As claims for incorrectly handled property rental deposits soar, landlords are being warned to ensure they, or their agents, are complying with the legal requirements if they want to avoid high penalties.
Barely a day goes by without a local newspaper recording the infringement of a Tree Preservation Order (TPO). These are often accompanied by protestations from the accused claiming they had no idea that a TPO was in place and, more frequently, detailing the fines imposed against them.
For years, homeowners have come to expect that their property value will increase. But headlines predicting a housing slump are backed by figures that show a sustained slow-down of activity in the housing market and a dip in the rate of growth for house prices too. But could that also have a knock-on effect for rental prices? And what is a ‘fair rent’ for the average property?
While listed buildings are often attractive, brimming with character and desirable purchases, they can come with potential headaches for the new owners.
Buying and selling homes is well-regulated in this country and you should be well-protected if you use a competent Solicitor.
This is something to consider urgently if you are a landlord, you are considering buying to let, or even of buying with friends.