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Viewing entries tagged with 'rental'
Some of you may be too young to remember the days in when the entire country gathered around the television to watch Changing Rooms hosted by Carol Smiley. Whilst viewing in part for inspiration but also a little bit in each of us hoping for a horrified reaction from the returning home owners due to Laurence Llwellyn Bowen having painted the entire room with red and black dragons.
Whilst 'reports' can sometimes be fuelled by a PR initiative an interesting topic was posed earlier in the week suggesting that luxury renting would become the new home ownership for millennials.
The type of assured tenancy agreement that applies to a tenant is generally as a result of when the agreement for first made. However, there are differences between assured tenancy agreements made in England and Wales compared to those in Scotland.
When you become a landlord, you take on a number of responsibilities including keeping your rented properties free from hazards and ensuring gas and electrical equipment is safely installed and maintained.
Once you’ve found the perfect property, it’s time to find the perfect tenants. There are a number of ways to go about this – and it’s worth bearing in mind that taking the right approach now could save you a whole lot of stress later on.
What is the ‘Tenant Tax’?
Section 24 of the Finance (No. 2) Act 2015 aims to remove a landlord’s ability to deduct from taxable income their finance costs related to residential property – it’s been dubbed the ‘Tenant Tax’. Instead, this relief will be replaced with a tax reduction, equivalent to the basic rate of income tax.
Property hot spots are areas which experts forecast to be potentially lucrative for investment in the near future. But how do we know which area is a likely to give us the best return on our investment?