Posted in Advise.

How to amend an existing tenancy agreement: A step-by-step guide for landlords

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 Last updated 02/10/2024
How to amend an existing tenancy agreement: A step-by-step guide for landlords
Summary
  1. Can a landlord change a tenancy agreement?
  2. How to amend an existing tenancy agreement: Step-by-step
  3. When should landlords make changes to a tenancy agreement?
  4. Can you charge a tenant for changes to a tenancy agreement?
  5. Do you need to renew a tenancy agreement?
  6. Why should landlords renew a tenancy agreement?
  7. FAQs
  8. Things to remember

Changing an existing tenancy agreement must be done right. Properly recording the changes protects landlords from accidentally invalidating a contract or breaching a tenant’s rights.

In this article, we’ll explain how to change an existing tenancy agreement step-by-step and offer guidance on the most important elements to consider.

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Posted in Real estate news.

Landlord press review: September 2024

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 Last updated 25/09/2024
Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: UK rental growth slows to 33-month low; Manchester tops list of most popular first-time buyer hotspots in the UK; Lower mortgage rates keep first-time buyers in London; 21 tenants competing for each rental – is buy-to-let worth it for landlords?; What are the risks and benefits of buying a house with a friend or sibling?… Happy reading and… renting!

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Posted in Advise.

Viewing a buy-to-let property: Key points to consider before investing

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 Last updated 10/09/2024
Viewing a buy-to-let property: Key points to consider before investing
Summary
  1. What determines rental value?
  2. How do you analyse a buy-to-let property?
  3. Key questions to ask during a buy-to-let viewing
  4. FAQ’s
  5. Things to remember

Every good buy-to-let investment starts with a viewing. When first laying eyes on your potential investment, certain points must be considered to determine if it’s going to be a money maker or a financial black hole.

In this article, we’ll talk through the most important points to consider before investing in a buy-to-let property. We’ll share our advice on how to decide during a viewing whether it’s the right property for you.

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Posted in Real estate news.

Landlord press review: August 2024

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 Last updated 26/08/2024
Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: A 2% increase in house prices by end of 2024; UK house prices drop by more than £5,000 in August; Mortgage arrears largely unchanged in Q2; One in 20 tenants have missed rent payments over the last 12 months; UK rental market booming with record rents and 17 enquiries per property; How to avoid bad tenants as a landlord; Stamp duty relief blow for first-time buyers… Happy reading and… renting!

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Posted in Rentila.

Navigating rent increases: When and how to raise the rent

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 Last updated 19/08/2024
Navigating rent increases: When and how to raise the rent
Summary
  1. Current rental market trends: the latest data
  2. When should you consider raising rents?
  3. How much to increase rents: percentages & formulas
  4. Communicating rent increase notice to tenants
  5. FAQ’s
  6. Things to remember

Growing revenue is essential for landlords to keep up with inflation. One key way to increase earnings is through rent increments. And with recent data showing that UK rents rose by 6.2% year over year, now is the perfect time to increase your rent.

However, you need to maintain a delicate balance between profitability and tenant satisfaction. Factors to consider include local market conditions, legal restrictions, your property’s unique circumstances, and the proper way to notify tenants.

This guide will walk you through the process of navigating rent increases, providing you with the knowledge and strategies to make informed decisions that benefit both you and your tenants in today’s dynamic rental market.

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Posted in Real estate news.

Landlord press review: July 2024

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 Last updated 24/07/2024
Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Steady rise in house prices points to growth in confidence; UK Build to Rent investment hits record high; ‘New normal’ will be mortgage rates between 3.5% and 4.5%; Government urged to fix renting crisis as rents rise by 35 per cent in Shropshire; Cheapest places to rent as Black Country named most affordable for housing; Renters reveal top ‘deal-breakers’ when looking for rental property… Happy reading and… renting!

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Posted in Advise.

The pros & cons of pet-friendly rentals

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 Last updated 03/07/2024
The Pros & Cons of Pet-Friendly Rentals
Summary
  1. The benefits of allowing pets in your rental property
  2. Potential drawbacks of pet-friendly rentals
  3. Setting clear pet policies in your lease agreement
  4. Tips for preparing your property for pet tenants
  5. FAQ’s
  6. Things to remember

Pets can make a property feel more like home for tenants, so it’s just intuitive to make some provisions for them if you want to boost your rental income.

However, before you commit, it pays to weigh the pros and cons. Pets can damage property or annoy neighbours if rules aren’t set. But a pet-friendly policy also attracts great tenants who stay longer.

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Posted in Real estate news.

Landlord press review: June 2024

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 Last updated 25/06/2024
Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Asking prices for UK homes hit record high; Will UK house prices fall?; 21% of new first-time buyers stretch mortgage terms for more than 35 years; Rents rise 9.1%, London and Scotland outperform rest of UK; What does cooling inflation mean for house prices and mortgage rates?; Tenants increasingly stay put while homeowners move more frequently… Happy reading and… renting!

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Posted in Advise, Rentila.

How to manage renovations and repairs when purchasing a BTL property

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 Last updated 13/06/2024
How to manage renovations and repairs when purchasing a BTL property
Summary
  1. Understanding your responsibilities for rental property maintenance
  2. Creating a proactive maintenance plan
  3. Establishing a repair and renovation budget
  4. Communicating with tenants about repairs and renovations
  5. FAQ’s
  6. Things to remember

If you recently purchased a buy-to-let (BTL) property, you’re probably projecting just how much rental income you’ll generate over the next few years. However, the work’s just getting started.

As any experienced landlord knows, managing repairs and renovations is key to keeping tenants happy and profits flowing. But how should you go about it?

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Posted in Real estate news.

Landlord press review: May 2024

Posted on by
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 Last updated 24/05/2024
Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: ONS sees prices up 1.8% in year to march as inflation falls further to 2.3%; Smaller homes drive house price growth; Mortgage rates will fall again, but not any time soon; Average UK rents close in on £1,300 a month; Why invest in a 2-bed apartment?; What is shared ownership? A myth-busting guide… Happy reading and… renting!

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