The Tenant Fee Act 2019 and what you need to know
The Tenant Fee Act is now in force from the 1st June 2019. The Tenant Fees Act sets out the Government’s approach to banning letting fees for tenants. The key measures of the Act include: Tenancy Deposits must not exceed the equivalent of five weeks’ rent (unless the annual rent exceeds £50,000 in which case…
Can I give my property to my children?
Considering gifting a property to your loved ones? Make sure you understand the financial implications first. Before giving a property to your children, make sure you understand the rules, and any costs involved. Otherwise, what could be a wonderful gesture can leave a bitter financial taste. There may be a number of reasons you want to…
What every landlord should know about Right to Rent
Landlords are currently responsible for vetting their tenant’s legal right to rent in the UK under a Government scheme. Here’s how it works. Right to Rent, a government scheme which makes landlords responsible for checking their tenant has a legal right to rent in the UK, is ‘in breach of the Human Rights Act’, according to a recent High…
Rent your spare room tax-free
Got a spare room and in need of a little extra income? Using the Rent a Room scheme to get a lodger could be worth considering. What is Rent a Room? Landlords typically get taxed on income they earn from renting property. But under the Government’s Rent a Room scheme, householders could earn an income…
Tenants beware of growing rental fraud
Prospective tenants are being warned about a fraud scam that cons people into paying an advance fee to rent a property. The National Landlords Association says it’s been contacted by several individuals who have fallen victim to the scam, where fraudsters have used NLA branding and fake letters from NLA representatives to make their approaches…