What does Brexit mean for buy to let?
Brexit is likely to see a significant drop in house prices as sellers sit tight and wait to see how the property market reacts. (more…)
Service Charge, Administration Charge and Ground Rent Demand Notice
Introduction Freeholders of blocks of flats that are sold on long leases (greater than 21 years) from 1st October 2007 (England) and 30 November 2007 (Wales) are required to provide a summary of rights and obligations in the form of a notice typewritten in at least 10-pt. This prescribed form must accompany any demand for a service or ...
Corporate Lenders Jump on Buy to Let Bandwagon
The property media is rife with the idea that landlords are turning to owning property with a company in a bid to avoid tax changes. (more…)
The Flood and Water Management Act 2010 makes significant changes to who is liable to pay water bills. In particular it will affect property owners. What's changing? The Flood and Water Management Act 2010 adds a new section 144C to the Water Industry Act 1991 . Currently, the "occupier" is the liable person for water bills (Guild members ...
Right to Set Off
Fearns (t/a “Autopaint International”) v Anglo-Dutch Paint & Chemical Company Ltd & Ors EWHC 2366 (Ch) Set off One of the main problems of the notice seeking possession (section 8 notice) usually used for rent arrears claims is the tenant’s make a claim against the landlord for random disrepair issues, often never previously ...
7 New or Changed Prescribed Forms From April 2015
From 6 April 2015, the Assured Tenancies and Agricultural Occupancies (Forms) (England) Regulations 2015 changed prescribed forms made under the Housing Act 1988. The effect of this is to create different prescribed forms for England and Wales (although the section 13 rent increase form was always different). Yesterday (6 April 2015) we ...
Top 3 Building Insurance Claims For Landlords
Storm damage repairs are the top buildings insurance claim for landlords, says a new survey. (more…)
Claiming Compenstation – SUCCESS LETTER !!
Where a landlord makes a request to a local authority for direct payment of housing benefit because the tenant is 8 weeks or more in arrears, often payment is made in error to the tenant. When the landlord complains, often the LA states that they cannot pay twice. Guidance is provided earlier in this section about seeking "compensation" ...
Stagnant Buy to Let Rents Predicted to Keep Rising
Average buy to let rents were up in 2016 – but the rate of increase has slowed to just 1.12%. (more…)
Draycott v Hannells 2010
Please note: if any case is on or after 6 April / 6 May 2012 this may not be reliable although some parts should remain useful. Thanks to Painsmith blog for bringing this to everyone's attention. Draycott v Hannells Lettings Ltd EWHC 217 (QB) At the time of writing this article, this is the first binding decision on tenancy deposit schemes