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Insights - Letting
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.
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A Guide to Valuing Your Buy-to-Let Property for Rent
Location, property size and condition and the features of the home are all factors involved in calculating how much rent to charge. Your online calculation really is only an indication and shouldn’t be considered as a be all and end all rate. Let’s take a look at the key points to consider when setting your rental rate.
Boiler Breakdown Cover: A Guide for Landlords
One of the most costly and time consuming issues for any landlord has to be dealing with boiler callouts. One way of avoiding surprise costs and all the hassle associated with boiler repairs is to take out landlord boiler breakdown cover. Here’s how it works, what it includes, what it doesn’t include, and what to consider when arranging cover.
Renting Property: To Furnish, or Not to Furnish?
One of the key questions for landlords when preparing to rent out a property has to be, to furnish, or not to furnish? It is certainly an important consideration, as it will have a direct impact on the type of tenant you attract, and the amount of rent you can charge. Let’s explore the pros and cons of renting furnished or unfurnished so that you feel ready to make the ultimate choice for yourself.
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?
Landlords: How to Winter Proof Your Rental Property
With temperatures plummeting, so the risk to property damage increases. Winter is therefore a vital time for landlords to put measures in place to safeguard their investment. Let’s take a look at some of the most essential steps you should be taking to protect your rental property during the harshest months of the year.
The Lowdown on Landlord Insurance
Landlord insurance is designed to cover the specific risks faced when renting buy-to-let property. There are different types of cover that address the various types and levels of risks. It’s important as a landlord to know what’s available in terms of insurance, and to ensure you know what you are, and more importantly what you are not, covered for.
