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Being a landlord in 2024 has been probably more challenging than it has ever been and it's about to get harder. More profitable, but harder so stick with me here.
Hopefully, you will all have heard about the Renters Rights Reform Bill (under the previous government) that became the Renters Reform Bill (under the new government). We are anticipating this new legislation to be implemented next Summer.
The Bill is nothing to be concerned about unless you are what they term a 'rogue landlord' and I know there are very, very few of those in our area; so we are ok.
However, the new reforms are strict and what concerns me is, there are some excellent landlords out there, who bend over backwards to provide a decent home for their tenants but who can also be quite ignorant of the law.
E.g. Not carrying out a Right to Rent check, not serving the correct documentation at the beginning of the tenancy, innocent situations like sharers and their relationships or more complex legislation surrounding HMO and licensing compliance.
Whatever it is, these all too common mistakes carry a lot of liability in the shape of potential prosecutions, fines, banning orders and in extreme cases imprisonment. Fines can be up to £40,000 with the average £7,000.
At Angela Marden Estate Agents we spend a copious amount of time on training courses, webinars and seminars. We keep up to date with all the reading literature and industry news alerts that have been known to slip under the radar and come through (as during covid times) a few minutes after midnight. We are QUALIFIED! Yep, we have taken and passed exams with ongoing recorded CPD. We belong to the leading bodies i.e. Propertymark and NRLA. We take our responsibilities very seriously.
We truly are your local experts. We can help you keep your money, make more money and stay compliant all the same time. We can help you if you are in a complete mess and get you back on the straight and narrow. We can help if you are just unsure about something and have a question to ask. Regardless of your level of need or want we CAN help!
We are on a mission to educate and support our local Landlord community. This is what we do for a living all day every day. Don't take chances, call me on 01323 818000 I am Angela.
09 January 2025
Being a landlord in 2024 has been probably more challenging than it has ever been and it's about to get harder. More profitable, but harder so stick with me here.
Hopefully, you will all have heard about the Renters Rights Reform Bill (under the previous government) that became the Renters Reform Bill (under the new government). We are anticipating this new legislation to be implemented next Summer.
The Bill is nothing to be concerned about unless you are what they term a 'rogue landlord' and I know there are very, very few of those in our area; so we are ok.
However, the new reforms are strict and what concerns me is, there are some excellent landlords out there, who bend over backwards to provide a decent home for their tenants but who can also be quite ignorant of the law.
Ignorantia juris non excusat - Ignorance is no defence in law.
E.g. Not carrying out a Right to Rent check, not serving the correct documentation at the beginning of the tenancy, innocent situations like sharers and their relationships or more complex legislation surrounding HMO and licensing compliance.
Whatever it is, these all too common mistakes carry a lot of liability in the shape of potential prosecutions, fines, banning orders and in extreme cases imprisonment. Fines can be up to £40,000 with the average £7,000.
At Angela Marden Estate Agents we spend a copious amount of time on training courses, webinars and seminars. We keep up to date with all the reading literature and industry news alerts that have been known to slip under the radar and come through (as during covid times) a few minutes after midnight. We are QUALIFIED! Yep, we have taken and passed exams with ongoing recorded CPD. We belong to the leading bodies i.e. Propertymark and NRLA. We take our responsibilities very seriously.
We truly are your local experts. We can help you keep your money, make more money and stay compliant all the same time. We can help you if you are in a complete mess and get you back on the straight and narrow. We can help if you are just unsure about something and have a question to ask. Regardless of your level of need or want we CAN help!
We are on a mission to educate and support our local Landlord community. This is what we do for a living all day every day. Don't take chances, call me on 01323 818000 I am Angela.