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Insights - Guaranteed rent
What is a Property Manager and how do they Support Landlords?
Thinking of starting a property rental business and wondering whether to employ the services of a property manager? Read on to learn precisely what’s involved in a property manager’s role, and how using a property management company could benefit you as a landlord in numerous ways.
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End of Furlough Warning for Landlords – Time to Guarantee Rent?
A leading lettings industry figure has warned landlords that, as the government’s furlough scheme is set to draw to a close in just a few weeks’ time, considering some form of rent guarantee insurance should feature as a priority if they want to plan ahead and avoid financial voids where tenants suddenly become unable to cover their rental payments.
In What Circumstances can a Landlord Change the Locks?
When tenants fall into rent arrears or cause damage to a property, it can be tempting for landlords to change the locks to keep them out. However, taking such steps could prove to be a serious mistake, making it all the more difficult to gain the permissions necessary to legally evict a tenant and landing you in trouble with the law. Can a landlord change the locks? Let’s explore the subject in detail.
Can a Tenant Run a Business from a Rental Property?
With so many people now working from home due to the COVID-19 pandemic, this does of course raise the question for landlords as to whether tenants should be allowed to start running a business from a rented property. Let’s take a look at what the law says, and the important considerations every landlord needs to make when considering allowing tenants to use their home as a place of business.
Breathing Space: Debt Respite Scheme to Prevent Landlords From Chasing Unpaid Rent
From 4th of May 2021, a new government scheme will come into force that will give anyone with a problem debt a legal right to protection from creditors. This includes tenants who are in rent arrears with a debt owed to their landlords. The ‘Breathing Space’ arrangement, otherwise known as the Debt Respite Scheme, will allow debtors time to find a solution to their financial issues.
How to Deal with Tenant Rent Arrears
Tenants not paying rent is an all too common issue, especially during challenging economic times. But there are some simple steps to follow that will help you navigate your way through the problem, and there are even some strategies that are designed to prevent unpaid rent in the first place.
Government Confirms Major Leasehold Changes on the Horizon
Significant changes to English property law and specifically leasehold legislation are set to be introduced as the Government is poised to radically overhaul the system, making it easier and less costly for landlords and property owners to extend leases or convert them to freehold or commonhold in the future.
A Landlord’s Guide to Right of Entry
A lot of landlords are of the opinion that because they own a property, they have an automatic right of entry without first gaining permission from the tenant. There are however clear rules and regulations that dictate when a landlord is allowed, and not allowed, to enter a property, and when tenant permission is required to do so.
Deposit Replacement Schemes Explained
It is often challenging for prospective tenants to find the necessary deposit to secure a property. Even though the Tenant Fees Act 2019 capped deposits at five weeks’ rent, it can still be a considerable sum to gather together. It is no wonder then that the deposit replacement scheme has become a viable alternative for tenants. But how do these schemes work, and should you be relying on them as a landlord?
How UK Planning Law Reforms Could Benefit Property Investors
In its report titled Planning for the Future published in late summer, the government detailed plans for upcoming changes to the planning system in England. The reforms are set to streamline and modernise the planning process and should also spell good news for anyone interested in property investment. Let’s explore why.
