For more detail on the changes landlords will need to make to their properties and when the new rules come into effect click here to view a video.
For more information on the changes, implemented as part of the Immigration Act 2014, and how they will affect you, click here to view a short video.
Rule changes expected on sub-letting
While many of the changes signalled by various political parties before the General Election are now off the table, the Conservative Government has outlined proposals to make it easier for individuals to sub-let rooms, by banning clauses from being inserted into tenancy agreements forbidding subletting any part of the property without the landlord’s consent.
Although it is some way off from being carried through, such legislation could have negative implications for landlords: in the event of damage to the property or anti-social behaviour by the sub-tenant, it is unclear whether the landlord or the ‘superior tenant’ would be liable and what recourse there would be to evict the sub-tenant. From an insurance point of view, the landlord may also be compromised by possible actions taken by the sub-tenant.
To find out more about the proposed changes and how they may affect you, click here to watch a short video on the subject.
Why Chestertons doesn’t charge extra for organising landlord repairs
You may have seen a recent story in which a major UK letting agent is being threatened with a class action after allegedly charging landlords hidden fees for having maintenance work carried out – essentially charging commission on top of tradesmen’s bills that isn’t set out in its terms and conditions. If landlords join a joint legal challenge it is estimated it could cost the letting agent millions of pounds in compensation, so it’s no surprise landlords, agents and the industry at large has sat up and taken notice of this case.
The only time we would charge landlords anything is when the work is for over £600, in which case we charge a 10% supervision fee.
Other lettings agents were quick to respond, claiming they would never charge “hidden fees” for carrying out maintenance and repairs – but many do still charge commission of up to 25% on tradesmen call-outs.
At Chestertons, we have never charged any fees or commission on these types of repairs – “hidden” or otherwise – and never will. We believe maintaining our landlords’ property is a service both to our clients and their tenants, and we’re proud to offer that service without additional admin fees or extra charges being applied. For more details on what our maintenance, refurbishment and empty property management services, please visit www.chestertons.com/our-services/management/property-management
You can now earn Avios by letting with Chestertons
We’re excited to announce an exciting new industry-first partnership with Avios, the premium rewards scheme, and as of 1 June anyone selling or letting a home with Chestertons is entitled to convert every pound spent into Avios.
Associated with household names such as British Airways and American Express, Avios is one of the most popular and best recognised reward programmes in the world, with more than 5.5 million collectors globally, of which nearly a million are based in London. Through Chestertons’ new scheme, sellers and landlords are able to collect one Avios for every £1 of commission they pay Chestertons for their sales, lettings or management services.
To find out more about how you can benefit from the exclusive rewards programme, visit www.chestertons.com/avios or call into your local branch today.
And finally… Labour leadership hopeful wants Right to Buy extended to private tenants
Labour has been highly critical of the Tories’ Right to Buy scheme, and the planned extension to Housing Association tenants. But leadership candidate Jeremy Corbyn raised a few eyebrows recently when he called for it to be developed still further – to include those who rent from private landlords.
Corbyn, the MP for Islington North and definitely the most Left-wing runner in the Labour leadership race, claimed the policy could help tackle the housing crisis, and get more people in Generation Rent a secure foot on the ownership ladder. Corbyn didn’t give details on how the policy might work, or how it would lead to more new homes being built, but said he wants to launch a consultation into the idea if he successfully wins the leadership ballot.
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