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Average Rent Data Conflicts Are Too Confusing
Conflicting data from a flurry of rent surveys sparks the question of who landlords should believe. The surveys are just three of an increasing number published each month by mortgage lenders, letting agents and trade bodies vying for space in a crowded media. The...
130,000 HMOs Breaking Licensing Laws
Landlords are breaking the law by renting out tens of thousands of shared homes without house in multiple occupation licences in London. New research suggests 310,000 shared homes in the capital should have a licence but only 58% of landlords have bothered to make an...
Upad Closes – Here’s What Landlords Should Do
Online letting platform Upad has closed promising to hand over tenant deposits and other landlord monies. The firm has stopped trading after more than a decade in the lettings market. Owner James Davis, 43, has decided to shut the business rather than seek a sale...
Courts Dish out Thousands in Fines to Rogue HMO Landlords
Courts have handed out fines of tens of thousands of pounds to landlords flouting housing law in recent weeks. Letting agent Orange Living Ltd, trading as Loc8me, in Loughborough was fined £80,000 and ordered to pay £3,690, at Leicester Magistrates Court. The firm...
Homes Worth £43 Billion Inherited Every Year
More people inherit residential property than any other asset, according to new research. But only the wealthiest families with estates of £2 million or more pass on residential property, which comprises an average fortune of £1.6 million. Every year, wealth of £80...
Judge Clears Up HMO Licensing Confusion
A judge has settled an argument about the date when a house in multiple occupation is defined as not having a licence. The question has dogged housing courts as the offence occurs sets the time limit for starting proceedings and serving court papers on landlords. Now,...
Rents Hit Record High as House Prices Slump
Rents are on the rise for thousands of private tenants as a change in the law begins to bite landlord finances. The tenant fees ban started in England in June and Wales in September and has triggered record rents every month since, says letting agent trade body ARLA....
Renters Don’t Want To Buy Their Own Homes
The future of buy to let is rosy, according to new research that suggests tenants don’t want to buy homes of their own. Only 42% of tenants say they would like to buy a home - meaning around six out of 10 intend to carry on renting. The most likely not to buy are...
Email Auto Signatures Can Make a Contract Binding
Electronic signatures automatically generated on emails have the same legally binding force of law as a handwritten signature, a judge has ruled. Sitting at Manchester Civil Justice Centre, Judge Pearce ruled signature blocks on email messages show the sender intends...
How To Use Electronic Signatures In Tenancy Agreements
On 21 July 2016, the Law society published a practice note titled: Execution of a document using an electronic signature. It has been prepared by a joint working party of the Law Society Company Law Committee and the City of London Law Society Company Law and...
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