Blogs and advice on Residential Property Management London

Tenant fees Act

Tenant fees Act

Where do you stand with tenancy agreements signed before 1st June?There is a 12-month transition period on fees to allow landlords and agents to make appropriate arrangements for existing tenancies. How to exercise right to manageWhat can I charge for after the tenant fee ban comes in to effect?Only certain payments are permitted once the Tenant Fees Act comes into force. There are also restrictions on many of these:Holding deposit (capped at one week’s rent and subject to conditions)RentSecurity deposits (up to five weeks’ rent if the annual rent is less than £50,000, and six weeks’ otherwise)Payments to change the tenancy at the tenant’s requestPayments for early termination of the tenancy at the tenant’s requestPayments for utilities, broadband, TV, phone and council tax (must be no more than the cost of the service)‘Default fees’ for replacement of a lost key or security device, and interest charges when rent payments are at least 14 days late (these must be stated in the tenancy agreement). HMO Fire Safety and Health Regulations

How to exercise right to manage

How to exercise right to manage

How to qualify for Right to Manage In order to qualify for the right to manage, the premises must be a self-contained building or part of a building, with or without appurtenant property; contain two or more flats held by qualifying tenants (e.g. those with leases...

Buy to let mistakes

Buy to let mistakes

In this article, we talk about property investment we are referring to buying and holding for the long-term, as in 10 years or more, rather than an entrepreneurial activity where one buys with a view to renovate and sell. There are many buy to let mistakes you can...

Evicting a tenant and recovering the rent

Evicting a tenant and recovering the rent

Evicting a tenant can be very difficult. Discover how to do it, recovering the rent and which factors to take into consideration. If the tenant does not leave on or before the possession date, you can instruct a High Court Enforcement Officer to start the enforcement...

Landlord Tax on holiday lets

Landlord Tax on holiday lets

As per the new regulations, there are additional taxes on buy to let properties. They hit landlords heavily because many items are no longer tax-deductible. Also, the reduction in tax breaks as it is making traditional buy to let less attractive. Landlords who have...