RGPD y el Sector Inmobiliario

The days of a rent book and a handshake – being all was required to rent a property are a long distant memory. Even if you’re just a landlord with one property, there’s no getting away from compliance in today’s rental industry.
That’s not just a case of making sure appliances are safe, and you’re fully insured. Because landlords store information about their tenants then they must now be GDPR (​General Data Protection Regulations) compliant.
The EU regulations now in force were intended to tackle conglomerates such as Facebook’s use of personal data. But the legislation applies to every business and landlord. That’s why a rudimentary understanding of GDPR is essential. In this quick guide, we lay down all the need-to-know facts about GDPR.

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How Landlords Can Avoid Costly Tales of the Unexpected

Boy Scouts across the World will tell you the importance of being prepared. And it’s no different for landlords. One area where preparation pays off is knowing what expenses to be prepared for when renting out a property and avoid unexpected costs.
Renting out a property can be very profitable and even enjoyable. When done correctly, it’s an asset earning you money as you sleep and who doesn’t like the sound of that. The best landlords have clear budgets and an understanding of the costs they can expect to fork out on.
But even the best have been caught out by expenditure that seemingly came out of the blue.
Here are eight awesome tips to help landlords to avoid unexpected costs.

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A landlord’s checklist before renting a home

The idea of being a landlord is very appealing. It conjures up notions of being able to sit back on rental income and never have to work again. But that’s not true – and if that’s what you thought being a landlord is all about – then it’s probably best you reconsider. For sure, letting property can be a very lucrative business, but it’s also risky, and plenty of landlords have found themselves in dire straits financially and legally when they haven’t done things right. That being said, it’s possible to become very wealthy with a buy-to-let portfolio.

We’ve prepared a checklist for all new landlords before renting a property. It won’t absolve you of all problems down the line. But if you follow these steps, you’ll hopefully save yourself a lot of possible future issues.

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Landlord news

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords. This month, we focus on house prices, rent prices, tenants behaving badly, and maximising property investment gains. Happy reading and… renting!

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Change A Tenancy Agreement

Generally speaking, tenancy agreements, once signed, are binding. It’s not necessarily straightforward to change a tenancy agreement, such as would be required if the landlord is interested in adding or removing a person or persons to the terms of the agreement. There’s no way for one party to force these changes through while still remaining compliant with the relevant regulations specified in UK law. Rather, any changes to the tenancy agreement must be mutually agreed upon by both the lessor and the lessee.

Either a new agreement can be drawn up, or the original on can be amended. Be careful, though — verbal agreements on their own aren’t binding, although they can be reinforced by written evidence. One example of a way a verbal agreement could be ratified is by both parties agreeing to a change in the amount of money to be paid in terms of rent. Because there will be receipts and invoices to create a paper trail, the verbal agreement can be proven if need be.

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Landlord Insurance - Do you even need it?

So you’re looking to rent out a property, but you’re baffled by insurance. What is landlord’s insurance, and will a typical homeowner’s policy be adequate?

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Tenancy Agreements - A 5-minute guide for landlords

If you’re renting out a property, you’ll need to provide a tenancy agreement. However, there are many types of tenancy agreements, so it can be confusing to know which one to use. After reading this five-minute guide, you’ll be confident you know which contract you need.

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