Category: Non-Rent Monies
This piece of legislation has caused ripples through the residential property lettings sector in terms of trying to deal with the fair way that landlords and managing agents can pass on various types of payments to residential tenants.
Here’s a quick broad-brush summary of the three main types of changes that this has made:
1. Removed Fees
This is the hot topic, with landlords and agents no longer being allowed to pass on letting and administration fees to tenants.
It isn’t retrospective, but does apply to all tenancies both existing and new from 1st June 2020.
Even if a lease says a landlord can charge say a renewal fee, this legislation overrides this and prevents.
It also applies to wider licences to occupy within the residential...
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Category: Services & Compliance
As everyone begins to look at how we come out of lock-down from the Covid-19 pandemic, the way in which you then practically use a property may need to change.
There’s lot of ideas and good principles flying around, from social-distancing signs to whole new cleaning regimes and layout of people and guests. Good practice and guidance is also filtering through, for example the RICS.
But how does this apply to your property?
And which bits are the important ones?
After looking into this, we have ten core factors rattled-down that you need to consider. (Check out our core Covid-19 updates here, and dealing with payments here).
Although these are more office-use focused as this tends to be the main first-wave back to work, they can of...
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Category: Rent Monies
We have a general resource here on overall property management issues to consider during these unprecedented times of the Covid-19 outbreak.
Tenants of commercial properties being able to pay their rents has been critical, particularly with the popular quarterly-payments being due at the end of March and monthly ones at the beginning of April when lock-down began.
Well here are some tips to help guide you through this process, to see what legally is allowed, and how to pragmatically come to an arrangement.
As a tenant, you will understandably be wanting to arrange rent reductions to ease cash flow, whereas landlords will be eager to still receive these to pay mortgages etc. And if you’re a managing agent or property advisor in between...
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Here are various blog resources related to the rent that is paid at properties, with sub-category information on Rents here. Whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees.
Here are various blog resources related to non-rent monies and payments, with sub-categories of service charges, fees, and other monies and costs/charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.
Here are various blog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents, with sub-category insurance ones here. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.
Sales & Lettings
Here are various blog resources related to the sales & lettings of a property, and all related transactions, with sub-category resources of Sales & Lettings. Whether you're involved in these directly yourself, or you're working with other sales/letting agents and interests, these help highlight important property managemnet factors to consider.
Leases & Titles
Here are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests, with sub-categories for Leases and Titles resources. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.
Here are various blog resources related to all the taxes involved with property interests, from VAT and SDLT, to income and capital gains, to rates and council tax - chcek out the Tax sub-category. These will help you work alongside other accounting and tax advisors to make sure you cover all bases to reduce your overall tax liabilities.
Services & Compliance
Here are various blog resources related to the services and compliance at a property, with sub-categories of Fire Safety, Security, Cleaning & Hygiene, Health & Safety, Utilities & Energy, Maintenance, Other Services, Facilities, and Planning. These range from say your fire and health and safety compliance, through to services like cleaning and utilitities. These resources help provide an overview of each area without getting too technical, so you can plan it all in at the right time and best cost.
Here are various blog resources related to any other general subjects involved with properties and their interests, including sub-categories of Procedures, Principles, and Special Occasions. So whether it's the basics of property management, or more specific property issues and queries that don't naturally fall in the other categories, you'll find them all here.
Condition & Repairs
Here are various blog resources related to the condition of a property and any repairs and alterations required, with sub categories of Condition and Repairs. Whether it's a reactive roof repair, pro-active maintenance plan, or carefully-chosen contractor - these help explain how to effectively keep properties in the right condition.