London has been hearing upcoming measures to ensure ‘family friendly’ tenancy rules in order to assuage the renters with a feeling of security. As part of that exercise, the Department for Communities and Local Government is reportedly working on a proposal to encourage landlords for offering long-term tenancies to the tenants. It is hoped that the new proposal will scrap the old-fashioned 12 month restricted assured tenancies.
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Archive for Lettings
Government Mulls plans to make Tenancies family friendly
Tenants Rights about Security Deposit Return is Up
The awareness level among tenants to safeguard the security deposit is up. This is helping them to resist unnecessary deduction on the deposit by seeking legal remedy. Landlords mandatorily take deposit from the tenants as a hedge against possible damage to their property or a safeguard against defaulting on rent.
Know the Rights
But security deposit often becomes a tool of exploitation in the hands of greedy landlords who resort to unethical deduction citing flimsy reasons of damage to their property. It must be known that full replacement cost cannot be slapped on a tenant, if an accessory is not very new.
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Why Tenants Must Do a Thorough Walk-Through on a Rental Property?
It is true that the investment required in renting a house is nothing when compared to the kind of money required in purchasing a home. Even then, the prospect of losing a good portion of money given as security deposit while renting can hurt a tenant considerably. We do hear reports about unscrupulous landlords chipping away security deposits without any sound rationale and even making a tenant to cough up more money at the time of vacating the home.
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Tips to Handle Situations When a Tenant Can’t Pay Rent on Time
Tenants are expected to pay rent on time. But some emergencies do occur and a tenant may struggle to pay rent on time or in full. Generally an honest tenant temporarily short on funds will not get evicted by a landlord for paying rent a little late in a month. But that leniency should not be stretched unduly to trigger unhealthy consequences. So the following advice can help.
Partial Pay
Be up front with the landlord about the tight situation and request for an extension. This is a more straightforward way to avoid eviction and a lawsuit. No landlord would like to lose a good tenant since it is difficult and expensive to evict and get new tenants.
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Steps to Select the Right Tenant for Your Property
When a landlord signs up a tenant he is actually giving the keys to a stranger to occupy his property. So choosing a bona fide tenant for a property is very important to safeguard the investment.
Housing Rules
So the process of zeroing in on the right tenant must be done within the framework of the Federal Fair Housing Act. Adhering to the Act will saves the landlord from future charges of discrimination.
For lovely properties to rent in London, if a landlord takes time to follow a due diligence many troubles can be avoided in the future. As per law a landlord is not supposed to discriminate any tenant on the basis of
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Category: Lettings |
Tags: Housing Rules
Why West Kensington is Loved by its Residents?
West Kensington in London is an exotic location to live. With attractive streets lined up with imposing white stucco fronted regency houses, red brick Victorian and Edwardian residences the area really fascinates and people fall in love with it instantly.
This short area guide will help you to get a fair of picture of why that area is a very sought after area among tenants and other visitors.
Nice Residential Area
The West Kensington area is a very nice residential to the West of Central London. West Kensington is surrounded by many desirable neighbourhoods. They include Earls Court, Fulham and Hammersmith in the east, south and west respectively. What makes West Kensington popular with professionals is its excellent transport links to rest of London and beyond by way of tube stations and bus routes.
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Category: Lettings |
Tags: Living in Kensington
Important Steps in Securing a House for Rent
Sound advice and valid information work well to secure the right property, when a tenant is scouting for a place to live. When a property is found and you are closer to becoming a tenant there many vital small steps that need to be taken. Here is an effort at having a glimpse of them.
Preliminary Steps
When you are looking rent apartments in London, a lot of background activity will be remaining before culminating in a rental deal.
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Category: Lettings |
Tags: Securing Steps for House rent
Ensure Your Tenancy in London Does Not End With a Dispute
Students flock to London to pursue their university studies and some of them will be living in halls of residence. Some others will rent from out flats or houses from private or commercial landlords. In London, short term tenancy agreements are most common in seasonal rental market such as student rentals.
While renting an apartment in London for a long or short term, tenancy agreement it is important a tenant must know his rights to prevent disputes during or after the tenancy.
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Category: Lettings |
Tags: Ensure Your Tenancy in London
How to keep your tenants happy?
Being nice to the tenants is the first step in keeping them happy. Always act in a respectful manner so that life becomes easy for you as a landlord and properties are also turned profitable. Treating tenants fairly means creating an environment of longer retention of the tenants.
By having long term clients the benefit is that a landlord does not have to undergo all stressful procedures periodically such as cleaning, painting, and fixing problems in a property as soon as a rental unit becomes vacant. Then comes the procedural side that might consume countless hours of a landlord such as
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Category: Lettings |
Tags: Keep your tenants happy
Tips on Renting Residential Property
London’s rental market is in a boom powered by the buy-to-let (BTL) residential housing sector. As the UK’s hottest lettings market London commands more than 45 per cent of all households renting. As a result a typical Landlord in London receives 7 percent rental yield every year which is higher than any other tools.
Some tips can be useful for landlords even if they are not first timers as that will help in following best practices for renting of residential properties.
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Category: Lettings |
Tags: Tips for renting residential property
