General News

Ministers urged to address shrinking PRS as landlords sell up

Ministers urged to address shrinking PRS as landlords sell up

Written by: Jinay

Buy-to-let landlords exiting the private rented sector

“Mass exodus of private landlords is a catastrophe for the country”, says Phil Spencer

Written by: Marc Da Silva Source: Property Industry Eye

More signs of recovery in London’s rental market

More signs of recovery in London’s rental market

Written by: Marc Da Silva Source: Property Industry Eye

Student tenants quit rental homes in droves as universities close down teaching

Student tenants quit rental homes in droves as universities close down teaching

Written by: Rosalind Renshaw Source: Property Industry Eye

Fees

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - SafeAgent Membership :A2134

Property Redress Scheme Membership details - The Property Ombudsman, Membership Number : L00086