The PRS in 2017 1st Jan 2017
The Private Rented Sector (PRS) in Scotland now represents 14% (350,000) of all households, and it is set to keep on growing. However it doesn’t come without its challenges, and landlords and investors need to think ahead and plan how to manage their rental properties. We take a look at forthcoming changes in 2017 and beyond.
Letting Agents Save you Money 1st Jan 2017
A new survey by Endsleigh Insurance has found that using a letting agent can save a landlord approximately £1910 per year.
Why an Inventory is Vital 1st Jan 2017
The number of properties in the Private Rented Sector is increasing, and it is essential landlords do everything they can to protect what is likely to be their biggest asset. An inventory, which costs landlords a relatively small amount of money, ensures that any damage done during the tenancy can be clearly identified, and as such offers a level of protection to both parties. In practice, inventories are essential in order to provide evidence regarding the condition of the property and its contents at the start of a tenancy. Without an inventory, it is very unlikely a landlord would be awarded money from the deposit scheme to cover damage, cleaning costs etc. An inventory is a ‘detailed list of all things in a place`. It is a piece of documentation itemising property fixtures,...
Tenancy Deposit Schemes 1st Jan 2017
Lindsays is an award winning law firm that combines a high quality of service with legal expertise to deliver the best possible outcomes and results for individuals, families and businesses. Within the housing sector, the Lindsays team offer a wide range of specialist legal services for landlords. Follow the link below to read Lindsays' detailed account of Tenancy Deposit Schemes.
Buy to Let in Falkirk 1st Jan 2017
Landlords have a tendency to purchase in areas they are knowledgeable of in terms of property prices, monthly rents and the local amenities that attract tenants to an area. However, it may well be worth considering unfamiliar territory. Towns on the outskirts frequently enjoy lower property prices, and therefore higher rental yields. And you are on to a winner with Falkirk as property values are climbing steeply too. Follow the link below to read our latest Falkirk Property News, packed with useful information for landlords and investors.
Night Time Safety 1st Jan 2017
Security in a rented property can be a confusing issue – who has responsibility for what? As a landlord, you are responsible for ensuring the safety of the tenants as far as the property being secure is concerned, and the tenants themselves need to act responsibly, especially in relation to their belongings.