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How long should accounts be kept

How long should accounts be kept

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Question: How long should accounts be kept to satisfy the authorities, things like accounting files, invoices and tax records, as a property landlord?Answer: You must keep your records for 6 years after the tax year to which they apply, whether or not you complete a tax return.It's a good idea, a

Expiry of Section 21 Notice

Expiry of Section 21 Notice

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Expiry of Section 21 Notice - I have served a Section 21 (s21) Notice on my tenant but don't wish to start proceedings immediately. Can I wait without the notice expiring?Once a Section 21 notice has been served correctly it continues indefinitely, until such time as the tenancy is ended, either

Covenant and Covenant Strength

Covenant and Covenant Strength

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Covenant and Covenant Strength - What is a legal covenant and what is the significance of the terms in relation to rental property and lettings ?</h2>The term covenant can have several meanings and has biblical origins but it is of particulalry significance

10 year lease

10 year lease

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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

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<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

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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

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Thousands of HMO landlords to face tougher rules in East of England

Thousands of HMO landlords to face tougher rules in East of England

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Norwich Council is overhauling its HMO policy by bringing in higher standards and tougher enforcement action.

Stretched councils 'unable to police landlords' mouldy homes'

Stretched councils 'unable to police landlords' mouldy homes'

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Local authorities are not enforcing private landlords’ legal duty to maintain safe housing, a BBC investigation has found.

High-profile landlord warns Energy Secretary over EPC upgrade plan

High-profile landlord warns Energy Secretary over EPC upgrade plan

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Nottingham benefits landlord Mick Roberts has warned that the government’s push to get rental properties up to an EPC C by 2030 could backfire.

Labour struggling with house building – quantity as well as quality

Labour struggling with house building – quantity as well as quality

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Angela Rayner’s promise to build 1.5 million new homes this Parliament is looking increasingly optimistic

Buying BTL property via a limited company now 'most popular route'

Buying BTL property via a limited company now 'most popular route'

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Seven out of 10 landlords planning to buy a new rental property during the next 12 months will use a limited company structure, it has been claimed.

Landlord to repay tenants £21,000 after failing to license HMO

Landlord to repay tenants £21,000 after failing to license HMO

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Four tenants have won £21,076 from their landlord who failed to explain why she hadn’t licensed her damp and cold HMO.

Rocketing leasehold charges trapping landlords with unsaleable flats

Rocketing leasehold charges trapping landlords with unsaleable flats

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Many landlords are struggling to sell leasehold flats because management charges have reached astronomical levels with many now forking out £2,000 or more a year.

Housing minister reveals plans to digitise property buying and selling

Housing minister reveals plans to digitise property buying and selling

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Landlords buying or selling homes will soon enjoy a smoother and quicker property transaction process after the Government announced that it is to digitise the system.

Salvation Army joins growing calls for Labour to unfreeze LHA

Salvation Army joins growing calls for Labour to unfreeze LHA

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The Salvation Army has joined calls for the UK government to help prevent homelessness in Scotland by scrapping the planned freeze on Local Housing Allowance (LHA).

Landlord fined £10,000 after ignoring tenants' calls to fix boiler

Landlord fined £10,000 after ignoring tenants' calls to fix boiler

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A landlord who ignored his tenants' pleas to fix their boiler during sub-zero temperatures has been ordered to pay out nearly �10,000 in fines and compensation.

Ministers have ‘needlessly spooked’ landlords with renting reform plans

Ministers have ‘needlessly spooked’ landlords with renting reform plans

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A leading buy-to-let mortgage broker has said the Government has ‘needlessly spooked’ landlords with its rhetoric designed to ‘curry favour with tenants’.

Big London council to begin regulation for over 8,500 HMO properties

Big London council to begin regulation for over 8,500 HMO properties

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Wandsworth Council is to launch a consultation into borough-wide additional licensing and a selective licensing scheme in three of its wards.

Landlord fined £10,000 after ignoring tenants’ calls to fix boiler

Landlord fined £10,000 after ignoring tenants’ calls to fix boiler

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A landlord who ignored his tenants’ pleas to fix their boiler during sub-zero temperatures has been ordered to pay out nearly £10,000 in fines and compensation.

Properties with EPCs under a Band C ‘already harder to sell to other landlords’

Properties with EPCs under a Band C ‘already harder to sell to other landlords’

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Rental properties with an EPC certificate below a band C are becoming more difficult to sell to other landlords, new research has suggested.

Rents still rising fast in London as up to 38 tenants chase each property

Rents still rising fast in London as up to 38 tenants chase each property

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Latest rental market data from London reveals a private rental sector still on fire as rents rise by 11% year-on-year, says agency Foxtons.

Damp, mould and condensation – YOU are to be held responsible

Damp, mould and condensation – YOU are to be held responsible

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The latest government guidance places the responsibility for damp, mould and condensation firmly in the lap of the landlord, whatever the cause!

Join the debate and experts at the next National Landlords Investment Show

Join the debate and experts at the next National Landlords Investment Show

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LandlordZONE readers are invited to join a gathering of like minds being organised by the National Landlords Investment Show in Elstree, Hertfordshire on 27th September 2023.

Bill is solution to non-existent problem in student market, says landlord group

Bill is solution to non-existent problem in student market, says landlord group

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Changes to the student rental market under the Renters (Reform) Bill could result in even less protection for students, according to York‘s Residential Landlord Association.

BBC scrutiny dents mayor’s bid to paint bleak renting picture

BBC scrutiny dents mayor’s bid to paint bleak renting picture

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London Mayor Sadiq Khan has been pulled up for selectively using statistics to lend weight to his demands for rent controls in the capital.

BLOG: Probe will rule that deposit alternatives are pro-consumer choice

BLOG: Probe will rule that deposit alternatives are pro-consumer choice

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The Competition and Markets Authority (CMA) is to probe five different activities involving landlords and letting agents, and their responsibilities to private tenants.

LSA selling landlord portfolios for higher than market value, faster than anyone else

LSA selling landlord portfolios for higher than market value, faster than anyone else

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If you need to sell you no longer have to worry about Estate Agents taking too long, or auctions offering too low a price, portfolio exit specialists are the solution.

Renters Reform Bill debate pushed back but still on track for June

Renters Reform Bill debate pushed back but still on track for June

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The Renters Reform Bill is on track to get Royal Assent next June, says the NRLA – despite the possibility of a snap May general election.

PRS can grab a share of new insulation fund to save on fuel bills

PRS can grab a share of new insulation fund to save on fuel bills

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Landlords and tenants could be in line for some extra funding towards energy efficient improvements following the launch of the Great British Insulation Scheme.

Fast-growing Scottish rents top UK chart despite cap extension

Fast-growing Scottish rents top UK chart despite cap extension

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Landlords in Scotland hampered by rent controls have managed to drive annual rent growth faster than anywhere else in the UK.

Minister says 'no' to more challenging goals for landlord green home upgrades

Minister says 'no' to more challenging goals for landlord green home upgrades

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Peers have rejected calls to set government targets for making properties more

London in rent crisis as thousands of landlords tried to sell last year

London in rent crisis as thousands of landlords tried to sell last year

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New studies show that landlords really are selling-up and tenants are suffering because of it...

Extra funding on offer to make PRS more accessible for disabled tenants

Extra funding on offer to make PRS more accessible for disabled tenants

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Landlords and tenants are being encouraged to apply for new funding to help older and disabled people make adaptations in their homes so they can continue to live independently.

Landlord mortgage debt rises as many borrow to 'keep their operations going'

Landlord mortgage debt rises as many borrow to 'keep their operations going'

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Months of economic turmoil has pushed the average landlord's <a href="https://newsarchive.landlordzone.co.uk/news/mortgage-rises-give-company-purchases-more-appeal/">mortgag

Landlord mortgage debt rises as many borrow to ‘keep their operations going’

Landlord mortgage debt rises as many borrow to ‘keep their operations going’

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Months of economic turmoil has pushed the average landlord’s mortgage debt up 19% to £558,423 in the last 12 months.

Uncertainty around Renters Reform Bill prompts landlords to call it a day

Uncertainty around Renters Reform Bill prompts landlords to call it a day

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andlords are feeling gloomy about the future, with those selling up blaming economic pressures, the Renters Reform Bill and upcoming EPC rules

Lib Dem boss: Distrust of red tape prevented Tories going green

Lib Dem boss: Distrust of red tape prevented Tories going green

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Liberal Democrat leader Ed Davey has revealed that the Conservatives dismissed his call for energy efficient regulations in the PRS as “communist”.

HMOs: the evolution of the market and current hotspots

HMOs: the evolution of the market and current hotspots

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HMOs (Houses of Multiple Occupation) first came to prominence in the form of student digs: fairly tatty shared houses, where students could live in groups for a low monthly rent.

INTERVIEW: The landlord leaders hoping to change rental sector for the better

INTERVIEW: The landlord leaders hoping to change rental sector for the better

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A new group - theLandlord Leaders Community has been set up to bring the sector together and provide practical tools for

Rising rents won't stop landlords from feeling the pinch

Rising rents won't stop landlords from feeling the pinch

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Many landlords will find themselves materially worse off by 2026, despite