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Latest News impacting Buy to Let Landlords

Introduced in 1933 by the Local Government Finance Act 1992, council tax is imposed on households in Britain based on the number of people living in the property and what its value would have been on April 1st 1991 (2005 in Wales). From this, the Valuation Office Agency (VOA) will give your home a valuation band which determines how much you will be required to pay. Use this quick link to find out which band your property belongs to. 

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Guarantors

By Brad Askew on 27/11/2014 with comments

A guarantor acts as a safety net, stepping in to cover rent or property damage costs if the student tenant fails to meet these obligations. By agreeing to be a guarantor, someone like Alex's mother, Elizabeth, legally commits to cover not just Alex's potential missteps, but also those of his housemates in certain agreements.

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The provisions in the Sentencing and Punishment of Offenders Act 2012 (LASPO) that made squatting a criminal offence do seem to have made a difference to how speedily squatters can be removed from vacant premises. The only evidence I have for this is that my law firm has had only one case concerning squatters since it was introduced.

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New regulations concerning the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 came into force on 13th June 2014 and will affect landlords who use letting agents. Although the new regime does not directly cover contracts for rental of residential accommodation, the new regulations do have a big impact on how a letting agent’s terms of business should be presented to the landlord.

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A lot of landlords ask us what they can do if a tenant who has moved out leaves goods and possessions in their property. It’s not an uncommon situation at the end of an AST period and is frequently the case when a tenant does a moonlight flit and disappears.

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