The Key Place Newsletter, November 2016 1st Nov 2016

Welcome to the November edition of our newsletter, giving you news from across the rental industry.  This month we look at how the Private Rented Sector is performing; we look at the changes to electrical safety in private lets; along with Lindsays solicitors we explore the Private Rented Housing Panel and the Repairing Standard; we give you some top tips for winter proofing your property; and we tell you how to hold onto good tenants.  We hope you enjoy The Key Place newsletter.  Please share with friends and they can subscribe to be added to our mailing list. 

Market Analysis 1st Nov 2016

The latest Citylets report shows that average Scottish rents are continuing their upward trajectory due to strong growth in Edinburgh and Glasgow, and a chronic lack of rental housing stock, particularly across the Central Belt.

Electrical Safety - Final Deadline 1st Nov 2016

New legislation came into force on 1st December 2015 regarding electrical safety checks, with The Housing (Scotland) Act 2014 requiring landlords to comply with the Repairing Standard by having fixed wiring Electrical Installation Condition Reports (EICR) carried out on their rental property every 5 years.

Private Rented Housing Panel 1st Nov 2016

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 what the Private Rented Housing Panel is, how it works, and who can apply.

The Repairing Standard 1st Nov 2016

The Repairing Standard, contained in the Housing (Scotland) Act 2006, covers the legal and contractual obligations of private landlords to ensure that a property meets a minimum physical standard. There are serious penalties for non-compliance which can include cessation of rent and even criminal charges being brought.

Winter Proofing your Property 1st Nov 2016

Whilst enjoying this late autumn sunshine, it is worth turning your mind for a few minutes to the cold winter months that may be just around the corner, and considering how you can protect your buy to let investment against the less clement weather conditions that us hardy Scots are used to.

How to keep good tenants 1st Nov 2016

The Private Rented Sector (PRS) in Scotland now represents 14% (350,000) of all households, and is set to keep on growing. As rental has become the norm for an increasing number of people, landlords want to do what they can to hold onto good, well-paying tenants. However tenants have higher expectations of their rental property these days, and so it is essential that landlords pay attention to them, and to their needs. So how to keep good tenants . . . that is the question . . . ?