The position of subtenants under previous residential tenancy regimes was clear – a tenant could not provide any greater rights to the property than they themselves had been provided. The position however under the Private Residential Tenancy has potential for a significant departure and is worth exploring to avoid potential problems. What is subletting? Subletting …
Read more >When trying to attract and secure reliable tenants, is it best to present a flat as furnished or unfurnished? Both, furnished and unfurnished accommodation, play an important part in the lettings market and there are no right or wrong answers to the question. Certainly, landlords are under no legal obligation to furnish their properties. The …
Read more >Despite the Coronavirus pandemic affecting much of regular life over the past few years, one thing that has remained consistent is the numbers of students attending university and other higher education institutions. In fact, in the last academic year (2020/21), there were over 2.6 million students in higher education across the UK, many of whom …
Read more >The Civic Government (Scotland) Act 1982 (Licensing of Short-term Lets) Order 2021 (the Order) came into force on 1 March 2022. Its purpose is to regulate the short-term letting sector by introducing a national licensing scheme to be operated by local authorities backed up by criminal sanctions. In addition, local authorities will be able to …
Read more >The Scottish Government’s New Deal for Tenants is, to coin a well-known advertising slogan, ‘exactly what it says on the tin.’ The 108-page document contains the word ‘tenants’ 289 times — over 100 times more than ‘landlords’ (165 times). ‘Tenants’ rights’ outnumbers references to ‘landlords’ rights’ by nine to one. So what, some might say. …
Read more >What are the requirements for a buy-to-let property? You’ll need a deposit of around 25%, although some lenders will consider 20%. The deposit amount is based on the valuation or the purchase price – whichever is lower. The loan amount is usually dictated by loan to value and a ‘rental stress test.’ In broader terms, …
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