by news | Mar 10, 2021 | Commencing Tenancy
When setting the initial rent it can be useful to look at the Local Housing Allowance (LHA) rates for similar properties. Go to the Valuation Officer (VOA) site (used to the Rent Officer). Put in the post code, and submit. Then click on ‘List of Rents’ to view a graph...
by news | Mar 10, 2021 | Commencing Tenancy
Allowable Fees Since June 1st 2020 all AST’s are severely limited on the fees that can be charged to tenants. Note that this applies to landlords and agents. Summary Limit tenancy deposits to five weeks’ rent (6 weeks’ for rents > £50k) Limit holding deposits...
by news | Mar 10, 2021 | Commencing Tenancy
Inventories If you propose to charge the tenant anything at the end of the tenancy (within the terms of the Tenants Fee Act it must be stated in the AST that a charge might be made, and you must be able to prove the claim. Whether it goes to court, or adjudication,...
by news | Mar 10, 2021 | Commencing Tenancy
If you take a deposit for all AST’s you must:- Protect the deposit with an approved scheme, and Give tenant and all interested parties the prescribed information about their deposit and the deposit scheme. Within 30 calendar days of physically receiving it (from April...
by news | Mar 10, 2021 | Before Commencement, Insurance, Management options, Permission to let
The three required permissions are:- If a leasehold property, read the lease – it might not allow permission to let.May have to obtain the permission of freeholder. Inform any joint owners – be careful if the property has been inherited by more than one person,...
