Landlord boiler cover Landlord boiler cover can reduce stress and give you peace of mind when managing your property portfolio. If a boiler breaks down, then it is a matter of scrambling to get a plumber as quickly as you can. The annual boiler service reduces the frequency of breakdowns when you have a central heating cover. It is …
Letting agent redress schemes (LARS) Complain to an independent redress scheme if your agent does not resolve a complaint about their service regarding your rental property. What is a (LARS) letting agent redress scheme? This scheme can resolve disputes between property agents and their customers regarding rental property. Both property managers, landlords and tenants can complain to a scheme. The …
How to Manage rental property finances The main goal of most rental property owners is to have a stable income and profit. As a real estate investor, there are loads of things that need to be kept in mind to achieve a profitable and successful rental business. Even though rental business is considered as a passive income business, rental business …
Coronavirus UK – Will Our Housing Market Crash 2021? Until very recently, the UK housing market was at its strongest before the EU referendum. It is good to be optimistic; however, we must not delude ourselves to the reality of a pending financial crisis due to the Coronavirus. Few commentators, nevertheless, are making upbeat predictions for our housing market performance …
Tax for furnished holiday lettings The ongoing British “staycation boom” is welcome news for furnished holiday lettings (FHL) property owners throughout the UK. Although international travel restrictions brought by the COVID-19 pandemic have been a key driver in 2021, the UK furnished holiday lettings market has shown strong, growing demand for years. That is expected to continue. The UK furnished …
What is an EICR? It is an abbreviation for an electrical installation condition report (EICR). The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force on 1 June 2020. It and applies to all tenancies created on or after that date in England from 1 July 2020. The regulation requires residential properties to have a …
Tenant Deposit dispute & deposit deducts: Introduction After the tenant has successfully paid the deposit, the landlord needs to protect the deposit in a government-backed tenant deposit protection scheme. Even if the tenant has paid part of the deposit and not paid the remainder promised deposit you must protect within 30 days what you have received. Many landlords make the …
Ark Compliance Ark Compliance is a hassle-free way to track and store all your essential compliance documents. Designed specifically for landlords, Ark Compliance will automatically detect which documents you have uploaded and remind you when they’re due for renewal. And even better – it’s FREE! Ark Compliance is the #1 place for landlords to know they’re compliant and comes with a raft …
Forfeiture of Lease 2021 It is possible for a landlord to unwittingly lose the right to forfeiture of lease by taking steps that recognise the continued existence of the lease. This is where the landlord or an agent acts explicitly by recognising the continued existence of the lease and communicating this to the tenant. However, under the Coronavirus emergency legislation, …
How do I insure multiple rental properties? With multi-property landlord rental property insurance, it is easier to manage and is likely to be cheaper. Some insurers do offer Landlord insurance policies that are one policy that covers all your rental properties. You will be able to choose the levels of cover you require that best suits your need. Public liability …
