Historically, Scotland had its own form of property tenure known as ‘feuhold.’ Still, the abolition of this feudalism-dominated Scot law ended feuhold by introducing the ‘Outright or Absolute Ownership’ tenure – an equivalent of England’s ‘Freehold’ tenure. Although some isolated areas in Scotland still have leasehold properties, it is much more common in England. In …
Read more >Whatever the price you paid for your rental property, it will likely be among the biggest financial commitments you’ll have, and therefore constitutes a very serious investment. When this property is of a higher-than-average value (typically £500,000 and above, looking at Edinburgh’s rental market specifically), then there can be more at stake when it comes …
Read more >What the New Rent Controls Mean – How to Work out the ‘Calculated Amount’ and ‘Market Difference’ With the final period of the Cost of Living (Tenant Protection) (Scotland) Act 2022 (the Act) coming up fast on 31 March 2024, the question that was on the Private Rented Sector’s mind was “what is next”? Were …
Read more >What could this mean for the PRS? The eviction moratorium and the rent cap are scheduled to end on 31 March 2024. Scottish Ministers plan to bring forward transitional measures in order to avoid “significant and unmanageable rent increases for tenants” when the emergency measures end. Scottish Ministers published draft regulations on 24 January 2024 …
Read more >Renting a property in the UK comes with a set of rights and responsibilities that both tenants and landlords must adhere to. Some 19% of people in the UK are in rented property, and 15% of all households in Scotland are rented, making the experience fairly common and the need to understand rights even more …
Read more >Did you make a New Year’s Resolution? After reflecting on the year that has past, many people decide to make bold changes and new commitments that they hope will bring improvements to the year ahead. If we cast aside the divided science and evidence on the efficacy of making such resolutions for a second, and …
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