News Archive for August 2021

Advice for landlords carrying out right to rent checks during the coronavirus (COVID-19) pandemic.

This update replaces previous guidance issued on 23 June 2021. The temporary COVID-19 adjusted right to rent checks will now end on 5 April 2022.

Written by: Jinay

Plans to change minimum EPC rating on rental properties pose huge problems for the sector

Plans to change minimum EPC rating on rental properties pose huge problems for the sector

Written by: Eye Correspondent 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