With effect from 1st October 2015, The Smoke and Carbon Monoxide Alarm (England) Regulations came into force. All landlords owning and renting property in England need to be fully aware of their responsibilities to avoid potential prosecution as well as reducing the risk of potential Landlord Insurance claims.
The UK university population boasts some of the oldest and most prestigious establishments in the world, attracting huge demand for places from international and home grown students alike.
The popularity of further education continues to drive the student let market, delivering resilient returns year-on-year. Yet, letting to students is not without additional risk and poses unique nuances that are not present with the average professional tenant.
With this in mind, it is important that Landlords enter the student market with their eyes open, understanding both the advantages and risks — It is also important to purchase specialist Student Landlord Insurance to ensure you are covered correctly for all eventualities.
Typically, a residents association is established by a group of property owners or tenants in a block of flats who act with the best interests of all the flat owners or leaseholders in mind. The association will deal either deal directly with the property owners managing agent or alternatively manage the freehold for the group.
If you’re thinking of joining over 25,000 current Estate & Letting Agents across the UK by setting up your business then you’ll no doubt have spent months meticulously planning and preparing for launch.
From location to web portals, to marketing and back office systems, there is a huge amount to consider – however one key area which is often overlooked until the last minute is Business Insurance. This might not be the most exciting subject, but without the correct protection, you could leave your new business exposed to financial ruin.
As a Landlord or property owner, it is not just standard perils such as fire, theft or flood which can impact your assets. You also need to be prepared for a host of unforeseen threats to your property, including acts of terrorism, natural disasters or criminal activity.
Fortunately, such events are not commonplace, but the consequences can be devastating and without adequate planning, you leave yourself open to financial disaster. Standard Landlord Insurance policies will not normally extend to cover terrorist acts and without adequate additional protection your property could be significantly at risk.
Property is seen as a sound investment – as safe as houses you might say! Accordingly to research from our partners, LV=, Britain’s love affair with property ownership has now spread firmly into the rental market, with one in twenty of British adults renting out a property to supplement their income, but these so-called "Accidental Landlords"often put themselves in financial risk.
From the 1st December 2014, important changes to the Immigration Act 2014 (Act) will come into effect which will have a significant impact on Landlords and Letting Agents in terms of tenant checks and referencing.
These provisions will require private landlords to determine whether new tenants have the right to rent before letting a property to them. The onus is therefore directly transferred to the Landlord to ensure that they are complying with regulation.