Could Universal Credit Lead To Higher Rent Arrears?

  Could Universal Credit Lead To Higher Rent Arrears?   Landlords need to protect their interests as Universal Credit comes into force.   Patrick Butler pointed out in a recent Guardian article, Under the new system, tenants in receipt of housing benefit will have their money paid directly to them, rather than, as now, (with vulnerable tenants) direct to the landlord... Southwark council, which is one of six areas piloting the change, says that arrears have soared since it started testing direct payments.   Every savvy landlord knows that people who have difficulty managing money wont change just because Government wants them too.   Rising rates of rent arrears makes it even more important that landlords follow the rules under the Assured Shorthold Tenancy Scheme. If they take a deposit from tenants, it is a legal requirement to secure it in a special account until the end of the tenancy and, to be able...
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What you should know about property inventories

Thanks to uPad for providing this article. Get 50% off your first listing. An inventory is a report that details the condition of the property at the start and end of a tenancy. It is signed by both the tenant(s) and the party carrying out the inventory check (usually an inventory clerk).
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Tenants cry foul over deposit reductions

Major independent survey reveals tenant-tension over deposit reductions As the Tenancy Deposit Schemes continue to dominate the news agenda in the residential property industry, digital inventory platform Imfuna is today launching further findings from a major survey of landlords, lettings agents and tenants, which found that 65 per cent of tenants feel that deductions from their deposit were taken unfairly. The survey reveals the factors at play when deposits are withheld; finding that on average tenants have 80 per cent of their deposits returned, with a worrying 16 per cent of the 1,000 tenants surveyed stating that no reason whatsoever was offered for deductions. Landlords on the other hand said that they most commonly make deductions as a result of outstanding rent (70 per cent), closely followed by cleaning costs (69 per cent). Damage to the structure of the house (45 per cent), to furniture (39 per cent) and to...
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Landlords urged to get it right this time

Recent reports suggest buy to let investments are once again increasing in popularity as landlords purchased 20% more property last year, tempted back by cheaper house prices and higher rents.
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Rainy Day Savings are Essential for Maintenance

Property owners have to comply with a range of regulations to ensure they are operating within the law. Normally these are governed by legally binding documents, such as rental agreements with tenants, which set out rights of access to a property, what is included in the property contract – an inventory is normally provided – and responsibilities for key areas, such as repairs and renewals.
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10 Common Reasons Why Inventories Fail at Adjudication

With over 23,500 deposits disputes last year – a figure that is set to increase as tenants become more aware of their rights – it has never been more important to have a proper professional (and independent) inventory.   An inventory is a record not only a property and its contents but also (crucially) their condition at a specific point in time (i.e. at the date the tenancy starts). Many inventories fail to convince the adjudicators because they fall far short of the evidential standards required.  The fact that over 90% of cases are found against landlords indicates that if you do not supply the tenant with a proper professional inventory you may as well not bother at all. These are the most common reasons inventories fail – with tips on how you can ensure your inventories are up to scratch. Problem 1: The landlord used an old inventory that didn’t...
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Video evidence is the only way to protect the interests of landlords

Frazer Fearnhead, managing director of The Video Inventory Agency (TVIA), shares his thoughts on why video evidence is the only way to protect the interests of landlords.
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Top Ten Tips For Renting your property in the UK

Purple Cow properties give top 10 tips for renting your property quickly in the UK.
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POOR INVENTORIES COSTING LANDLORDS £12 MILLION A YEAR

Shocking new figures from The Video Inventory Agency have shown that poorly prepared inventories are costing the residential property market millions every year in lost claims.
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