PropTech platform to manage vast lettings portfolio

PropTech management platform Lavanda is to be used to manage the vast 68,000-bed portfolio of Unite Students, the UK’s largest purpose built student accommodation provider. 

Unite will use Lavanda's property management system to handle financial, administrative and logistical workstreams throughout 151 properties located in 23 university towns and cities.

Tom Ellis, group…

Which rental properties will NEVER reach government EPC targets?

Hamptons lettings agency says it’s calculated what types of homes will be simply unable to be improved to reach the government EPC targets. 

The Conservatives planned to increase the energy efficiency requirements so that all private rented homes needed to have an EPC rating of C or above.  However, these plans…

Labour has “golden opportunity” to solve renting crisis says agency boss

The new Labour government has a “golden opportunity its” to resolve the rental crisis, but must give clarity to the industry about future taxes and the contents of the Renters Rights Bill.

That’s the view from Antony Lark, joint chief executive of lettings and sales agency Spicerhaart.

He says: “The Labour government…

Finance chief says rent controls ‘not the answer to lettings crisis’

Kate Davies, executive director of the Intermediary Mortgage Lenders Association (IMLA), says rent controls are not the magic answer to problems in the lettings sector. 

In a statement to the mortgage industry media she says the new Labour government “would be wise to learn the lessons of history and promise not…

How many laws are there really which apply to landlords?

How many laws are there really which apply to landlords?

Legislatin / lawWe often see articles or news items discussing landlords’ legal obligations, which state that landlords have to comply with a certain number of laws and regulations.

I have seen 400 cited, for example, and various other numbers. However, I have never seen an actual list to back this number up.

So the Landlord Law Blog is compiling its own list!

I have called it The Landlord Law Blog Landlords’ Legislation List.

Not only will this (hopefully) clear up any confusion about how much legislation landlords need to comply with – it will also, I hope, be a useful public resource.

At the time of writing this, the number is still under 100 but going up fast as I source new items to go on the list.

If you would like to suggest legislation to be added, here are the rules:

  • The Legislation List only includes legislation from England and Wales (so not Scotland or Northern Ireland)
  • Both top level statutes and secondary ‘statutory instruments’ are included
  • However, they should be relevant just for short lets in the Private Sector (e.g. the list does not include legislation regarding Council houses, long leases or agricultural tenancies)
  • The legislation should significantly affect private landlords – for example, be something likely to be covered in landlord training courses
  • If there is any dispute about the inclusion of legislation, our decision is final

You will find the list here.

There is a survey monkey form you can use to make a suggestion.

If you want to find out how landlords should comply with all this legislation, then that’s what my Landlord Law service is for!

The post How many laws are there really which apply to landlords? appeared first on The Landlord Law Blog.

Law Society says evictions risk “tens of thousands losing their homes”.

The Law Society claims over 29,000 eviction claims in recent months leave “tens of thousands at risk of losing their homes.”

The warning comes as the Ministry of Justice publishes new figures on repossession and eviction claims from April to June 2024.

The statistics show that mortgage possession claims increased by 34%,…

Rightmove strikes last-minute fees deal with OpenRent

A brief statement to the London Stock Market this evening has confirmed that Rightmove will, after all, carry OpenRent listings in future, following an agreement over fees. 

There was speculation a deal would be struck, despite a separate statement by Rightmove two days ago saying OpenRent listings would be removed from…

Buy To Let yields rise for HMOs and company landlords

Landlords generated average rental yields of 6.3% in the second quarter of the year, research for Paragon’s latest PRS Trends Report has revealed.

The report shows that average yields have not hit 6.3% since the third quarter of 2014 and have not surpassed the current level since Q3 2012, when they…

Ex-Knight Frank lettings bosses are new signings for Broker agency

Two new signings for the fast-growing Harding Green broker-model agency are both former lettings managers at Knight Frank.

Milly Englander was formerly the lettings manager for Knight Frank in Marylebone, London, and worked for the agency for 10 years. At Harding Green she plans to operate across Sales and Lettings in…

Landlord Law Newsround #351

Landlord Law Newsround #351

Landlord Law Blog NewsroundAnother week and another Newsround, let’s see what has been in the news this week.  We start with EPC news which is never far from the headlines.

Labour’s EPC plan confirmed

Labour has now confirmed its plans for rented properties and EPC requirements.

Miatta Fahnbulleh, the Under Secretary for Energy Security and Net Zero has announced this week that that rental properties will need to achieve a minimum of EPC grade C by 2030.

Ms Fahnbulleh has stated

We will require landlords to improve their properties to Energy Performance Certificate standard C by 2030. Ensuring warmer, healthier private rented homes will lift many families out of fuel poverty and reduce energy bills.

Ed Milliband, the Energy Security and Net Zero Secretary said that in doing this will ‘support more than three million people facing fuel poverty’.

Propertymark has hit back at the government saying that whilst they fully support more energy efficient homes, landlords need financial support by some means in order to meet this target. A poll back in February of this year found that 35% of landlords could not afford to meet the high upfront costs to upgrade their homes. A spokesperson said

Any future targets must be fully backed by legislation that incentivises and encourages people rather than penalising them.

Selective Licensing schemes & landlord costs soar

Landlords are now paying on average for a five-year licence fee of £700, according to a Freedom of Information request from Direct Line, and the number of selective licensing schemes has increased by % over the past two years.

20% of councils now operate licensing schemes for the private rented sector and as much as £20 million has been paid into licensing schemes by landlords in the last year, and in addition to this a further £2.5 million is paid in non compliance fines.

Fees vary considerably between councils with £550 in North Yorkshire to £12,90 in Leicester, some councils are better at enforcing their rules than others with Waltham Forest issuing 170 fines and Middlesborough issuing 128.

Direct Line advised there was a ‘growing burden from fines for non-compliance’. Landlords need to check regularly with their local authority to see if any new schemes are under consultation.

A reminder that Landlord Law has it’s own Local Authority Directory for information about licensing schemes and fees in your area.

Landlord banned from HMO sector

A Welsh landlord has been fined a staggering £5,088 with additional surcharges and banned from the sector for not having an HMO licence for three properties that he ran. Wales runs the Rent Smart Wales scheme and anyone renting a home must apply for a licence along with five hours training and comply with their code of practice. Once a licence expires it must be renewed immediately and Gareth Davies did not renew his licence and took nearly a year to do so.

As he now has a criminal conviction for not renewing, he has been told that next time he may not be granted a licence.

Lynda Thorne from Cardiff Council said

The implications go far beyond fines for this landlord.

OpenRent and Rightmove reach agreement

If you use OpenRent for your properties you may have been a bit worried by the recent spat between OpenRent and Rightmove when it looked for a while as if OpenRent customers would not be able to advertise their properties on Rightmove.

Thankfully, they have now reached agreement.  If you are a self-managing agent who uses OpenRent, note that our Landlord Law service can help you keep track of all that regulation.

Snippets

Warning served to landlords over mouldy homes
Tenant who threatened gas engineer sent to fix boiler faces jail
Property trade bodies tell new Welsh Leader to reject rent controls
Record homeless figures in England prompt calls to tackle ‘national scandal’
New landlord database likely to improve rental sector, says legal expert

See also our Quick News Updates on Landlord Law

Newsround will be back next week

The post Landlord Law Newsround #351 appeared first on The Landlord Law Blog.

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