or property strategies to maximise their return. Your accountant can work out your tax strategies and execute a tax plan, making it easy for you.

A series of tax and regulation changes mean more buy-to-lets are being sold than bought.

Getting rid of a rental property may cause a lot of tax issues, with many complicated rules that can cost you profits. When a landlord sells he/she gets charged capital gains tax on any money they have made on their property, but there are legal ways to reduce your tax.

Tenants Insurance Policy

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?

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

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

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,...