Haydar Sehri's blog

Haydar Sehri's blog

Retaliatory Evictions

 

 

Holding onto anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned” - Buddha

 

The fact that retaliatory evictions have been legislated on as part of the Deregulation Act (2015) shows that there are some landlords out there with both poor business judgement and a lack of empathy. It is usually a lot cheaper to fix a problem than pay to evict a tenant and then risk void periods with no rent coming in or a new tenant that makes the same complaint.

New Regulations for Smoke Alarms and Carbon Monoxide Alarms

The government has introduced the Smoke Alarms and Carbon Monoxide Regulations (2015) to ensure that smoke detectors and carbon monoxide detectors are installed at the start of each new tenancy. This took effect as of 1st October 2015.

The law applies to all landlords letting a property to a tenant who occupies part or all of the property as their main place of residence.

You need to:

HMRC is offering a range of support and advice for residential property landlords who want to bring their tax affairs up to date

Below is an article from Jessica Alomankeh, LLAS/UKLAP Projects Coordinator, that will interest landlords:

“HMRC is offering a range of support and advice for residential property landlords who want to bring their tax affairs up to date. Landlords are being offered online training in tax matters from HMRC. The computer-based tutorials will make it easier for you to understand when and how to pay tax on property you have let out.

Revenge Evictions Bill

There are many unscrupulous agents and landlords out there and regulation to stop shady practices is always a good thing, but sometimes it can go too far and benefit unscrupulous tenants.

A new bill is currently going through parliament aimed at preventing landlords evicting tenants who ask for essential repairs to be carried out. If passed, the bill will prevent landlords evicting tenants for up to six months after they have asked for a repair to be carried out.

Good News for London Landlords

There has been good news this month from the Office of National Statistics, average house prices have returned to 2008 levels which is about the time the property crunch happened.

Even better news for Londoners, of the 6 regions that are above 2008 levels, London of course leads the way at a 19.1% increase since 2008.

The full breakdown is as follows:

UK: £272,000, annual rise of 11.7 per cent

 England: £284,000, up 12 per cent

 Wales: £171,000, up 7.4 per cent

 Scotland: £198,000, up 7.6 per cent

Increasing Your Rent

You find a good tenant, receive the rent on time and hear nothing from them for a year until contract renewal which you happily do to as a paying and non-complaining tenant is worth their weight in gold. Do this two or three times in a row and you’re quite possibly losing out on a significant amount of income. It’s easily done.

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