The last year has been a busy and eventful one for the Scottish lettings sector, with a new type of tenancy introduced and booming tenant demand.
But what do landlords need to do to ensure their properties are kept up to scratch and they remain successful in 2018? Continue reading
The relationship between landlord and tenant is a delicate one, complete with terms, conditions and dual obligations. The majority of tenancies run smoothly, but sometimes issues can arise before, during or after a tenancy. This can lead to complications for both parties – deposit deductions being one of them. Continue reading
Over 70% of Scots are happy to rent a property, according to new research, with many opting to live in the private rented sector for lifestyle reasons and the added flexibility it provides.
We’re now well into the autumn and it won’t be long before temperatures plummet and the weather becomes inclement.
How much does it cost to operate one private rental property per year? This is a question that new or would-be landlords may be asking themselves, and now high-street lender Nationwide has calculated precisely how much, on average, it costs to run a single privately rented home. Continue reading
As a landlord, you will have your own specific rules on smoking inside rental properties. For most, it’s a prohibited. In the majority of tenancy agreements, smoking will be outlined as one of the things that is not allowed as the risk of damage, stains and other issues is deemed too high. Continue reading
An interesting news item caught our eye recently, with SafeDeposits Scotland – the Glasgow-based, government-approved tenancy deposit scheme – revealing that one Edinburgh tenant forget to claim back a cool £5,250 deposit. Continue reading
It is now only a few months until the phasing out of mortgage interest tax relief begins – from April 2017 landlords will no longer be able to claim tax relief at their marginal rate of tax. Instead, the maximum tax relief for all landlords will be set at the basic tax rate of 20%, which is expected to have an adverse effect on the profits of a significant proportion of landlords. Continue reading
There is no shortage of research telling us about the importance of good broadband in rental properties. It is no longer a luxury, but a necessity. Tenants will no longer hope for fast, efficient broadband, they will expect it. Continue reading
Consultation has started on proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016. This consultation commenced on 3 October and will last for 12 weeks. The new tenancy is expected to come into force in December 2017.