Guarantors or Rent Upfront: A Landlords GuideWhen letting out your properties, you are likely to receive offers from tenants that don’t pass the affordability criteria during the referencing checks, leaving them with two options. Either a Guarantor or an upfront...
How to conduct a viewing at your rental property?One of the most crucial steps in renting out your property is conducting viewings. This is your opportunity to showcase your property to prospective tenants and find the right fit for your investment. However,...
What to do if a prospetive tenant fails a credit check?Finding the right tenant is crucial to the success of your rental business. A credit check will help you determine if the potential tenant is financially responsible and has a good credit history, so conducting...
Who Can Be a Guarantor? Everything Landlords need to knowBeing a landlord is not an easy job, and it comes with several responsibilities. One of these responsibilities is finding the right tenant for your property. In some cases, you may require a guarantor to ensure...
What Guarantor References are needed? A Landlords GuideIt's important to protect your investment by ensuring that your tenants are reliable and can pay their rent on time. One way to do this is by requiring a guarantor, who can provide an added layer of security in...
When your tenants may need a Guarantor: The Landlord's GuideOne of your main priorities as a landlord is finding reliable tenants who will pay rent on time and take care of your property. However, there are times when even the most promising tenants may need a...
What is a Guarantor? A guide for LandlordsRenting out a property can be a risky business. Tenants may fail to pay rent, damage your property, or even disappear without notice. That's where a guarantor comes in. A guarantor is someone who agrees to pay the rent or...
What's the meaning of let agreed? Everything a Landlord needs to knowAs a landlord or tenant, you may have come across the term "Let Agreed" during your property search or rental process. Let Agreed is an important concept to understand, as it can impact both...
Affordability Checks: A Guide for LandlordsAs a landlord, it's important to ensure that your tenants can afford to pay the rent on time and in full. Affordability checks are a crucial tool for landlords to make informed decisions about their tenants, reducing the risk...
How to negotiate rental offers as a LandlordNegotiating rental offers from tenants is an essential part of managing your properties. By negotiating effectively, you can maximise your rental income, build positive relationships with tenants, and reduce vacancies. In...
Tenant referencing: a guide for landlords & rentersLandlords use the information presented to them in reference reports to assess an applicant’s suitability as a tenant and to mitigate the risk inherent in granting use of their property to strangers. The basic...
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Financial Risks of Ignoring Maintenance IssuesThe Financial Risks of Ignoring Maintenance Issues as a Landlord Owning a rental property can be a profitable venture, but it also comes with specific legal responsibilities. Under section 11 of the Housing Act 1985,...
8 Essential Strategies to Boost Your Property's Eco-FriendlinessIn the quest to mitigate the effects of climate change, it has become paramount for property owners to enhance the green credentials of their homes. Whether you're a homeowner or a property investor and...
Top Tips to Increase Rental Value in Your PropertyIt's a well-accepted truism that property is an exceptional investment, but how does one maximise returns on this investment, especially when it comes to rental properties? This article will provide you with invaluable...
Identifying Your Prospective TenantsThe Evolving Tenant Landscape As we navigate through 2023, the nature of the tenant landscape continues to shift, with notable changes observed in tenant demographics, behaviours, and preferences. Understanding these evolving trends...
Prospective Increase in Stamp Duty SurchargeAs the political climate shifts, so too does the prospect of fiscal legislation. Today, we delve into the realm of property taxation, specifically focusing on the potential for a substantial increase in the stamp duty...
Understanding 'Bills Included' TenanciesThe Increasing Popularity of 'Bills Included' Tenancies In the current rental market, 'bills included' tenancies are gaining traction. Offering an all-inclusive rental package, this type of agreement simplifies budgeting for...
HRMC to Investigate Landlords Tax LiabilitiesIn a recent development, Her Majesty's Revenue and Customs (HMRC) has embarked on a large-scale investigation, as Landlords become the focus once again. The Government department is using data from tenancy deposit schemes...
The Complete Guide to Understanding HMRC Investigations for LandlordsUnderstanding HMRC investigations is a vital part of ensuring your financial affairs are in order, especially as a landlord. The process can be daunting, and the more informed you are, the better you...
Potential Impacts of the Renters' Reform Bill on the Student Accommodation MarketThe Renters' Reform Bill is set to bring about monumental changes to the UK's private rented sector. This legislation promises to revamp the existing rules for landlords and tenants, with...
A Landlords Guide to the Tenant Fee ActThe Tenant Fee Act is an important piece of legislation in the United Kingdom that has significant implications for landlords. This act aims to protect tenants from unfair fees and ensure transparency in the rental market. In...