All rental homes soon to require carbon monoxide detectors

September 15th, 2014

A private member’s bill which would make it a legal requirement to install a functioning carbon monoxide detector in every rental and new build property has had its second reading in the House of Commons. About 40 fatalities occur each year due to carbon monoxide poisoning. A survey from Axa Business Insurance shows that 60% of rental properties have no carbon monoxide alarm.

Full story available from Property Industry Eye: http://www.propertyindustryeye.com/carbon-monoxide-detectors-set-legal-requirement-rental-homes/

RentPro cloud based rental property management software for letting agents and landlords.


Official code on lettings published

September 12th, 2014

Endorsed and commissioned by the UK Government, a new code has been published for the private rented sector. While parts of the code relate to mandatory legislation, most of the code sets out a model for best practice applying to both landlords and agents. Key points relate to agents’ fees, the management of client money and safety checks.

Full story available from Property Industry Eye: http://www.propertyindustryeye.com/important-new-official-code-lettings-published/

RentPro cloud based rental property management software for letting agents and landlords.


Housing minister to unveil new code for the private rented sector

September 11th, 2014

The UK housing minister, Brandon Lewis, will today unveil a new code for the private rented sector designed to provide guidance on how to achieve high standards. Aimed particularly at new and inexperienced landlords, the code will be presented at the RESI 2014 conference in Newport.

Full story available from 24dash.comhttp://www.24dash.com/news/housing/2014-09-11-Brandon-Lewis-to-unveil-new-PRS-code-as-landlords-rake-in-more-than-32-billion-a-year

RentPro cloud based rental property management software for letting agents and landlords


Renewed call for smoke alarms to be fitted in all private rented sector properties

September 10th, 2014

Nick Raynsford, the Labour MP for Woolwich and Greenwich, and former housing minister, has repeated his call for smoke alarms to be installed in all PRS homes. The call comes after a smoke alarm saved a family of eight in London.

Full story available from 24dash.comhttp://www.24dash.com/news/housing/2014-09-09-Renewed-call-for-smoke-alarms-in-all-PRS-homes-after-family-saved-from-flat-fire

RentPro cloud based rental property management software for letting agents and landlords, can you help you keep track of all safety checks within a property.


The Gas Safety Trust calls for landlords to be subjected to more stringent gas safety checks

September 10th, 2014

Research by The Gas Safety Trust revealed that the private rented sector was responsible for the highest number of carbon monoxide (CO) incidents, and has recommended  that landlords should be required  to install CO alarms.

Read the full story on 24Dash.com

RentPro cloud based rental property management software for letting agents and landlords, can assist you with keeping track that all safety checks are carried out before their safety certificates expires.


Over half of tenants have experienced issues with agents and landlords

September 9th, 2014

A new study from the Association of Residential Letting Agents (ARLA) has found that almost two-thirds of renters do not check if their letting agent or landlord is licenced. This simply isn’t a consideration for many potential tenants which could be the reason for many problems that arise during a tenancy. Whilst such problems can occur, using a licenced agent does provide the tenant with additional peace of mind that the issue will be dealt with in a professional and timely manner.

Full story available from Letting Agent Today: http://www.lettingagenttoday.co.uk/index.php?option=com_k2&view=item&id=921:over-half-of-uk-tenants-have-problems-with-agents-and-landlord&Itemid=857

RentPro cloud based rental property management software for letting agents and landlords.


Ministers urged to make Client Money Protection a legal requirement

September 8th, 2014

SAFEagent has called on the government to make Client Monday Protection a legal requirement within the Consumer Rights Bill currently going through the Lords. Currently, no recompense is available if an agent if not covered by a CMP scheme and they misappropriate clients’ funds or use them fraudulently. The SAFEagent scheme was established in 2011 and now has over 3,000 offices registered.

Full story available from Property Industry Eye: http://www.propertyindustryeye.com/housing-minister-urged-make-cmp-legal-requirement/

RentPro cloud based rental property management software for letting agents and landlords.


Green Deal shambles could result in empty properties

September 5th, 2014

The National Landlords Association (NLA) has called for an extension to the deadline for rented properties to reach minimum energy efficiency standards after the difficulties experienced in introducing Green Deal finance into the sector. With this finance currently unavailable, landlords may opt not to invest the necessary funds to ensure their properties comply with the regulations and instead simply leave their properties empty.

Full story available from Letting Agent Today

RentPro cloud based rental property management software for letting agents and landlords.


West Midlands announced as pilot area for immigration checks

September 4th, 2014

The government has announced that the pilot area for landlords and agents to conduct immigration checks on migrant tenants will be the West Midlands, with Wolverhampton and Birmingham being the core centres of the test area. The project will start on 1st December.

When the pilot commences, agents and private landlords will have to vet their tenants to ensure they are legally entitled to reside in the country. Those failing to undertake the necessary checks, or failing to prevent illegal immigrants from renting, could face fines running into thousands or pounds.

Full story available from Letting Agent Today: http://www.lettingagenttoday.co.uk/index.php?option=com_k2&view=item&id=907:pilot-area-announced-for-checks-on-migrant-tenants&Itemid=857

RentPro cloud based rental property management software for letting agents and landlords.


Properties in perfect condition preferred purchase choice for landlords

September 3rd, 2014

Research from HSBC shows that although a property in perfect condition costs on average 43% more than one requiring renovation, this is the preferred option for two out of three landlords when expanding their property portfolios. Also, despite the greater outlay for properties in perfect condition, such properties are proven to be the better investment on average.

Full story available from Property Wire

RentPro cloud based rental property management software for letting agents and landlords.