Because of its prominent role in the home buying/renting process, it’s important for buyers or tenants to understand what a credit score is, how it’s compiled and how to obtain their credit report.

Buying or renting a new house can be stressful enough without nasty surprises such as a poor credit rating slowing things down, especially when it may be easy to improve if you know about it in advance. 

When choosing to rent, letting agents and landlords want to know you are credible and can pay your rent on time. An easy way for them to check this is to look at your credit report. If you know your score in advance, you can plug any holes in your credit history, consolidate any debts and help make sure you get the home you want.

Homebuyers are subject to similar scrutiny. Each time you apply for a mortgage (or any other credit like a loan or credit card),it leaves a record on your credit report. Lenders and mortgage

A House in Multiple Occupation, which forms part of the Housing Act and may apply to the Landlord and Tenant Act, is any property that houses two or more ‘families’, who share communal facilities such as bathrooms, gardens, stairs, corridors and kitchens. An example may be a house which is accommodated by several students who share kitchen and bathroom facilities.

Determining who is responsible for cleaning the communal areas in a HMO can, surprisingly, be a bit of a tricky issue.

What does the Regulations say?

 

Here’s the first section of The Management of Houses in Multiple Occupation (England) Regulations 2006 says about maintaining common parts:

7.—(1) The manager must ensure that all common parts of the HMO are— (a) maintained in good and clean decorative repair; (b) maintained in a safe and working condition; and (c) kept reasonably clear from obstruction.

So, it clearly states it is the manager’s (i.e. the landlord) responsibility to maintain common parts “in good and clean decorative repair”, which is always the case.

Property Visits

Leading independent inventory provider, No Letting Go, Says that regular property visits are vital to protect landlords and letting agents from various activities that tenants can get up to, including the growing risk of subletting scams and cannabis growing.

Stressing the importance of an independent and professionally compiled inventory to protect the landlord’s interests, the UK’s largest provider of inventory services also says that a commitment to the check-out process helps to provide financial cover in the event of property damage.

Reporting the increasing incidence of subletting scams’ No Letting Go says this occurs particularly when it comes to fraudsters with short-term lets using popular on-line platforms to rent out their landlord’s properties without permission.

Quoting a recent example, which featured on BBC One’s Inside Out programme, the company says that the programme saw a managing agent discover a family being checked into a rental

According to a research conducted back in 2018, nearly half of UK’s population owns a pet. The same statistic also suggests that now, roughly one in five homes is occupied by a pet-owning family. A recent news item found that consent to keep a pet was the fourth most important fact for tenants looking for a rented property. However, landlords regularly prohibit pets considering them to be too much trouble and worried about potential damage to their properties.

Are Pet Owners Still Struggling to Find Pet-friendly Homes?

Yes. The unfortunate reality is that finding a renting accommodation that will take your pet with you is every bit as tedious as it always has been. 78% of pet owners experience problems finding

Whether you are a tenant looking to move into rented accommodation or a landlord looking to protect your investment, a property inventory is a vital document to have. While most landlords will be aware of its importance, many tenants have a laissez-faire attitude towards them. This is a mistake, and one that can prove costly later on. 

 

What is a property inventory?

Before we get into the reasons why property inventories are important for both tenants and landlords alike, it’s probably a good idea to explain exactly what they are. Property inventories are simply documents that report on the state of the property and its contents at the time of assessment. These assessments are carried out twice in an identical fashion: once at the beginning of the tenancy (the inventory), and again at the end (the checkout).

The most important part of the initial inventory assessment is the Schedule of Condition. This details the state of every part of the property, such as the décor, floors (for example, wooden floors should they be present), walls and ceilings. Many landlords are under the false impression that inventories are solely for fixtures and fittings, but the Schedule of Condition offers protection