Tenancy Security Deposit

Moving home is stressful enough without wondering if your landlord will return your deposit. Landlords deduct for many reasons. But gone are the days of ruthless landlords who would keep your tenancy deposit, come what may. It’s now law for your deposit to be protected in a government scheme. There, it will stay, until it comes time to move on. It’s at this point you can make sure the property is in good condition and your landlord deducts the correct amount.

There’s no point asking for a full deposit if there are issues with the property. Your landlord may deduct money from your deposit for several things. In this short guide we detail what your landlord can and cannot deduct from your deposit.

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What are landlords biggest worries?

Being a landlord is a huge undertaking. It’s not a passive form of income whereby rent money just lands in your bank account every month over and above your mortgage payment. If only! Landlords have several concerns heading into 2020. Here we list landlord’s biggest worries.

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How landlords can renovate and decorate the perfect rental properties for tenants?

Renovating properties to let them to tenants can be a great way to buy a property cheaply and increase the value of your investment. However, there are lots of mistakes that landlords, and particularly new landlords make. Follow these tips to renovate perfect rental properties which withstand wear and tear and are appealing to prospective tenants.

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How to be a Better Landlord ?

Like everything in life, you may as well be better at something than just getting by. You can be a better landlord by taking some simple steps. When you’re a better landlord, your tenants will be happier and are likely to stay longer. Not just that, by following simple steps you’ll be making life easier for yourself.

Some of these tips for being a better landlord are common sense and some you might not have considered.

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The hidden costs of being a landlord

As with everything in life, things are never quite as simple as you may think. If you’re a new landlord or you’re thinking about letting property as a career or side hustle, there are hidden costs that you need to budget for. If you only account for mortgage costs when setting a rental value you could be in for some nasty surprises down the line.

Before you even advertise your property for rent you need to account for several hidden costs. You need to be in a financial position to deal with the unexpected costs you may encounter. This means you should always have a contingency fund. As a rule of thumb, it’s recommended that you have around 30% of your gross annual rental income set aside to deal with hidden costs such as advertising for new tenants, repairs, and redecoration.

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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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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.

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HMO (House in Multiple Occupation) ABC

House in Multiple Occupation (HMO) refers to a property that is inhabited by more than one separate occupant. They are becoming more and more popular in the UK and in other countries around the world because of the opportunities they offer to their landlords. By renting out one property in separate portions to different tenants, a landlord can generate a decent income in rental yields monthly.

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