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What is an inventory? An inventory is a written and photographic record of a property’s condition at the start of a tenancy and also includes details about cleanliness, meter readings and confirming that smoke alarms and carbon monoxide detectors are in the correct locations and fully working order. Why do I need an inventory? To…
Updated How to Rent Guide Released
A new “How to Rent” guide has been released by the Department of Levelling Up, Housing and Communities today, 2nd October 2023. Updates to the guide include advice on how to access free legal aid services, advice and support, regardless of financial circumstances. The most recent How to Rent guide must be provided to tenants…
Service & Pricing Update – June 2023
We’ve had a record year since we last wrote to you. Our managed service has gone from strength to strength, and the demand for our tenant-find only service continues to grow. We have seen a significant increase in landlords switching to us from both High Street and Online Agents, who tell similar stories about poor…
Renters (Reform) Bill Overview
The Government’s long awaited Renters (Reform) Bill has now been published. You can read the full Bill by clicking here. Landlords are concerned, to put it mildly. The Bill has only had its First Reading. There are a multitude of further stages, both within the House of Commons and the House of Lords before the…
Licensing for Rental Properties
There are three different types of licences that may be required for a rental property. You should check with your local council to see if any apply to your property. Click here to begin. Bear in mind also, that a council’s licensing requirement can change over time, so just because you don’t need one now,…
Rightmove Rental Trends Tracker: Q1, 2023
Over the past year rents have increased on average by a massive 9.4%, though this has slowed recently, with the last quarter accounting for only 1.5% of this rise. Outside of London, the average asking rent has reached a record high of £1,190 pcm, and within London, the average asking rent is just over £2,500…
Updated How to Rent Guide – March 2023
Effective immediately, the Government has released an updated version of the How to Rent Guide. This must be issued to tenants on or before the start of any new tenancy (including renewals). You can access the newly release How to Rent Guide by clicking here.
Petition to Reinstate Tax Relief Allowing Mortgage Interest to be Set Against Rental Income
UKALA is urging letting agents to sign a parliamentary petition calling for the Section 24 changes (for buy-to-let landlord taxation) to be scrapped. Launched by Simon Foster, a Midlands-based landlord, the petition calls on the Government to enable landlords to offset all the running costs against their tax, as they were able to do up…
Carbon Monoxide Detectors to Become a Legal Requirement in Rental Properties
The Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022 came into force on 1 October 2022. From this date, all relevant landlords must now: 1. Ensure at least one smoke alarm is equipped on each storey of their homes where there is a room used as living accommodation. This has been a legal requirement in the…