For many business owners the option of leasing commercial premises rather than purchasing a freehold property outright is often a much more favourable alternative.
On 15 April 2019 the Government announced plans to abolish section 21 of the Housing Act 1988. Under section 21, so long as the initial fixed term is at least six months, Landlords are presently entitled to terminate an assured shorthold tenancy (AST) on two months’ notice without any underlying reason or fault on the part of the tenant.
Recent reforms suggest that the pace of regulation and protection of tenants is increasing.
Why failing to issue a gas safety certificate to a tenant could stop you from getting your property back
A recent High Court case should serve as a warning to landlords who fail to provide tenants with gas safety certificates before moving in.
Under the Gas Safety (Installation and Use) Regulations 1998, landlords must provide their prospective tenants with an up to date gas safety certificate before they move in, and give existing tenants the property’s updated gas safety certificate following each annual check.
The provisions of the Tenant Fees Act 2019 (the “Act”) came into force on 1 June 2019. The Act prohibits landlords from charging certain fees or requiring certain payments that are not specifically permitted by the Act (the “Ban”), and applies in relation to any tenancy agreement, student let or licence to occupy housing in the private rented sector. The Act does not require landlords to pay back any amounts that may have been charged before 1 June 2019.
Originally posted in Charity Finance - November 2018.