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Plans to Abolish Section 21

FPPIn April of last year the Government announced its plans to abolish Section 21.  This has caused a feeling of uncertainty amongst landlords as to how they will go about regaining possession of their property if a tenant refuses to leave after the fixed term of their tenancy agreement expires. The Government has stated that the purpose of the abolishment is an attempt to remove no fault evictions so as to provide renters with the security of having a tenancy that cannot be ended through no fault of their own. The National Landlord’s Association have specified that “over 96% of landlords would consider the leaving the market without section 21”.  What is section 21? Section 21 is the process by which landlords or their agents can reclaim properties without having to state a reason. A section 21 notice can only be served no earlier than 4 months’ into a tenancy agreement. Furthermore, it cannot expire before the end of a tenancy. How can landlords prepare for the changes? To prepare, landlords need to act now. If a dispute has arisen between you and your tenant take action immediately. There is uncertainty as to what extent the Government will amend legislation. Also, there is confusion if this will provide you with the necessary means to regain possession of your property. The section 21 procedure currently remains open to landlords looking to regain possession of their property where the fixed term of the tenancy agreement has expired. This will provide a more cost-effective way of terminating the tenancy agreement even if the tenant is in breach. If you have any questions about this post or if you would like to discuss another property related matter with one of our advisors please get in touch here. About Pisoria Ltd We are a property management company with a difference: specialising in flat sharing, and focusing on the needs of tenants as our customers. Our properties are conveniently located close to transport links. They are tastefully renovated and furnished.  All properties boast good sized rooms and ample storage, kitted out with all the mod-cons and fast broadband. Plus, you’ll also find a lounge or communal space in all of our properties. This high quality all comes at a single reasonable monthly price, covering your rent and all of your bills.    

Is your London buy-to-let property correctly licensed?

[vc_row][vc_column][vc_column_text]Each London borough operates different licensing rules when it comes to buy-to-let properties, which can make things extremely confusing for landlords.  If you find yourself wondering if your London buy-to-let property correctly licensed, we can help. Whether your property needs a license or which licenses are needed for your property depends on a number of factors including the borough the property is located in, who resides at the property and how big the property is and how many stories is has. A HMO (House of Multiple Occupancy) licence is required for properties that have more than three floors and five or more tenants.  Additional and selective licences may also be required depending up on the area.   Selective Property Licensing Selective Licensing schemes have been implemented in many London boroughs and these can apply to almost all buy-to-let accommodation, not just HMOs.   Additional Property Licensing Any council is also able to introduce ‘additional’ property licensing for HMOs that fall outside of the scope of mandatory HMO licensing. At present, approximately a third of all London Boroughs have these licences in operation, with several others due to follow suit.  It’s vital that landlords and agents need to ensure that they are up to date with current licensing legislation. In the lettings market legislation changes so regularly it’s crucial you keep on top of the changes.  If your property isn’t inline with current rules you could face fines of up £30,000 and criminal conviction. At Pisoria, we constantly remain up to date with the latest licensing laws, therefore you can rest assured that your properties are complaint with legislation.  Find out more about how we can help you here. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2=”Did you find this article useful?” txt_align=”center” add_button=”bottom” btn_title=”Pisoria Newsletter” btn_style=”3d” btn_color=”black” btn_link=”|title:Pisoria%20Newsletter%20|target:%20_blank”]If you would like to receive more of the latest relevant updates for property investors and landlords, why not sign up for our free monthly newsletter? To subscribe simply follow the link below.[/vc_cta][/vc_column][/vc_row]

Let us do the hard work while you enjoy the festive period.

With Christmas just around the corner, you might be trying to work out how you can make the most of the Christmas holidays whilst still looking after your properties.  At Pisoria, we provide property management services that can be tailored to meet your needs, with a range of low fees to match.  Whether you require full property management, a lettings only service; whole property, or room-by-room, we are here to help, meaning you can relax.  Let us do the hard work while you enjoy the festive period. We understand the job of a landlord brings stresses and strains. This is especially the case for new landlords who are just stepping into the world of letting without prior experience. This is where we can help. At Pisoria, we’re highly experienced in providing a range of property management services to ensure your stresses are effectively handled. We’ll deal directly with your tenants, saving you a great deal of time and money during the entire rental process. With our Fully Managed service, we can act at a point of contact for your tenants on a 24-hour basis, handling any problems or complaints that they may have.  Plus, we’ll ensure that the pressure is relieved from yourself when it comes to collecting rent payments from difficult tenants, on either of our Fully Managed or Let & Rent services. Should tenants not pay their rent on time, we have the power to enforce lease policies and take the appropriate steps to ensure landlords are fully covered. So this Christmas, let us do the hard work while you enjoy the festive period.  Contact us today to find out more.

Our advice for graduates looking for accommodation in London ?

Have you recently graduated and you’re looking to move to the big smoke? Looking for a flat can be a nightmare at the best of times. It can take weeks of sifting through estate agents’ websites only to find every flat you’re remotely interested in has just been taken off the market. But help is at hand and that’s where Pisoria comes in.  We have compiled our top tips list to help you survive. First things first, ask yourself the following questions; How long do you want the tenancy for? You can ask for a tenancy to be any time between 6 months and 7 years and of course this has to be agreed with the landlord. Just remember circumstances change.  >> Pisoria are happy to offer advice on tenancy lengths. Which area would you like to live in? London is an exciting, dynamic city to live in. No two areas are the same, which means it can be difficult to choose the best spot for you to call your home. There are trendy areas, professional areas, quieter ones and more. Deciding where to live in London should depend on what your priorities are when looking for a new home. > All Pisoria properties are within a very short commute of the city centre, here’s a guide to Pisoria areas. Who would you like to live with? Deciding who to share your home with is very important, do you have a friend in mind that you would like to live with, a partner or are you looking to move into a house share with people you haven’t met as a way of meeting new likeminded people. >> We have a number of wonderful potential housemates on our books ready to welcome you in. What can you afford? Think about how much rent you can afford to pay: 35% of your take-home pay is the most that many people can afford, but this depends on what your other outgoings are. Will you need a guarantor/money for a deposit? Some landlords might ask someone to guarantee your rent if you are not earning over a certain value to cover your rent. Consider who you would ask to be your guarantor. >>If you’re struggling to find a guarantor consider using Helping Hand. Also don’t forget, if you are struggling to save for a deposit you could think about using Reposits. Call Pisoria today to speak to our team. We know how painful finding a flat in London can be – finding a place in the right area with all your home comforts; sorting out bills; getting the landlord to fix things. That’s why we take care of everything. Acting as the bridge between you and the landlord, we make your life a whole lot easier, and ensure that you have everything you could wish for. Including all bills, cleaners, fast broadband, and access to a 24/7 repairs hotline – we really go the extra mile. All you need to do is remember where you put your keys!