This week, nobody’s favourite topic: lettings law!
It’s not thrill-a-minute stuff, but it’s important – a lot of changes came in on October 1st, and if you’re not aware of them it can land you with a fine or affect your ability to get your property back at the end of a tenancy.
The changes we discussed were:
- Smoke and carbon monoxide alarms are now mandatory (more here)
- There’s a new form to use for ending a tenancy with a Section 21 notice (more here)
- A Section 21 notice can’t be valid unless you’ve served a new government booklet first (more here)
- New measures to prevent retaliatory evictions mean you need to be diligent about communications relating to repairs (more here)
Resource of the week
Thank you to Scott Elliott for pointing us towards Resolver – a website designed to make it easier to complain about companies that have messed you around.
It walks you through the exact process and even gives you pre-written templates to use, taking a lot of the aggravation out of claiming compensation or just having a rant. Just don’t get any ideas about complaining about The Property Podcast…
News this week
According to research, 60% of buyers in London prefer first floor flats – with 30% wanting a higher floor, and only 5% preferring the ground floor.
That surprised us, and didn’t ring true with what we’ve seen in blocks we manage outside London, but it shows that it’s worth researching local trends and preferences if you’re in the market for flats.
This week’s mentions
Hot on the heels of our October meetups, we had a great time last weekend at The Property Hub Summit – our quarterly full-day masterminding session with 16 eager investors.
It was our last event of 2015, and we’ve now put two dates on sale in February 2016 – Saturday 21st and Sunday 22nd February. There are only 16 places on each and they won’t hang around, so click here to find out more and book your place.
Join the conversation
What do you think of all this new legislation?
Does it make your life easier or harder if you self-manage?
We’d love to know, so join the discussion in The Property Hub!
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