What Can My Landlord Deduct From My Deposit Prior to Moving Out?

July 24th, 2019 by admin

Renting a property comes with its legal obligations and rights for both tenants and landlords. And one of those is securing the mutual tenancy agreement by monetary payment, made in advance by the tenant and called a tenancy deposit. This “front money” is generally considered as protection of the lessor’s rights, with respect to safeguarding their interests. The deposit aims to ensure the intact and rentable condition of the property upon the end of the tenancy, as well as to secure the retrieval of any unpaid rent or expenditures on outstanding utility bills and taxes. So, this article will help both renters and property owners understand deposit deductions and everything related to their rights and responsibilities when the agreement comes to an end. Tenancy Deposit Protection in the UK – What is it? Since April 2006, landlords have been legally... [Read More]

Navigating Universal Credit as a Landlord

July 7th, 2019 by admin

Universal Credit (UC) is now available everywhere in Great Britain. Whilst the rollout has not been without controversy, it doesn’t have to be a reason for landlords to worry. Just Landlords specialise in insurance for landlords, including rent guarantee to help protect your investment. Andrew Truglia from Just Landlords has written this handy guide to assist you in navigating through the complex world of letting to tenants on Universal Credit. What is Universal Credit? UC is the replacement for a host of benefits that were previously paid separately, including, but not limited to, Housing Benefit, Jobseeker’s Allowance and some tax credits. Anybody aged between 18 and 60, in work, or out of work, can potentially claim it. In the past, social landlords received their tenants’ rent directly from the local authority, but under the new UC system, most tenants will... [Read More]

Tips & Advice: How to Successfully Vacate a Buy-to-Let Property

July 1st, 2019 by admin

So you have decided it is time to vacate the place you have been renting (i.e. a buy-to-let property)? If it’s your first time leaving as a tenant then you are reasonably stressed out over uncertainty and lack of experience. The big questions are: How to get your tenancy deposit back and how long that would take? Those are likely not your only worries as time constraints, packing, cleaning, and moving out do require effort and nerves. Also, the whole routine isn’t a pleasant one for your landlord. Often landlords have to deal with irresponsible tenants, property damages, broken appliances, neighbour complaints, past-due bills or worse. Consult the Tenancy Agreement The first thing to do is to check your tenancy agreement. If it is an Assured Shorthold Tenancy agreement that means the tenant has agreed to rent for a minimum... [Read More]