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LANDLORDS – Are you up to date with recent legislation ?

5/4/2019

8 Comments

 
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CMP (Client Money Protection)

This was made mandatory for all Letting (Estate)  agents from the 1st April and must be displayed in an agents front window and on their websites. This has been a requirement for all Belvoir offices for many years but some other agents may still not have complied.

Deposits

From the 1st June the maximum deposit for any tenancy will be 5 weeks rent. Currently many will request 1.5x a months rent.  Also if a current tenancy is renewed for another fixed term after this date you will need to correct the deposit held to a maximum of 5 weeks. The other issue this will raise is where an extra pet deposit is taken in ‘Pet Friendly’ properties. As the deposit is now capped at 5 weeks rent it is likely that pet friendly properties will request a higher rent then the price advertised if there are pets.


8 Comments
mahima link
21/10/2019 05:38:41 am

Thank you so much for sharing the valuable post.

Reply
C2 Design & Build link
26/11/2019 10:16:16 am

Thanks for sharing.

Reply
Hertfordshire Windows and Doors link
4/12/2019 04:25:45 pm

great post :)

Reply
RJW Roofing & Building link
26/2/2020 04:11:41 pm

Excellent article! Keep the great work!

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lec
20/3/2020 05:24:23 pm

Great and valuable article..not only from landlords side. Cheers Daniel!

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iHouseibiza link
30/10/2020 06:08:11 am

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Reply
Neil parmer link
22/12/2020 12:19:47 pm

Welcome to DSS Accepted

Having trouble looking for dss properties? We source landlords who will accept housing benefit tenants all over London. Will you be their tenant for 1-5 years? Our company established in 2002, has assets, full set of company accounts, bank references and references from other landlords.

We guarantee property hand back in a similar condition subject to fair wear and tear and if you want to sell it, we will sell it for free with our partner agency. We can offer fully managed solutions or a custom solution whatever you want. We will guarantee rent will be paid every month on time without fail. This should be your one stop property investment shop.

Reply
Ventas iHouseibiza link
31/1/2021 02:15:38 am

Useful information thanks for your post.

Reply



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    Daniel Bourke is the owner of Belvoir Lettings Dunstable and in his previous career in Architecture he was an Associate in a leading London Architectural practice

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