tenant-hiding

Deposits – When is damage ‘Wear and tear’?

If there is a single event that vexes landlords most it’s when a property is deliberately or carelessly damaged by tenants during a tenancy. This ranges from broken furniture to cracked windows both of which a post-tenancy inventory inspection will flag up and the relevant deduction will be made from the deposit. But there are a host of other types of damage that are in a much greyer area.... Read more

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How to win deposit deduction battles

The three approved deposit protection schemes are well established but most landlords don’t want to go through the pain of arbitration if damage to a property is contested after a tenancy ends. So how to best win arguments about this before the legal paperwork starts flying? The functionality argument They say: Tenants may argue that a damaged kitchen top, for example, still... Read more

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A quick guide to Premium Listings

- What is a Premium Listing on RightMove? Rightmove Premium Listings mean that a property is highlighted to feature more prominently to attract interest. In practice this means when a tenant sees their search results the premium listing will be highlighted with a red rosette and a different coloured background. Most importantly, 3 photos of the property are visible rather than the usual... Read more

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Guest post: Do first-time buyers ever think home ownership is possible?

The Government’s ‘Help to Buy Scheme', which brought forward plans to add to purchaser’s deposits from January 2014 to October 2013, was met with much interest. Eager first-time buyers, who felt that they might be able to get on the housing ladder, were quick to enquire. You can find out if you are eligible for Help to Buy here. One major mortgage lender reported that, since the... Read more

Council High Rise

Guest post: Understanding HMO

With the rental market’s recent acceleration showing no signs of letting up and the slew of new landlords still on the rise, owning an HMO has never seemed more attractive. As properties that cater for a higher number of tenants, landlords of HMO’s – a ‘House in Multiple Occupation’ – tend to see far higher profit margins than other types of residential lettings. But while the... Read more

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Ten tips from the top

James Davis set up Upad.co.uk after twelve years spent as a private landlord having started at just 22 year old with his first buy-to-let investment after graduating from university. Here he reveals his top ten tips for fostering good relations with tenants. 1. Maintain an open dialogue from the start Doing this will minimise any disputes further down the line. 2. Ensure your tenants can... Read more

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Tenant survey reveals the good (and bad) landlords

The research As the government prepares to regulate the private rented sector more closely with a code of practice and a draft Tenant’s Charter, the UK’s largest online letting agent, Upad.co.uk publishes research into what tenants believe makes a good or bad landlord. Upad asked 720 tenants what they thought made an ideal landlord and the answers highlight the qualities that tenant... Read more

Hotel-Room

Guest post: A quick guide to property inventories

A property inventory should now be considered an important part of the renting process for landlords and tenants if both parties wish for a content and hassle free relationship. With the number of people living in rented accommodation on the rise across the UK this is a relationship more people are having to live with every day and that is why a full property inventory is now even more vital than... Read more

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The legal process

How to evict a tenant Getting rid of a problem tenant is relatively straightforward in the UK but nevertheless still a frustrating, expensive and long process. And that’s even though UK law arguably favours the landlord rather than the tenant during the process when compared to countries such as Germany and France. So how does it work? Each type of tenancy agreement follows slightly different... Read more

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How to avoid it going wrong in the first place

Prevention is always preferable to cure and it’s particularly true for landlords given that the average cost of evicting a tenant is £900 for court fees and – with an average of four months’ lost rent per eviction on top – a total of £3,500. Therefore, to avoid such financial horrors, the best strategy is to try and reduce the likelihood of an eviction. Here’s our guide to the... Read more

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What to do when tenants stop paying?

What to do when tenants stop paying Tackling tenants who can’t or won’t pay their rent is a possibility every landlord dreads but for nearly 100,000 a year it is one that turns into reality, it was revealed by the Rent Arrears Tracker report published recently by a leading chartered surveyor firm. The eviction process is long and drawn out and at a minimum takes two months to complete even... Read more

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Lending to landlords jumps by £1.1bn

Recent figures from the Bank of England reveal that new lending to landlords has jumped by 1.1 billion year on year, confirming that the buy to let market ‘boom’ continues despite worries over future interest rate rises. From April to June of 2012 buy-to-let lending totalled £3.9 billion while, for the same period this year the total was £5 billion, an increase of 28%. All the dials... Read more

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Guest post: Rental property market increases by 89%

New research findings show that more and more people are renting their homes, and in the last ten years the number of people renting their homes has risen by an astounding 89%. The new data also shows that increasingly more areas are proving popular with renters, and not just in London. People are choosing to rent all over the country, largely because high house prices are excluding them from... Read more

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A quick guide to landlord insurance

As the number of landlords has increased in recent decades from a couple of hundred thousand in the 1970s to over 1.5 million today, so the range of policies and number of insurers within the landlord insurance market has increased. Once a market supplied mostly by smaller and specialist insurers and brokers, as the lettings market has expanded so landlord insurance is now a competitive... Read more

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Are landlords to finally get a real rental index?

One tricky task that self-service landlords face is to gauge what their property should be put on the market for. Happily, this conundrum is to be solved soon by a government rental index set to be soft-launched later this year. This follows a two-year review of all housing indexes by UK National Statistician Jil Matheson who, as well as making a national ‘private rental index’ one of the... Read more