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An update on residential tenancies

Following our article on the Deregulation Act 2015 and what it means for landlords, we set out below the major changes coming into force as of 1 October 2015. In relation to Assured Shorthold Tenancies granted on or after 1 October 2015 One of the most important changes coming into force is the prescribed form of Section 21 Notice. This form is annexed to the new regulations and must be used. The days of serving Section 21 Notices when the tenant signs the tenancy agreement will also be long gone.…

Landlords operating a communal heating supply must act now!

Landlords of both commercial and residential buildings (including anything from small residential and commercial developments all the way to blocks of flats and shopping centres) which are heated, cooled or supplied with hot water from a central source and which have more than one tenant, each of which is paying for communal heating or cooling supplied by the landlord, may well be caught by the Heat Network (Metering and Billing) Regulations 2014. These regulations require landlords to provide technical details of the heating system or network to the National Measurement…

Top 5 things to check when investing in commercial property

Investing in commercial property can be an attractive proposal. From the point of view of returns on investment a commercial property can be a good choice. Rental yields for a commercial property are generally higher than a residential property and commercial lease periods are now returning to longer periods, providing a level of comfort for landlords. As the commercial sectors grow the requirement for office space will only increase. Before investing in commercial property, we suggest considering the following points: 1. Location Location, location, location. This can not be underestimated and is so important.…

Deregulation Act 2015 and what it means for landlords

Over the last few years it has been widely reported in the media that the country has a housing crisis. With more and more people moving into rented accommodation, protecting tenants’ interests against rogue landlords has been high on the government’s agenda. Lobbyists have been calling for better protection for tenants, and landlords and practitioners have been requesting clarification on landlord’s responsibilities concerning the protection of tenant deposits. We reported last month that the House of Lords were to discuss the Deregulation Bill. The Bill received Royal Assent on 26…

Selective Licensing

The London Borough of Waltham Forest has given notice that the borough will be designated for selective licensing starting today, 1 April 2015. Where a property is a house in multiple occupation and licensed as such, selective licensing will not be required. Once selective licensing comes into force, any person operating a licensable property without a license will be guilty of an offence under section 95(1) of the Housing Act 2004 and shall be liable to prosecution. When managing your rental properties, please be aware that in order to issue…

Immigration Act 2014 – Tougher responsibilities on landlords

Earlier this year the Government's bill to tackle immigration was passed. The Immigration Act 2014 ("the Act") broadens the policing on immigration by placing additional responsibilities on the public at large, and more precisely on landlords. Under the Act landlords will be expected to examine if a prospective tenant has the right to be in the UK. If a landlord is found renting a property to an illegal migrant without carrying out the necessary checks that is expected of them under the Act they may find themselves liable for a…

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