Mistake in Tenancy Agreement Contract – Rectification
Sometimes mistakes happen when drafting a tenancy agreement. A typical question may be: I advertised a property at £450pcm. The particulars showed this amount and so did the advert. On signing the tenancy, the tenant also paid £450 first months rent and £450 deposit....
Slip Of The Pen Errors
The information contained in this article is scattered around the website so this acts as a consolidating exercise to make the information contained within easier to find. This article looks at slip of the pen errors on notices and some brief case-law. Most of...
Revealed – How Much Extra Tax Landlords Will Pay This Year
How much mortgage interest relief impacts landlord tax is a postcode lottery with those in London and the South and East paying more than the rest. Worst hit is the South East, where experts have crunched the numbers to reveal buy to let and shared house owners will...
Housing Minister Reveals More Letting Fee Ban Details
Holding deposits are excluded from the upcoming letting fees ban, says Housing Minister Alok Sharma. In a recent House of Commons debate, he confirmed draft legislation is nearly ready but the deposits will not form part of the new rules. The minister also revealed he...
Stricter Buy to Let Borrowing Rules for Portfolio Landlords
Tougher buy to let borrowing rules come in for buy to let portfolio landlords from the end of September 2017. The measure impacts borrowers with three or more mortgaged buy to let properties who want to take out new loans. Under the new rules, individual and corporate...
Landlords Need to Treat Buy to Let as a Business
Buy to let landlords need to take a more professional approach to running their property as many are unaware of scathing new tax changes impacting their businesses. A new study reveals that many of Britain’s estimated 2 million landlords have no plans to make...
What Happens if Your Tenant Takes in a Lodger?
Finding out a tenant has sub-let a room in your buy to let to a lodger is worrying for some landlords. The new occupier is an unknown and comes with fears of breaking right to rent laws, the implications of losing control of the tenancy and if they are a suitable...
Red-Tape Tangle That Ties Buy to Let Landlords in Knots
Landlords and letting agents are often accused of working in an unregulated market – but their critics fail to realise more than 145 property laws tie their businesses in red tape. Add to this special rules for taxing property rental profits and specific industry...
Property Wealth Puts Landlords Among Britain’s Richest
Property investors are among the country’s wealthiest individuals – and those born before 1966 are the best off of them all, according to a new report. Although only one in 10 of the population are multiple home owners, 52% are aged 50 or over. And the number of...
Letting Agent Pays £20,000 Over Shared House Licence Sham
A letting agent has to pay £20,000 for handing shared house tenants licences instead of tenancy agreements in what is thought to be the first prosecution testing the issue ever. Islington Council, London, took the case to court to test the theory that tenants in...
Britain’s Property Wealth Tops £10 Trillion
A rise in house prices of 4.9% in the past 12 months has helped push Britain’s household wealth to more than £10 trillion. Research shows that wealth has risen an average £143,059 for every household since 2006 and at a faster rate than the retail price index...
Thousands of Landlord Tax Cheats Caught in Licensing Scheme
Thousands of landlords who have failed to pay tax on their rental problems face having their names passed to HM revenue & Customs by councils running licensing schemes. The move was revealed by East London’s Newham Council, which has shared the registration...
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We’re really sorry but only subscribers may ask a question or view the answers. Please login or signup to ask a questionChecklist of what to do at the end of the tenancy
This entry is part 21 of 21 in the series Granting an Assured Shorthold TenancyWhen the tenancy has ended, the following should be considered: The notice to quit from tenant Ensure the notice to quit provided by the tenant is valid. As a quick guide, the notice may...
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