Guaranteed Rent Schemes – Guaranteed Headache?
An East London landlord has experienced the challenging reality of unravelling rent-to-rent or ‘guaranteed rent’ agreements, which is more arduous than commonly believed. The Resolution Department Lead at HFIS handled a case involving a landlord who had entered into a rent-to-rent contract for their detached house, seeking a guaranteed income. However, due to deteriorating relations […]
Safety First
Landlord’s Safety Responsibilities: A Summary of Legal Obligations Ensuring the safety of tenants should be the utmost concern for landlords. To help you understand what is expected of you, we have outlined the key safety considerations and legal obligations you must adhere to. Smoke and Carbon Monoxide (CO) Alarms In England, all rental properties must […]
Maybe it’s because I’m not a Londoner
Introduction: Relocating to a new city is an exciting and life-changing experience, but it can also come with its fair share of challenges. For individuals moving from abroad to live in London, the vibrant capital of the United Kingdom, finding somewhere to live can be a daunting task. In this article, we will explore the […]
London House Prices – up, down….and up again
The London property market is facing a number of challenges in 2023, including rising interest rates, inflation, and a shortage of supply. As a result, house prices in the capital have been falling in recent months. According to the latest data from Nationwide, the average house price in London fell by 0.2% in June 2023. […]
Landlords – ensure you’re insured!
Introduction Being a landlord comes with numerous responsibilities, and protecting your property investments should be a top priority. One crucial aspect of risk management for landlords is having public liability insurance. This type of coverage provides financial protection and peace of mind against potential liabilities that may arise from accidents or injuries that occur on […]
The Holy Land of the Metaverse…do you want some??
Real estate has traditionally been a significant component of investment portfolios for many individuals. However, in addition to physical properties, today’s investors are also considering an alternative type of asset—virtual land. Building a portfolio of virtual real estate has the potential to become the next big trend for those willing to embrace new technology. Virtual […]
Sharing is Caring
Maintain a Tidy Living Space: To avoid disagreements, it’s important to compromise on cleanliness standards. Establish some ground rules for communal areas and communicate your preferences for maintaining a minimum level of cleanliness. Consider using a cleaning rota to ensure everyone contributes equally to household chores. Organise Bills and Utilities: Agree with your housemates on […]
To Sublet or not to Sublet?
Responsibilities If you decide to sublet your rental property, you will become a “mesne tenant,” assuming the role of a landlord for the subtenant. As a mesne tenant, you have certain responsibilities. Firstly, you must conduct right-to-rent checks on the subtenant, collect rent from them, and address any reasonable repair requests they may have. Additionally, […]
The Joys of Being a Landlord!
Introduction: Being a landlord in the United Kingdom comes with its own unique set of joys and difficulties. On one hand, it can be a lucrative investment opportunity, providing a steady stream of income and potential long-term financial stability. On the other hand, it requires a significant commitment of time, effort, and legal responsibilities. In […]
Tenants! Know your rights
Understand Your Rights: As a tenant in the UK, you have certain legal rights that protect you. Familiarize yourself with the laws and regulations governing tenants’ rights, such as the Landlord and Tenant Act 1985 and the Housing Act 1988. This will help you know what you’re entitled to and ensure your landlord meets their […]