Life can be busy when you’re a landlord. Leaving aside managing your property and tenants, many landlords must also cope with the demands of a job or running a business. Then there’s your own domestic and family responsibilities.
We are getting into the colder months and condensation is becoming more apparent. Condensation leads to black spot mould growth which not only damages the property but is harmful to your tenants.
With the Renters (Reform) Bill shortly to have its second reading we are deeply concerned about the effects on the student rental market. The Private Rented Sector is a key part of the student rental market but is being largely ignored by the Bill. Purpose Built accommodation is however to get special treatment despite it providing less than half of student accommodation.
Discovering damp, mould, or condensation in your home can be disheartening and overwhelming. Not only do these issues mar the aesthetic appeal of your living space, but they also pose health risks and compromise the structural integrity of your property.
Register as a sole trader or set up a limited company? It’s a key question to answer when you decide to take the plunge and start your own business because your decision can have major implications.
The long-awaited Renter’s (Reform) Bill* was (finally!) released just over 36 hours ago. We have poured through all 89 pages of the Bill to update landlords on everything they want to know at this stage.
The increase in the number of short term lets in certain areas, such as coastal towns, national parks and some cities can impact on the availability and affordability of homes to buy or to rent for local people and on the sustainability of communities more broadly.
There are about 2.6m private landlords in the UK, and although some have large, lucrative property portfolios, 43% of private residential landlords in England rent out just one property. About 39% rent out two to four properties, while 18% rent out five or more. It’s a similar story elsewhere in the UK.
HMRC has advised that for the 21/22 tax year, 385,000 taxpayers filed paper Self Assessment tax returns. If you were one of them, this could affect you, as HMRC is currently writing to taxpayers to inform them they will not automatically receive a tax return form for 22/23. Letters are currently being sent out between 23rd March and 4th April 2023.
How to rent - the checklist for renting in England was updated on the 24th March 2023.