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Mission Statement; “Facilitating the sharing of best practice in the UK Private Rented Sector”
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News
Landlord incorporation: who profits from telling you it went wrong?
12+ hour, 14+ min ago (1575+ words) If you are the landlord receiving that warning, the anxiety is yours and so are the consequences of whatever happens next. You deserve a clear explanation of the alleged problem, the available options and the full cost of changing course....
Could a new LLP tax judgment help landlords caught in HMRC’s Spotlight 63?
16+ hour, 19+ min ago (1663+ words) Can an LLP and a connected limited company genuinely form part of one larger commercial undertaking, even though they are separate legal entities? Nevertheless, I think the judgment deserves careful consideration by landlords whose arrangements fall within HMRC’s Spotlight 63 and…...
Propertymark calls for clearer guidance as rent tribunal cases surge
2+ day, 13+ hour ago (483+ words) An industry body has called for more clarity around the tribunal process under the Renters’ Rights Act. Propertymark has warned that, with rent tribunal cases surging, there needs to be clearer guidance and understanding of the evidence tribunals consider. The…...
Government undecided on PRS Ombudsman information sharing with councils
2+ day, 13+ hour ago (276+ words) The government has yet to decide whether the PRS Ombudsman will be required to share evidence of landlord non-compliance with local authorities. In a written parliamentary answer, Housing Minister Matthew Pennycook said the government was “currently working through the details…...
Building policy in shaky foundations making things worse for tenants?
2+ day, 13+ hour ago (440+ words) Many landlords have stood dazed, on the ropes – taking blow after blow. Confused and unable to think they have been the target of an indiscriminate government-led beating. Here is some clarity as to why the process will continue to fail…...
One million landlords set to use tenant deposit alternatives
2+ day, 13+ hour ago (275+ words) More than one million landlords could end up using deposit alternatives if government plans to scrap insured tenancy deposit schemes go ahead, research reveals. Zero Deposit found 9% would move directly to a deposit alternative, which it calculates could represent about…...
Council funds rent guarantor cover for private tenants
3+ day, 13+ hour ago (289+ words) Northumberland County Council is paying for guarantor insurance to help tenants secure homes in the private rented sector. The scheme targets potential tenants who can afford a tenancy but cannot provide a qualifying relative or other person to be their…...
Rents look set to rise as tenant demand grows - RICS
3+ day, 13+ hour ago (627+ words) Rents are facing renewed upward pressure as tenant demand grows and landlord instructions remain in negative territory, according to the latest RICS survey. In August, the net balance for tenant demand stood at +18%, while landlord instructions came in at -14%. Also,…...
Scottish landlords can still take control of their future in the PRS
4+ day, 13+ hour ago (742+ words) All of us in the Scottish private rented sector understand the nature of difficult decisions. Many of us have friends and colleagues who are currently considering whether to remain in the sector, downsize their portfolios or simply leave it entirely....
Professor warns Renters’ Rights Act has backfired on tenants
4+ day, 13+ hour ago (412+ words) A professor has warned the Renters’ Rights Act has caused changes in the private rented sector which are proving “ineffective or have perverse outcomes”. Writing in the Telegraph, Tim Leunig, professor of economic history at the London School of Economics,…...