If you let out a property, you already know about the Minimum Energy Efficiency Standard, or MEES. But some important changes have recently come into effect, so here’s a guide to the details.
Although proposals were announced by the Government back in April, letting agent regulation has still not been introduced in England. As it stands, while agents have to be registered with a redress scheme and protect all deposits they hold, there’s no requirement for them to undergo mandatory training or work to a specific code of practice. The three key things the Government has proposed introducing are:
As well as the new Stamp Duty Tax rules that came into force this month affecting Buy-to-Let (BTL) investors, property landlords are now facing further scrutiny from the Bank of England (BOE).
As most landlords know, the regulations regarding Smoke Alarms changed in October 2015.
Most landlords are responsible individuals who treat their tenants fairly. However, there are always going to be a few unscrupulous individuals who don’t play by the rules. Unfortunately, this can lead to misery for many tenants.
As a landlord, we know there are a lot of rules and regulations to follow. But, they’re not just there to promote the safety of your tenants, but also of your property, investment, which in many cases represents a significant part of your income.
Landlords have many responsibilities, and providing a safe property for tenants to live in is right at the top of the list.
How energy efficient is your rental property? A property that is energy efficient will be more comfortable for your tenants and will help them save money on their bills. But there’s another reason it should be efficient: The Domestic Minimum Energy Efficiency Standard (MEES) Regulations.
Twinkling lights and festive decorations are the best ways to bring Christmas ambience into your home and the community. Kids love the displays on properties around the area, and some homes go all out with hundreds of lights to make it a special time for all. However, although this is the season for good tidings, for some outlandish displays and bright illuminations well into the night can cause tension amongst neighbours.
On 1 June 2020, the government introduced The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020.
With interest rates still at rock-bottom, a buy-to-let property remains one of the best ways to make your savings work for you. However, landlords are coming under increasing pressure as new regulations remove tax relief; it’s more important than ever to get the most out of your rental property. Here are a few key factors that affect the price of your buy to let home.