The Key Place Newsletter, September 2016 1st Sep 2016

Welcome to the September edition of our newsletter, giving you news from across the rental industry.  This month we look at the forthcoming regulation of letting agents.  We take you through the check-in and check-out process, not as simple as it sounds.  Investors looking for good returns should consider buy to let in Falkirk, and this is discussed, along with 3 buy to let opportunites.  Finally if you have unintentionally become a landlord then read our article on accidental landlords, as there are many things you may not be aware of.   We hope you enjoy The Key Place newsletter.  Please share with friends and they can subscribe to be added to our mailing list. 

The Regulation of Letting Agents 1st Sep 2016

As our landlords know, the lettings industry is becoming increasingly regulated – both for landlords and their properties, and for letting agents. The Key Place embraces the change as it is raising standards across the industry as a whole; something which is long overdue.

Check-Ins 1st Sep 2016

The check-in process is much more complex than you might imagine. It’s imperative that nothing in the process is missed or it could leave you exposed, and with no leg to stand on if you want to try and recoup costs from the deposit, or take any legal action against your tenant during or after the tenancy.

Check-Outs 1st Sep 2016

The tenancy is coming to an end, however again this is not a straightforward process, and there are a number of steps that must be followed.

Spotlight on Falkirk 1st Sep 2016

Falkirk is a vibrant town located in Central Scotland between Edinburgh and Glasgow. It is well placed for excellent motorway and rail links, and is close by the ports at Grangemouth and Rosyth. Edinburgh airport is only a 25 minute drive away. The town has a wealth of local amenities. Falkirk is the home of the Kelpies (the largest horse sculptures in the world), the Falkirk Wheel (the world’s only rotating boat lift), and of the course the mighty Falkirk FC (of which The Key Place chief exec Robert Young is a fan!).

Buy to Let in Falkirk 1st Sep 2016

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. See accompanying newsletter article ‘Spotlight on Falkirk` for further details.

Accidental Landlords 1st Sep 2016

‘Accidental landlords’ are landlords whose decision to rent out a property is as a result of circumstance, rather than design. Frequently this is because of a death in the family, and the new owner has inherited the property; it may be due to relocation; or often owners find their only option is to rent out the property as they cannot sell.