Tag Archives: national landlords association

Tenants are being evicted so landlords gain a profit during the Olympics

May 8, 2012

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Some landlords with tenants in East London are evicting people to cash in on the Olympics. Other landlords are even raising rent prices for the duration of the games this summer.

These are illegal practices which housing charity Shelter fear will get worse in the run up to the games which start in July.

Landlords are giving people between one week to three weeks to move out of their properties and some private rentals are rising to £6,000 per week!

The NLA (National Landlords Association) are encouraging landlords to keep their loyal tenants as they may pay a price in the future with bad ones.

Here are some guidelines for landlords with property in East London who would like to rent during the Olympics from the NLA…

1)    Ensure the accommodation is properly furnished and includes beds, sheets, towels and appliances – a Wi-Fi connection will be an advantage

2)    Keep the property to a high standard, tenants visiting during the Olympics will expect good quality accommodation

3)    Check the terms and conditions if using a letting agency to find a tenant; typically, they charge a commission of up to 25%

4)    Use a letting agent that is registered with a professional body such as the UK Association of Letting Agents (UKALA) or the Association of Residential Lettings Agents (ARLA)

5)    Issue a contract for a Holiday Let or Licence. This can be downloaded from a reputable service that supplies such legal forms such as www.oyezforms.co.uk 

6)    Be aware that this type of tenancy contract does not fall within the legislation requiring a tenancy deposit to be protected in a government-authorized tenancy deposit protection scheme

7)    Take an inventory detailing the contents of the property

8)    Ensure that rent for the whole tenancy is obtained upfront

9)    Supply enough sets of keys for the number of people renting the property

10)    Provide information about the area, such as maps, an events calendar and transport advice.

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National Landlords Association supply warning to potential landlords

January 10, 2012

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The NLA (National Landlords Association)

The NLA (National Landlords Association) have issued guidelines for homeowners who would like to go into the let property market instead of selling.

NLA chairman, David Saulsbury has said that while homeowners are waiting for the sales market to stabilise, they are letting out their properties.

“There are currently a record number of people searching for rental properties, meaning would-be landlords would have no problem finding a tenant.

“Letting a property can be a rewarding experience and an effective way of providing additional income, but prospective landlords will need to remember they are effectively starting a small business.

“They must ensure they are well aware of the rules and regulations governing the letting of private residential accommodation.”*

The National Landlords Association are warning potential landlords to follow regulations as house prices are falling this year and the let property market is growing.

Potential landlords must provide a proper tenancy agreement, they must also protect their tenants deposit by using a government – authorised scheme.

The property must be in good condition, any major repair work must be fixed right away and urgent repairs must be dealt with.

Landlord insurance must be one of the first things landlords look into, it is paramount when letting out your property.

Areas that have higher levels of unemployment due to these areas being reliant on manufacturing or the public sector, will more than likely see their property value fall 5% or more in 2012.

Assetz have warned property buyers to look into the areas in which they are investing in this year.

Chief executive of Assetz, Stuart Law has said:

“Now is not the time to take a punt on potentially ‘up and coming’ locations, or those that are dependent on sectors which are at risk from high levels of unemployment.

Landlords must make sure they look after their property and tenants

“The deepening euro zone crisis is far from over and it will no doubt continue to impact the property market here in the UK by limiting the amount banks are able to lend and stifling consumer confidence.”*

He ended by saying the buy-to-let market will remain strong in 2012. If you buy your property in a good area you will see a good reliable income and will hopefully have a large supply of high quality tenants.

*Quotes from mortgagestrategy.co.uk

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National Landlords Association warn tenants to be protected!

November 15, 2011

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Potential sources of carbon monoxide in the home

The National Landlords Association have warned tenants that they must make sure that their landlords are protecting them in their homes.

In the winter months more care and attention is needed, last year a lot of properties had water damage because landlords hadn’t told their tenants how to switch off the water supply when there was an emergency.

Tenants should also make sure that their landlords have given them advice on what to do over the Christmas period. The tenants may want to go away so they need to know how to use their central heating system properly.

National Landlords Association

The chairman of the National Landlords Association, David Saludbury, has urged landlords to properly insulate their properties and become more energy efficient.

“A higher energy efficiency rating, which is measured by an Energy Performance Certificate (EPC), may also benefit the landlord by making a house more attractive to prospective tenants,” he added.

A step that could save lives is checking the carbon monoxide alarm in the property. Safety charity CO – gas safety has told tenants to get this checked if they haven’t already done so.

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