News Archive for March 2020

Call for 80% rental income guarantee for small landlords

Call for 80% rental income guarantee for small landlords

Written by: Eye Correspondent Source: Property Industry Eye

Coronavirus Act 2020 – Government Guidance for landlords, tenants and local authorities

Coronavirus Act 2020 – Government Guidance for landlords, tenants and local authorities

Written by: Jinay

Repairs and Maintenance - work carried in out in other people’s homes - update

Repairs and Maintenance - work carried in out in other people’s homes - update

Written by: Jinay

Agents ‘told’ to close offices and cancel viewings while removals firms advised to call off home moves

Agents ‘told’ to close offices and cancel viewings while removals firms advised to call off home moves

Written by: Rosalind Renshaw Source: Property Industry Eye

What will the ‘furlough’ scheme mean – and what are the possible problems?

What will the ‘furlough’ scheme mean – and what are the possible problems?

Written by: Rosalind Renshaw Source: Property Industry Eye

Student tenants quit rental homes in droves as universities close down teaching

Student tenants quit rental homes in droves as universities close down teaching

Written by: Rosalind Renshaw Source: Property Industry Eye

Britain closes down: Shops shut, orders to stay at home – everything changes

Britain closes down: Shops shut, orders to stay at home – everything changes

Written by: Rosalind Renshaw Source: Property Industry Eye

Fees

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - SafeAgent Membership :A2134

Property Redress Scheme Membership details - The Property Ombudsman, Membership Number : L00086