It's fair to say as a private landlord you'll spend a lot of your time thinking about the rent. Will the tenant pay it this month? Am I charging enough? And probably the biggest question. Should I raise the rent?
As a private landlord, you have a duty of care towards your tenant. You also have legal obligations too. Many of them concerning safety standards. In this article, we'll look at landlord legal requirements, the rules regarding safety and the Fitness for Human Habitation Act. In short the obligations, you have to provide a safe and secure home for your tenant.
The new tax year, which started last month on the 6th April, has seen a host of tax changes, including amendments to capital gains tax and income tax. Here’s what you need to know about the reduction in mortgage interest tax relief.
It is definitely true to say that, over the past five years, the BTL game has changed. Increasingly onerous taxation and legislation and regulation have driven a “professionalisation” of the sector.
When a new tenant moves into your property you must serve them with specific paperwork. This is a legal requirement. But serving the correct documents at the start of the tenancy will also protect yourself. Here are the documents (may vary in Scotland) you need to serve.
There's no legal requirement for you to have landlord insurance. But to not have it is reckless in the extreme. Landlord insurance will protect you against the unforeseen and helps safeguard the large investment you made in your property business.
As a private landlord, you'll appreciate the benefits a long-term tenant brings you. Steady and reliable income, no worries about having to find a new tenant every six months and someone who'll appreciate and look after your property.
A tenant abandoning a property is a nightmare scenario for any private landlord. It opens up a whole can of worms. There are legalities to consider which don't always seem ...
As a landlord, you know how harmful void periods can be. But equally, you'll be aware they're inevitable. The trick is to minimise them. You need to take steps to protect your business by putting strategies in place to reduce the time your property is empty.
In this article, we'll provide some tips for landlords looking to sell their property and how to break the news to their renters.
In two months time, the Tenant Fees Act will come into force. This means certain fees associated with letting a property will be banned.
When building a portfolio or purchasing their first buy to let property most landlords will operate in their local area. This is perfectly understandable. They know the market and being local makes it easier to manage their properties. But not all landlords stay close to their roots. Long-distance landlords can be based hundreds of miles away from their rentals.
