Lettings

Is the rental market running hot or cold, and what can we expect in the coming year? Let’s dig into the latest data from the Office of National Statistics (ONS) and property portal Zoopla to find out. Taking stock Unless you spent 2023 hiding under a rock, you’ll know that rents rose last year. A combination of higher interest rates, which put pressure on buy-to-let (BTL) mortgages, and...

Did you know that a blaze is seven times more likely to start in a rental property than in a home occupied by the owner?* It's a shocking statistic that underlines the need for landlords to prioritise fire safety. So, let's look at how to keep your tenants and property safe. Follow the law Landlords must follow strict rules on issues such as smoke and carbon monoxide alarms, gas and electrical...

Great letting agents make a world of difference to their clients. They're star performers who keep tenancies running smoothly, properties well-maintained and landlords on the right side of the law. But not all letting agents are equal. Unfortunately, a small minority are rogue operators with ulterior motives. So how can landlords find a reputable, legit letting agent to manage their rental? Let's...

A good letting agent can make a world of difference for both landlords and tenants. Here are ten things a top-notch letting agent does to provide outstanding service: 1. Tenant Vetting and Screening A reliable letting agent conducts tenant screening (often called referencing) to ensure potential tenants are compatible with the financial obligations and responsibilities of the tenancy. Doing so...

There’ll be sweat, tears, heartbreak and joy in Paris over the coming fortnight when the world’s best athletes compete at the Summer Olympic Games. From boxing and badminton to javelin and judo, the Paris games will have something for everyone. As the opening ceremony is tonight (26 July), here are five fun facts about the Games of the XXXIII Olympiad to mark the occasion. History Paris is...

Lettings terminology can be confusing, especially if you’re new to renting. So, here’s a jargon-busting list of commonly used rental terms to help you navigate the lettings market*. Agent An agent is a person who acts on behalf of the property owner (i.e. the landlord). Agents can be involved in letting activities such as finding tenants, tenant referencing and the day-to-day management of...

Property abandonment is a rare but complex issue that, if mishandled, can get a landlord in legal trouble. So, let’s look at the key things to consider if a tenant abandons your rental without notice. What is abandonment? When a tenant leaves a rental before the end of their contract (usually without notifying the landlord), it’s called abandonment. If a landlord suspects their tenant has...

Artificial intelligence (AI) is making tsunami-like waves across various industries, and the UK rental sector is no exception. For landlords, understanding how AI might shape the future of property management is important for maximising their investment and protecting their assets. Here’s a glimpse into the potential changes AI could bring while also highlighting the importance of letting agents...

When it comes to being a successful landlord, it pays to heed the words of Forrest Gump. The slow-witted, kind-hearted fictional character played by Tom Hanks on the big screen uttered a phrase that should serve as a guiding motto for all landlords. “Life is like a box of chocolates; you never know what you’re going to get.” No matter how experienced and diligent you are as a...

When a tenancy ends, there’s often confusion – and sometimes disputes – over what a landlord can claim as a deposit deduction. So, let’s look at what’s reasonable to claim and how to avoid deposit disputes in the first place. A landlord can deduct funds from a tenant’s deposit to cover*: Unpaid rent or bills. Damage caused by negligence or recklessness. (The tenant should...