One of the worst things for a landlord is having an empty property that is costing you money. The more potential tenants that are interested in your property, the easier it should be to let it out quickly.
News & Advice
One of the faffs that landlords encounter from time to time is a tenant who agrees to rent a property – perhaps paying a deposit or signing a tenancy agreement – but then simply doesn’t show up. This can be annoying, time-consuming and ultimately quite expensive.
Landlords have many responsibilities, and providing a safe property for tenants to live in is right at the top of the list.
The Ministry of Housing, Communities and Local Government (MHCLG) has recently admitted that updates to form 6A at the end of July were incorrect, and has rolled back the form available on Gov.uk to the previous version. But what was wrong with the form, how did it happen, and is there anything you need to do as a landlord?
The UK Government continues to take steps towards banning section 21, including with a consultation on how to replace section 21 and what landlords and tenants need, to provide fair and effective rental repossession proceedings. But some industry experts are warning that once Section 21 has been banned, there could be a broad range of consequences, both expected and unexpected, on the UK’s still growing rental market.
Despite carrying out detailed checks on your tenants, there is always the risk that they might cause damage to your property – and a cash deposit is the standard way to protect against this risk.