Should You Let Your Tenants Keep Pets? 5 Pros and Cons

Letting tenants keep pets has become a sticking point for landlords concerned about upsetting the neighbours and protecting their property from avoidable wear and tear. But with an estimated 78% of pet owners reportedly having difficulty finding properties which allow their fluffy friends, permitting pets brings a raft of benefits too. This includes happier tenants, longer leases, and more revenue due to fewer renting gaps and the ability to charge higher rent. So with 46% of UK renters owning a pet, can you afford to exclude almost half the market? Here’s a list of pros and cons to consider before More ›

Fire Safety Advice for Landlords: Keeping Tenants Safe

In the wake of the recent Grenfell Tower tragedy, you may be concerned about ensuring the safety of your tenants. We’ve put together the following fire safety advice for landlords to help you. What are my responsibilities as a landlord? All landlords have legal obligations regarding fire safety. The legislation that applies to you will depend on the type of property you own and who lives in it. The principle pieces of legislation that cover fire safety in housing are the Housing Act 2004, the Regulatory Reform (Fire Safety) Order 2005 and the Smoke and Carbon Monoxide Alarm (England) Regulations More ›

A Clearer Picture of Letting Agent Fees

A Clearer Picture of Letting Agent Fees Tenants spend approximately £175 million a year on letting agent fees, and until recently agents were only required to disclose their fees when asked. New rules introduced in May 2015 brought an end to hidden charges and made it easier than ever for landlords and tenants to shop around for their preferred agent. Under the new Consumer Rights Act, all letting agents must clearly display their fees, including VAT, at their business premises and on their website. Greater transparency for landlords and tenants The rules were introduced to provide greater transparency for prospective More ›

Tenancy Deposit Schemes: What You Need to Know

Tenancy Deposit Schemes: What You Need to Know Before the Housing Act 2004, there was no formal scheme for the administration of deposits on rental houses in the UK. Until the Act was introduced, many deposits were partially returned or not returned at all, a state of affairs many tenants felt was unjust. To ensure that landlords would safeguard their tenants’ deposits, the government introduced tenancy deposit schemes, which apply to all tenancies that began on or after 6 April 2007. The change meant greater protection for tenants at the end of their tenancy. Here’s how it works. Tenancy deposit More ›

Landlords: 5 Ways to Make More Money From Your Rental Property

Landlords: 5 Ways to Make More Money From Your Rental Property Would you like to increase the rental income from your property but aren’t sure how to justify a price hike? Here, we explore 5 of the easiest ways to not only attract the best tenants but also to increase the amount of rent you can charge on your property. 1.Make the garden into an additional room Particularly during the summer months, a cosy and attractive garden space can really help to sell your rental property. Spruce up the garden with some affordable outdoor lighting; create a designated entertaining space More ›

Assured Shorthold Tenancy Agreements

Assured Shorthold Tenancy Agreements: A Guide For Your Reassurance Most private residential leases made on or after 28 February 1997 are Assured Shorthold Tenancy Agreements (ASTs). They are the most common way to rent a residential property in the UK, but what do they mean for landlords and tenants? Like any tenancy agreement, an AST contains all the usual terms about rent, payment, the length of the tenancy (minimum 6 months), notice periods and who is responsible for repairs. The key differences between ASTs and other types of tenancy agreements are the rules around deposit schemes and the way in More ›