Lettings law is changing. Are you ready?

With all the changes to landlord legislation announced by the Government, the burden of letting property has never been so high. And if you get it wrong, the penalties are even more severe.

• No fault possession (Section 21) notices are to be abolished.
• Fixed term tenancies will no longer be allowed, and a tenancy will only end if a tenant serves notice or a landlord has a valid reason, which will be defined in law.
• A landlord’s ombudsman is to be created allowing tenants to raise complaints, with the spectre of fixed penalty notices or even expulsions from the sector for landlords.
• Rent reviews and rent increases are set to become harder to implement, with tenants given more power to challenge these changes.
• Tenants will have the right to have pets which the landlord cannot unreasonably refuse, impacting wear and tear and increasing the need for regular inspections.
• All rented homes must have a carbon monoxide detector in every room with a fixed combustion appliance. Landlord’s will be liable if they fail, with the possibility of manslaughter charges being made should the worst happen.
• Properties currently need to be rated E for energy efficiency, but this is expected to be raised to C by 2025.
• You are required to handle your tenant’s data in accordance with GDPR legislation and may need to register with the Information Commissioner’s Office.
• With the introduction of the Decent Homes Standard landlords will be subject to Ofsted-style inspections, with the prospect of unlimited fines for properties that don’t meet criteria.
• Tenants will now be able to rate their landlord – and name and shame - as part of new satisfaction measures.

Confused? Overwhelmed?...

Let us take the hassle and risks associated with property management away

With the Regulation of Property Agents (RoPA), the industry is set to become specialised, with agents requiring qualifications and membership of an accredited scheme to trade. Why not appoint an agency who voluntarily conforms to these standards already, and has a fantastic reputation in the local area, to look after your biggest investment?

ONE Management is our unique all-inclusive lettings and property management service, designed to take the headache out of letting property. For one simple, monthly fee we’ll take care of everything including guaranteed rent, legal protection, managing call-outs and repairs, ‘peace of mind’ boiler breakdown cover, free marketing, as well as the usual management services that you’d expect.

With ONE Management you really can sit back and trust us to ensure your property is managed and let with no hassle, no fuss and no hidden extras.

It may be cheaper than you think

If you’re concerned about the extra costs involved with a fully managed service, then you may be pleasantly surprised to discover that any management fees are fully tax deductible if you run your lettings through a business. If you’re not a limited company, contact us to find out how straight forward it is to set-up a company and benefit from the tax breaks available.

With the risks of fines and prosecution being introduced for landlords who do make mistakes, can you afford not to engage a specialist agent?

Call 0161 511 5339 or complete our callback form to make the switch and protect yourself and your investment!