Welcome to the Beth Alexandra Property blog. In this blog you will find regular updates on Property news, Tips on moving and selling your home, Letting your property and everything else in between!
Showing posts with label rent. Show all posts
Showing posts with label rent. Show all posts
Tuesday, 17 March 2015
Smoke & Carbon Monoxide Alarms
Landlords will soon be required by law to install working smoke and carbon monoxide alarms in all their tenanted properties, this is expected to be in place from October 2015. The smoke alarms will need to be installed on every floor of the property and tested at the start of a tenancy. The carbon monoxide alarms will be required in high risk rooms, for example where a solid fuel heating system is installed. During the tenancy period it will be the responsibility of the tenant to maintain and test the alarms and to report any faults.
The fire service are on hand to support private landlords on meeting the requirements and new responsibilities. Grant funding from the government will enable landlords to claim free smoke and carbon monoxide alarms, the allocation of funding will be announced in due course.
Landlords who fail to comply are at risk of facing sanctions and be landed with a bill of up to £5,000 civil penalty.
The new compliance will bring property up to standard on current building regulations, new builds are required to have hard-wired smoke alarms installed.
It is a simple safety procedure that will save lives and a simple understanding for both landlord and tenant as to where their obligations lie on installing, testing and maintaining.
Make sure your property is up to standard!
Beth Alexandra Property Specialists
Thursday, 5 March 2015
Energy Performance Certificate
Energy Performance Certificates (EPC) were originally introduced as part of the Home Information Pack (HIP) required to market your property, since the HIP was suspended in May 2010 the EPC was to remain a mandatory requirement. When putting your property up for sale or rent you must have an up to date Energy Performance Certificate and it is required for any property with a tenancy commencing on or after 1st October 2008.
Visually the EPC is the colour coded chart you see on property details listed by estate agents, it is usual practice for your estate agent to make the arrangements for the EPC to be carried out with your instruction. The chart is split into 'Energy Performance Rating' and 'Environmental (CO2) Impact Rating' both rated A (most efficient) to G (least efficient). Also included in the certificate document is information on the property's energy use and typical cost along with recommendations on how reduce energy use and save money. It is valid for 10 years unless any changes are made that can effect the rating i.e insulation, double glazing or a new boiler.
Having this information readily available is all well and good, providing that extra bit of information for potential buyers and tenants on the energy efficiency of a property. But I have often wondered why there has never been a requirement in place for what rating the property should be at or above, especially for rental property. Then what was released a couple of weeks ago....
As of 1st April 2018 all rental property must have a minimum rating of at least an E. This new stipulation means that any property rented out with a rating of F or G is illegal. This could be a costly rule to adherer to for most landlords so my advice is to put a plan in place now to budget for any work that needs carrying out to bump up the EPC rating to an E or above. Don't leave it too late or it will cost you more in the long run!
If you need an Energy Performance Certificate please contact us Beth Alexandra Property Specialists 01344 771278 or email property@bethalexandra.com
Friday, 28 November 2014
Avoid An Empty Property Over Christmas
So, have your tenants recently given notice to leave your rental property? Panic sets in because its getting closer to Christmas and the last thing you want is the thought of an empty property while tucking into your Christmas roast, fear not! Here are some hints and tips to effectively find a tenant sooner than you may think...
Confirm an exact date of when your current tenants will be vacating the property, ideally in writing and signed by both parties so a specific date is agreed.
Inspect the property before the tenants move out, make a snag list of all the odd jobs i.e fixing a leaky tap or lose door handle that can be done while the property is still tenanted. Bigger plans like painting or new carpets you can have scheduled to be carried out the minute your current tenants leave.
Instruct an agent (ahem, Beth Alexandra Property Specialists) to list the property and activate it 'live' at least one week before the end of the tenancy. Give your current tenants plenty of notice so the property can be prepared for the photographs.
Arrange an open day for potential tenants to view, preferably before your present tenants leave. It is usual practice that current tenants must co-operate with access for viewings during the last month of their tenancy.
The sooner viewings commence the sooner a new tenancy can be secured and less time the property is left empty.
It all seems easy when put into 5 simple steps, the key is knowing your plan, being organised and carrying it forward. So get started!
Monday, 6 October 2014
Is Your Tenancy Deposit Secure?
If you are a tenant renting a property who signed an Assured Shorthold Tenancy agreement and paid a deposit under this agreement, have you made sure that your deposit is secure? All deposits paid under an AST from 6th April 2012 in England and Wales must be secured in a Government funding protection scheme. The funds have to be registered with 30 days of of receipt of the landlord and confirmation should be forwarded to the tenant so they are aware where the deposit is being held. The information should also include:
- The full address of the property being rented
- How much deposit has been paid
- Details on how the deposit it being protected
- The contact details of the tenancy deposit scheme and its dispute resolution service
- The landlords contact details
- The letting agents details (if applicable)
- Contact details of any third party who has paid the deposit
- Instruction on how to claim the deposit back
- What to do if there is ever a dispute
The protection scheme is in place to ensure the deposit is returned to the tenant at the end of the tenancy in full or in case of a dispute the negotiation is dealt with professionally.
At the end of the tenancy the deposit should be transferred back to the tenant within 10 days of agreeing the amount. In the likelihood of a dispute the tenancy deposit scheme will continue to be protect the funds until the negotiation has been settled.
Beth Alexandra Property Specialists
Wednesday, 17 September 2014
Landlord and Tenant Responsibilities
Landlord and tenant responsibilities are always made clear in a standard Assured Shorthold Tenancy agreement but why do we still hear of bad experiences?
The foundation of a good relationship between landlord and tenant is respect on both sides and understanding what your responsibilities are.
For a landlord this involves making sure the property is free of any health hazards and safe for tenants to live in. The following checks must be carried out prior to tenants moving in:
Gas safety check - must be carried out by a Gas Safe registered engineer and provide the tenants with a copy of the certificate for proof.
Electrical safety - the electrical system and any appliances should all be checked and safe to use.
Fire safety - making sure the tenants have access to escape routes and all furnishings supplied are fire safe.
Landlords are always responsible for repairs on the structure and exterior of the property. Any type of sanitary fittings i.e sinks/baths/WC. Heating and hot water should always be in full working order. Bear in mind, any repairs needed due to the tenants own fault, there will need to be some compromise. This takes me onto the tenants responsibilities:
Pay the agreed rent on time.
Pay any utility bills that are not included in the rental amount i.e council tax, water, electricity & gas.
Take good care of the property, repair any damage caused by you, family or friends.
How easy does all that sound? In practice it should be and it makes sense!
These are just the basics and the obvious points but the responsibilities need to be clear and understood. Its the grounds of a good landlord and tenant relationship, start as you mean to go on.
Beth Alexandra Property Specialists
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