A ‘rental void’ is what agents call an empty or unoccupied period in a property. Something Horizon Lets work very hard to avoid ???? According to PropTech firm Goodlord, this summer has now seen voids hit a historic low up and down the country. Their...
The Assured Shorthold Tenancy is the default tenancy for most dwellings in England and Wales. It is a form of Assured tenancy with limited security of tenure, and an important class of residential tenancy in England and Wales. It was introduced by the Housing Act 1988...
Legal standards for electrical safety in private rented property have been in force since 2020, with the aim of protecting tenants from the dangers posed by faulty electrics. This means that all properties must have a valid Electrical Installation Condition Report...
Whilst most tenancies end smoothly, some unfortunately result in deposit disputes, creating unforeseen costs, worries and delays for landlords. The most common cause of landlord & tenant discord is cleaning, which according to the TDS, is responsible for over 40%...
As of May 2022 Letting Agents must now comply with changes made by the National Trading Standards regarding the “Material Information” that must be included in a property listing. MATERIAL INFORMATION is all the things that tenants might need to know to...
You have found the perfect tenant and are looking forward to getting them moved in. Have you made sure your property is tenant ready though? And have you ticked off all your legal compliance obligations? Even if you are not a self managing landlord, we believe as a...
Letting & Renting Glossary is a list of definitions commonly used when discussing the rental market. 1. Letting Letting is the process of renting out a property. A property that is available to let, is available to rent. 2. Lease A lease is a legally binding...
The government has now released draft legislation to amend the Smoke and Carbon Monoxide Alarm (England) Regulations 2015. This is expected to come into effect from 1 October 2022. These amendments will bring social housing in line with the private rental sector in...
Tax is always a hot topic for landlords, it’s safe to say that it can often be a minefield… and its getting more complicated all the time! Landlords have had much to contend with in recent years in terms of new legislation, resulting in investor behaviour...
A house in multiple occupation (HMO) is a property rented out by at least 3 people who are not from 1 ‘household’, but share facilities like the bathroom and kitchen. It is often referred to as a ‘house share’. HMOs have become very popular with landlords and...
