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10 year lease

10 year lease

Information

2 years ago I purchased a company with a 10 year lease from my ex boss, on a 10 year lease, the lease was set up by a solicitor. After 2 years the business is struggling and is not viable. I feel that my solicitor ill advised me as there was no break clause mentioned. Where do I stand on t

Uncollected Goods

Uncollected Goods

Information

Good Left in the Premises or Uncollected GoodsFrequently, tenants leave goods after their tenancy has concluded or when they have abandon the premises during a tenancy. Uncollected goods and possessions left or abandoned in premises by tenants can pose a real problem for landlords.

Standing Order

Standing Order

Information

<h1 Standing Order</h1>What are Bankers' Standing Orders?</h3><ul <li Standing Orders allow landlords to automate the process of collecting rents</li> <li They safeguard tenants in that the landlord cannot change the payment amount, as is the case with direct debit

Section 8 Procedure

Section 8 Procedure

Information

The Possession Procedure - 1988 Housing ActThe possession procedure under Section 8 of the Housing Acts 1988 &amp; 1996 is known as the Section 8 Route and is available to landlords where the tenant is in breach of one or more terms of

Renting Business Premises

Renting Business Premises

Information

Renting or Leasing Commercial Property Renting commercial property usually represents a major part of the operating costs involved in running any business. If you include surveyor's and solicitor's fees, rent, business rates, insurance,

License Agreement

License Agreement

Information

Types of Tenure: A tenancy gives the tenant a legal interest in the land and property - in effect, legal ownership for the period of the tenancy. Tenancies can take several forms: <ul <li Rent Act or Regulated Tenancies - pre </li> <li

Joint or Single Tenancies

Joint or Single Tenancies

Information

<h1 Joint or Single Shared Tenancies</h1>Shared House (Joint Tenants) or Individual Rooms (Single Tenants)? Where a landlord lets to multiple and usually unrelated tenants there are two main ways of doing this:(1) As a Joint Tenancyng

Common Law Tenancies

Common Law Tenancies

Information

These are tenancies that fall outside the scope of the Housing Acts (1988, 1996, 2004), including the Regulated Tenancies, Assured Tenancies (AT) and Assured Shorthold Tenancies ASTs.In the case of a common law residential tenancy , the tenant's rights and obligations are ma

Business Tenancies

Business Tenancies

Information

What are Business Tenancies ?A tenancy is an "estate in land", granted for a determined period of time (term of years or fixed term - 6 months,1 year, 21 years, 99 years etc) or a specific period (a periodic tenancy - yearly, monthly, weekly, even daily).In return for the "time lim

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The areas where landlords face the most challenges with deposits are revealed

The areas where landlords face the most challenges with deposits are revealed

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The areas where landlords face the most challenges with deposits have been revealed, with Oxford leading the way.

Landsec rebalancing to residential signifies a growing trend…

Landsec rebalancing to residential signifies a growing trend…

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Land Securities (Landsec), last week reaffirmed its intention to reduce exposure away from office developments towards higher-yielding residential assets

Landlord couple told to pay £8,748 back to five tenants

Landlord couple told to pay £8,748 back to five tenants

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A landlord couple who blamed Lambeth Council’s maladministration of its online application system for their unlicensed HMO have been told to pay £8,748 back to five tenants.

Concerns raised in House of Commons about new EPC rules for landlords

Concerns raised in House of Commons about new EPC rules for landlords

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Concerns have been raised in the House of Commons about the impact of new EPC regulations on landlords.

Risk to rental sector in Wales as taxes raised, Propertymark warns

Risk to rental sector in Wales as taxes raised, Propertymark warns

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Letting agents have warned that stifling rental home supply in Wales through higher taxes or by landlords passing on costs to tenants could jeopardise the PRS.

Scottish First Minister warned against promoting hydrogen boilers

Scottish First Minister warned against promoting hydrogen boilers

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Housing and industry groups have warned Scottish First Minister John Swinney against promoting hydrogen boilers to heat homes.

North Hants Council creates tenants’ charter to boost standard of homes

North Hants Council creates tenants’ charter to boost standard of homes

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North Herts Council has created a tenants’ charter to set out the rights and responsibilities of tenants, landlords and the council, in a bid to keep private rented homes up to scratch.

Rents grow at slowest level for three and a half years

Rents grow at slowest level for three and a half years

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Rents are growing at their slowest level for more than three years, but a limited supply of new rental homes will help keep prices high, it has been revealed.

Sex offender landlord banned from letting property

Sex offender landlord banned from letting property

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A landlord has been banned from letting property in Edinburgh after he failed to report that he was a registered sex offender.

Think Digital: Proptech to come under the microscope at NRLA Conference

Think Digital: Proptech to come under the microscope at NRLA Conference

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With one eye on the horizon the NRLA is always looking for ways to streamline the lettings process, making it quicker and easier for landlords and tenants. Here James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, looks forward to the association’s 2024

Renters' Rights Bill due back in Commons next month

Renters' Rights Bill due back in Commons next month

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The Renters’ Rights Bill returns to the Commons for its second reading next month, as the new government fast-tracks its shake up of the PRS.

Landlord fined for failing to improve cold and mouldy home

Landlord fined for failing to improve cold and mouldy home

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A rogue landlord who persistently ignored requests to carry out improvement works on her property has been ordered to pay £2,400.

TECH: Platform delivers insights to ease property-buying process

TECH: Platform delivers insights to ease property-buying process

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Landlords are being encouraged to trial a tech tool that gives them new insights to make property buying less risky.

North-South rental gap is smallest in a decade

North-South rental gap is smallest in a decade

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The gap between rents in the North and South of England has closed to its smallest level since 2013.

Councils’ disastrous journey into commercial property investments

Councils’ disastrous journey into commercial property investments

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English councils collectively went on a near £7bn commercial property buying spree, a reel into cinemas proved to be a disaster...

Landlord left family living in fear at unlicensed home

Landlord left family living in fear at unlicensed home

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A rogue landlord who left a family of eight living in damp and dangerous conditions has been told to pay more than £3,000 by magistrates.

Calls grow for short-let licensing to rebalance PRS

Calls grow for short-let licensing to rebalance PRS

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MPs are pushing the government to introduce a licensing scheme for short-term lets in England.

Stock crisis predicted to worsen as landlords brace for bad news

Stock crisis predicted to worsen as landlords brace for bad news

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More than one in 10 homes for sale on Zoopla in July were formerly rented, prompting fears that a challenging autumn budget could further increase sales.

Expected tax grab prompts fearful landlords to quit

Expected tax grab prompts fearful landlords to quit

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An ongoing shortage of rental properties is expected to keep pushing rents higher as more landlords look to scale back their portfolios.

Suspended jail term for landlord who ignored safety checks

Suspended jail term for landlord who ignored safety checks

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A rogue landlord has been handed a suspended jail sentence after she failed to maintain gas appliances at her rental property.

Rogue exempt accommodation landlords face tough crackdown

Rogue exempt accommodation landlords face tough crackdown

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The government has vowed to take action on rogue landlords who exploit vulnerable residents in exempt accommodation.

Landlord Exodus: Tough New Rules spark mass Sell-Off

Landlord Exodus: Tough New Rules spark mass Sell-Off

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A mass sell-off is currently underway in the landlord sector, and it only looks set to increase. EPC requirements, The Renters Reform Bill, mounting financial pressures, the list of reasons goes on.

Steep house prices curb renters' home buying ambitions

Steep house prices curb renters' home buying ambitions

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A third of renters (33%) don’t plan to ever own their own home, up from a fifth (20%) in 2022.

Warning: Landlords will race to beat Section 21 ban

Warning: Landlords will race to beat Section 21 ban

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A “tsunami of landlords” will put in Section 21 notices before the ban is implemented, predicts Landlord Action’s Paul Shamplina.

Renters' Rights Bill heralds biggest change to sector in 30 years

Renters' Rights Bill heralds biggest change to sector in 30 years

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Landlords are bracing themselves for the impact of a ban on Section 21 after the government published its Renters’ Rights Bill.

Rental listings see big uplift after recent rate cut

Rental listings see big uplift after recent rate cut

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The first base rate cut since 2020 has boosted rental stock levels across major British cities, according to new research.

Landlords' views sought on updating house sale process

Landlords' views sought on updating house sale process

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Landlords are being asked to share their experiences of conveyancing to help strengthen the case for digital property packs.

Ministers debate even tougher rules for holiday let owners

Ministers debate even tougher rules for holiday let owners

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The government is considering a further crackdown on short-term lets in a bid to free up more homes for local people.

Cut corners on inventories at your peril, landlords warned

Cut corners on inventories at your peril, landlords warned

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Landlords and letting agents aren’t carrying out inventory inspections on nearly a third of tenancies, leaving themselves open to disputes.

Landlord tax burden puts the squeeze on maintenance budgets

Landlord tax burden puts the squeeze on maintenance budgets

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Landlords have been warned that cutting maintenance budgets could jeopardise their ability to rent out properties and puts renters at risk.

Court throws out rent-to-rent ruling against superior landlord

Court throws out rent-to-rent ruling against superior landlord

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A landlord has successfully overturned a rent repayment order after he argued he wasn’t responsible for an unlicensed HMO.

Condensation and mould – how can I deal with this knotty problem?

Condensation and mould – how can I deal with this knotty problem?

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It’s that time of year again. The first signs of the UK’s autumn cold arrives as we see more cooling rain and wind, and a noticeable drop in temperature

COMPLIANCE: How staying on top of your responsibilities could avoid five-figure penalties

COMPLIANCE: How staying on top of your responsibilities could avoid five-figure penalties

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A Hastings landlord is counting the cost after failing to provide their local authority with an essential safety certificate – a timely reminder to make sure you’re up-to-date with all your safety certificates.

Renting campaigners call for Labour to go further with reforms

Renting campaigners call for Labour to go further with reforms

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The Renters’ Reform Coalition has called for more radical renter reforms including longer eviction notice periods, longer protected periods free from eviction when a tenancy starts and limits on rent increases during a tenancy.