Tenancy deposit scheme freezes VAT

Tenancy deposit scheme freezes VAT Landlords wishing to join a tenancy deposit scheme in 2010 at mydeposits.co.uk can expect to pay the same prices as in 2009. VAT on deposit protection has been cut by the website so that the return of the 17.5 per cent level will not affect customers and prices have been [...]

Private landlords ‘are guinea pigs in LHA experiment’

The editor of private landlord web portal LandlordZONE has said that those who rent out property have essentially been "guinea pigs"in a flawed social experiment in comments relating to the Local Housing Allowance (LHA) scheme.According to Tom Entwistle, the LHA set-up has been "expensive, well meaning but completely flawed".The aim of the programme was [...]

Rental property oversupply ‘decreasing’

Rental property oversupply in the UK is easing, according to the latest survey by the Association of Residential Letting Agents (Arla).The research also indicates that the number of new tenancy agreements being organised in the UK was on the rise in the third quarter of 2009.Some 33 per cent of Arla members surveyed said that [...]

Renters given pre-tenancy agreement tips

Would-be renters have been advised on what action they should take prior to signing tenancy agreements and committing to a property in the private rented sector.The Guardian's so-called Negotiator Marc Lockley has listed a number of things tenants should bear in mind before agreeing to any contract, which may make interesting reading for private landlords.People [...]

Renewal fees on tenancy agreements ‘may be claimed back’

Some landlords could be able to reclaim renewal fees on tenancy agreements following action brought by the Office of Fair Trading (OFT) against lettings agent Foxtons, it has emerged.The National Landlords Association (NLA) has published a breakdown of the High Court decision on the case, in which the OFT sought to determine whether lettings agents [...]

Tenancy agreements ‘can be broken in right circumstances’

Tenancy agreements between private landlords and their customers can be broken in certain situations, according to a UK-based property portfolio management firm.Young London suggests that landlords can allow those residing in their homes to go against the legislation and end the contract early - if the tenant is struggling to pay the landlord rent.Difficulty paying [...]

Arla comments on the HMSS

The Association of Residential Letting Agents (Arla) has welcomed the government's new Homeowner Mortgage Support Scheme (HMSS), but has called on the current administration to do more to help those who have signed tenancy agreements with private landlords.Commenting on the latest initiative, which allows those who fall into financial difficulty to pay less on their [...]

Devon pair break tenancy agreement

An anti-social pair in Devon have broken their tenancy agreements, which has resulted in an eviction.Simon Goy and David Johnson, who rented a flat together in Dawlish, have been linked to more than 180 crimes, as well as disrupting the local area, reports the Herald Express.Teignbridge council suggested that they failed to pay their private [...]

‘Agree tenancy agreement before finding tenant’

New landlords have been advised to arrange their tenancy agreement details before they find someone to rent the property.Estate agent network email4property.co.uk has indicated that any restrictions need to be decided prior to a tenant being located.In landlord advice that will be particularly pertinent to newcomers to the industry, it said: "Try not to be [...]

Scotland ‘requires tenancy deposit scheme’

Scotland needs a tenancy deposit scheme similar to the one implemented in England, according to the Association of Residential Letting Agents (Arla).The renting industry body's operations manager Ian Potter claimed that tenants and landlords north of the border currently have no guarantee that their deposits are safeguarded.He also expressed his disappointment that yesterday's Scottish government [...]