Industry welcomes new proposals for UK landlords

May 22nd, 2015

The National Landlords Association (NLA) has welcomed new proposals concerning immigration that will impact the country’s private rented sector. They include powers for councils to crack down on unscrupulous landlords, allowing landlords to evict illegal migrants more quickly and the roll out of the Right to Rent scheme. A new mandatory licensing scheme for landlords is also included, along with a consultation on cancelling tenancies when visas expire.

Full story available from Property Wire: http://www.propertywire.com/news/europe/ujk-landlords-immigration-rules-2015052210540.html

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


Guidance for agents in relation to display fees

May 21st, 2015

With the legal requirement to display details of all charges on websites and in offices coming into force on 27th May, the Association of Residential Letting Agents (ARLA) has created a set of templates to assist agents. The templates are available here:

http://www.arla.co.uk/news/may-2015/download-the-arla-template-and-display-your-fees/

Official guidance states that fees should be visible in an agent’s office so that they can be clearly seen by customers. Furthermore fees must be comprehensive and clearly defined. All costs must include tax.

Full story available from Letting Agent Today: http://www.lettingagenttoday.co.uk/breaking-news/2015/5/help-for-agents-who-must-display-fees-from-next-week

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


Number of housing prosecutions in Newham council far exceeds all other London boroughs put together

May 13th, 2015

London Property Licensing, a property consultancy specialising in licensing regimes for privately-let properties, says there have been 580 housing prosecutions in London under the Housing Act 2004 in the three years to March 2014.

The most active five councils are Newham with 359 prosecutions, Haringey with 57 prosecutions, Camden on 20, Redbridge on 19 and Southwark with 15.   Whilst eight London councils have taken no Housing Act 2004 prosecutions over this three year period – Barking & Dagenham, Bexley, Brent, City of London, Enfield, Havering, Merton and Richmond upon Thames.

Read the full story on Letting Agent Today

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


Speculation mounts re roll-out of immigration check requirements

May 11th, 2015

Speculation is mounting that the pilot immigration checks that must be performed by letting agents and landlord in the West Midlands will be rolled out across the rest of the country as early as this summer. With the Conservatives now having a majority government, the obligation for landlords and letting agents to identify if a potential tenant has the right to reside in the country may soon be introduced across the UK. The tenant referencing product offered by AdvancedRent, and accessible from within RentPro, already includes such a check.

Full story available from Letting Agent Today

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


UK landlords reminded of important legal issues to consider when renting out property

April 28th, 2015

Residential property lawyer at Slater and Gordon, Samantha Blackburn said: “As demonstrated by recent reports owning a buy-to-let property can lead to solid returns for landlords, however there are some important legal issues to consider when renting out your property.”  Deposit Protection and the impending right to rent checks are two areas that she points out as of concern to landlords.

Read the full story on Landlord Expert

If a deposit is not protected a landlord can be liable for up to three times the value of the deposit.  If they rent out a property to illegal immigrants without carrying out the checks they will be liable to fines of up to £3,000 per illegal occupier.  Getting these two areas wrong could be costly for a landlord, with RentPro however you can get full tenant reference carried out by Advanced Rent that also checks for their right to rent and instead of taking a deposit a landlord could avail of Deposit Replacement Insurance.

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


ARLA agents expressing concern over Labours tenancy proposals

April 27th, 2015

The Association of Residential Letting Agents monthly PRS report has found that 72% of its members believe that Labour’s proposed three-year tenancies with a cap on rents will see landlords pull out of the market, and lead to a decrease in the supply of rental property.   Three quarters of ARLA members (74%) believe the proposed three-year tenancy agreements with rent controls and strict rules to make it more difficult to evict tenants will not actually benefit tenants at all and almost two fifths (37%) of ARLA agents agree that the Conservatives’ pledge to build 200,000 new starter homes offered at 20% discount to first-time-buyers would be best for the private rented sector.

Read the full story on Property Reporter

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


Deadline for landlords to register deposits

April 20th, 2015

The UK Government is currently running a 90 day amnesty for landlords who have yet to put their tenants’ deposits into an official scheme. It is thought that up to a third of landlords in England and Wales are not registered with a deposit protection service despite the legislation being in place since 2007. After the June 23 deadline, fines worked out at three times the initial deposit will be applicable. In addition to the possible penalties, landlords who fail to register deposits will be left powerless if they want a tenant to leave at the end of a tenancy as they will be deemed to have failed in their obligations.

Full story available in The Telegraph: http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11532831/Landlords-have-two-months-to-register-deposits-or-face-3600-fine.html

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

 


Labour’s proposals for longer tenancies not thought through….

April 17th, 2015

Rob Ellice, CEO of easyProperty has argued strongly against Labour’s longer tenancy proposals in an article written for property industry journal Property Week. Whilst it’s easy to understand that introducing a minimum tenancy of 3 years may discourage buy-to-let investors and thus result in housing shortages in the rented sector, Rob also argues that such changes will not benefit the majority of tenants. He states that the average UK tenancy is 19 months and the families that the increased minimum tenancy length may benefit only make up around 10% of all tenancies in the private rented sector.

Full story available from LandlordZone: http://www.landlordzone.co.uk/news/longer-tenancies-will-help-no-one#

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


Are you risking heavy fines by operating an HMO without the correct licence?

February 4th, 2015

Licensing for all HMOs was introduced from October 2000 to try and improve standards in the sector, in terms of both physical accommodation and the management of tenancy issues.

However, many landlords are risking heavy fines and even putting their tenants safety at risk by operating an HMO without having the correct licence.  With mandatory licensing of certain larger HMOs having been introduced across England & Wales since April 2006, smaller HMOs and single family properties may also need licensing under the myriad of selective and additional licensing schemes being set up by Councils across the country.

Read the full story on Property Reporter

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


Discover a way to serve a section 21 notice faster, less expensive and with greater security

February 3rd, 2015

RentPro has been partnered with Mailsoft Solutions for some time now and currently provides two services through RentPro: Registered Emails and Electronic Signatures, of which we explain in more details the benefits of these services in the following post:

http://www.rentpro.co.uk/blog/2015-the-year-of-the-goat/

Did you know however that many agents that use Mailsoft Solutions also use the Registered Emails service to serve Section 21 Notices.  Although service by email is now acceptable legal practice, proof of receipt is essential, but is something that is not possible with standard email. This is where the Registered Email service comes in. Continue reading »