Real Estate

The Tenant Fees Act sets out the government’s approach to banning letting fees paid by tenants in the private rented sector and capping tenancy deposits in England.

The aim of the Act is to reduce the costs that tenants can face at the outset, and throughout, a tenancy, and is part of a wider package of measures aimed at rebalancing the relationship between tenants and landlords to deliver a fairer, good quality and more affordable private rented sector.

Tenants will be able to see, at a glance, what a given property will cost them in the advertised rent with no hidden costs. The party that contracts the service – the landlord – will be responsible for paying for the service, which will help to ensure that the fees charged reflect the real economic value of the services provided and sharpen letting agents’ incentive to compete for landlords’ business.

The ban on tenant fees will come into force on 1 June 2019.

The government will shortly be publishing guidance for tenants, landlords and letting agents to help explain how the legislation affects them. Keep an eye on our Blog for further updates.

Source: https://services.parliament.uk/Bills/2017-19/tenantfees.html

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Houses in Multiple Occupation* are facing new rules starting 1st of October. Landlords have just a couple of days more to apply for the licence.

Landlords urged to apply for new mandatory HMO licence as deadline approaches

*HMO criteria:

• is occupied by five or more persons
• is occupied by persons living in two or more separate households
• and meets:
o the standard test under section 254(2) of the Act
o the self-contained flat test under section 254(3) of the Act but is not a purpose-built flat situated in a block comprising three or more self-contained flats, or
o the converted building test under section 254(4) of the Act.

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A good first impression is always a long term benefit, but can it actually be a short-term win. And by ‘win’ we mean a sell! 🙂

Our experience says ‘Yes’ and we’re giving you one extra tip:

make sure the bathroom of the selling property is very clean and in the trends!

Here are some good aspects to consider improving in the bathroom:

Contemporary Bathroom Design: Elegance is Always in Vogue

Ready to make the necessary changes?

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1. Did you know that trespass is not just confined to people? If climbing plants such as ivy or wisteria extend into a neighbouring garden it is considered trespass and if damage is reported the home owner could be liable.

Photo source: https://bit.ly/2MObtzi

2. Movement due to the proximity of trees to a building is a common problem. A mature poplar can take up to 50,000 litres of water from the sub soil each year.  The root radius of a tree is often equal to or greater than its height above ground level. In some cases, e.g. willow, poplar, elm the radius can be up to twice the height.

3. Did you know that it’s possible to remove a chimney breast from a bedroom to make way for a fitted wardrobe, for example, and leave the chimney stack above?  But you can’t just leave it hanging there – it will need to be properly supported, usually with a substantial concrete or steel lintel.

4. Efflorescence is a common sight in new brickwork. It’s caused by soluble salts in solution being brought to the surface as waste in the wall dries out. It is usually a harmless, temporary problem often occurring in spring following a wet winter. The main concern is the unsightly appearance caused by the white staining that it produces.  Persistent efflorescence may indicate a design or construction fault.

 

5. The problem with wood worm is that it can fly! Woodworm isn’t a worm at all, rather it is the larva stage of the common furniture beetle. The female beetle starts the life cycle process by laying eggs directly into the timber through cracks, crevices and existing flight holes. The larval stage can last up to 5 years. The holes associated with woodworm are the flight holes of the emerging adult beetles.

Photo source: https://bit.ly/2D5ZqO0

6. If a chimney was built before 1965 the construction would have been controlled by local bye-laws. It was only with the 1965 Building Regulations that there was a requirement for all chimney flues to be built with liners. That is not to say older chimneys would have been unlined – often the flues were rendered with a lime render – but the approach was not consistent.

7. Radon gas is a radioactive gas, but you can’t see, smell or taste it!  Because it is radioactive, it has considerable implications for people’s health.  It originates from the rocks and soil found everywhere in the UK. The radon level in the air we breathe outside is very low but can be higher inside buildings because it can accumulate in confined spaces. Public Health England has produced a map showing the areas where there is a greater risk of radon gas.

Source: 7 facts about property that you (probably) didn’t know….

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Photo source: https://imdb.to/2wKEEht

Photo source: https://imdb.to/2PFOatg

Photo source: https://imdb.to/2Neri6z

 

 

 

 

 

 

 

 

What do these three movies have in common?

There are actually at least 2 things:

  1. They are all Oscar winners
  2. Their action happens at one point in London

Property Division did a top 10 of locations in London that appeared in famous movies that got an Oscar:

Kensington Gardens

Canary Wharf

Buckingham Palace

Scotland Yard

Greenwich Royal Naval College

Waterloo Station

Somerset House

Westminster Cathedral

Regent’s Park

Royal Naval College

The city as seen in the movies! Here are the Oscar awarded movies that ‘starred’ England’s capital!

London at the Oscars

Obviously, most of them are historically based in London… or featured the Queen… or other types of royalties!

Which one is your favorite?

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