A comprehensive inventory carried out at the start of each tenancy can avoid numerous problems when it comes to the tenant moving out. By recording the property accurately - including any existing damages and giving the tenant(s) the opportunity to review the inventory and make any amendments - all parties should have a clear understanding of how the property should be returned at the end of the tenancy.
It already happens. There are already letting agents who sell property for their landlords. In fact, there are letting agencies that are now known more for their estate agency side than their letting side. The letting agents who already sell property, both tenanted and vacant, are usually large agencies with significant resources.
Read MoreThe structure of the property industry has remained the same for numerous years. On the surface, the market is constantly changing, but the internal systems rarely shift. With the recent decline in shares of Countrywide and Foxtons, it is becoming more apparent that seismic changes are occurring.
Read MoreIf a landlord takes a deposit from their tenant, the deposit must be transferred to an approved tenancy deposit scheme within 30 working days of the tenancy start date. This is required under the Tenancy Deposit Schemes (Scotland)
Read MoreFire Safety is always of the upmost importance. Never more so than in a house of multiple occupancy (HMO) . It's the responsibility of a Landlord or their managing agent
Read MoreHello, Matthew here with a quick Summer 2017 update. Ah summer, time to enjoy the consistently good weather! Or possibly you’re working around the clock, pulling your hair out, moving tenants out of properties, trying to get decorating and cleaning finished before new tenants move in!
Read MoreARLA Inventories, formally APIP Inventories, is a training, examination and membership that demonstrates to landlords, lettings agents and tenants that a level of standards is adhered to.
Read MoreIn 2017 a new 'seal of approval' for the property industry has been launched and it's called 'Property Mark'. The launch from NARA and ARLA aims to create a recognised identity instead of the unknown NFOPP.
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