Writings for Landlords
Most, if not all, landlords will charge their tenants a deposit. There is no legal obligation to do so of course but it does provide a sense of security. And tenants do expect to have to pay a deposit. So most landlords are used to dealing with them. Yet despite it being the law since 2007 some still don’t realise that they must register their tenant’s money with a deposit protection scheme.
New buy to let landlords are often surprised their insurance costs more than a normal home policy. And some don’t take out a specialist landlord policy but instead rely on their existing cover. As we’ll see this is a mistake. But firstly what is the difference between home and landlord insurance?
MakeUrMove was named runner-up in the Best Online Agency category of the 2018’s Property Wire Awards.
As a buy to let landlord you have made a significant investment in your business. It makes sense to maximise the rental income to make a profit.
One of the great things about being a landlord is having numerous options as to how you structure and manage your property business along with access to professional services that can be taken on a pick n’ mix basis, depending on the landlord’s individual situation.
For a landlord finding a new tenant is always a stressful time. Especially when you have multiple candidates to choose from. You need to make the right decisions.
The period between tenants is a busy one for a landlord. You need to prepare the property for the next tenant, find the new tenant and sort out all the paperwork. You need to return the former tenant’s deposit and credit check and reference check the incoming tenant. All while ensuring the property is empty for as short a period as possible.
When you describe your property you need to be aware about the legal implications of your description in a number of ways. One thing to consider is what is considered to be included in a furnished property. Many of MakeUrMove’s landlords often ask whether a fridge is considered furniture in a rented property.
It’s been reported that house prices across Greater London have dropped by around 15% over the past year in some of the first evidence that Brexit is beginning to have a dramatic impact on the UK’s housing market and more broadly, the economy. So what do landlords need to know about the changing housing market?
As a landlord, you might want to ask for a holding deposit from your tenant in order to enable them to secure the rental property.
