Everyone knows how the Covid-19 outbreak is a game-changer in many respects, including the management of properties.
Therefore, here is our overview and go-to-guide on the matter.
Whether a tenant now not able to pay bills, landlords having rental and value losses, or property advisors stuck in the middle.
The official government Covid-19 guidance for landlords and tenants can be found here, and the main piece of legislation passed by the government in March on a general not just property basis is the Coronavirus Act 2020 (and associated practice direction). Plus, HSE advice here, and NHS here.
Plus, the RICS (Royal Institution of Chartered Surveyors) have guidance here, ARMA (Association of Residential Managing Agents) have help...
Read more ...
This is a clever little trick up the sleeves of a Local Planning Authority to ensure property owners keep on top of their maintenance - that's serving a Section 215 notice under the Town & Country Planning Act 1990.
Although the planning system is mainly about gaining permission for new buildings and changes, this allows a planning authority to also step-in if needs be forcing a property owner to buck-up their ideas and get their property looking ship-shape.
It isn’t that common, but handy to know when it can apply and how to respond if you do ever receive such a formal notice.
In particular, there are three factors to note all beginning with the letter ‘R’:
1. The Receiving Party
They’re technically issued to the property owner...
Read more ...
Having the right measurements for a property is one of those things that people can take for granted, but and not fully realise the consequences if these are wrong.
So, people may say that a flat is a certain size, or a commercial property such-and-such a square footage in area – but don’t know where these came from, and how accurate they are really.
Maybe they’re from latest sales particulars or just picked up from a file – who knows.
Well one property advisor JLL reported a few years ago when new international measuring standards were beginning in the UK that there were differences in reported areas of up to 24%. That’s a staggering difference, that will have a huge knock-on effect with rental values and valuations, plus, all other...
Read more ...
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.