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Landlords Don’t Want To Pay For Rental Property Damage


Thursday, August 20, 2015

Landlords Forced To Fight For Rental Property Damage Claims  Determining fair wear and tear in rental property is probably one of the most difficult and misunderstood areas of renting in the UK’s private rented sector (PRS) as letting agents and landlords may have different views to tenants regarding what are allowable deductions to be made [...]


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How Removing The Wear And Tear Tax Allowance Affects Landlords


Tuesday, August 18, 2015

Removal Of Wear And Tear Tax Allowance Doesn’t Have To Mean Landlords Face Property Losses Since the Chancellor of the Exchequer announced in the post election budget that the wear and tear tax allowance for landlords was to be phased out and replaced with a tax relief system that only allows landlords to deduct costs [...]


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The Importance Of An Inventory At The End Of A Tenancy


Thursday, July 30, 2015

Inventories – An Valuable Tool At The End Of A Tenancy The end of a tenancy can be a very stressful time for landlords and even more stressful for tenants without Tenants Liability insurance, as this is when the rental property is examined to check if deductions need to be made from the tenants deposit [...]


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HMRC Publish Details Of Wear And Tear Tax Changes


Tuesday, July 28, 2015

HMRC Introduce Replacement Furniture Relief To Supersede Wear And Tear Allowance HM Revenue and Customs, (HMRC), have finally announced the scope of the proposed amendments to the wear and tear tax allowance for landlords of rental properties, outlined in the post election budget by Chancellor George Osborne. At the 2015 Summer Budget the Government confirmed [...]


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What Exactly Is Fair Wear And Tear?


Wednesday, August 27, 2014

Determining Fair Wear And Tear Is One Of Biggest Issues Of Private Sector Rentals The Association of Independent Inventory Clerks (AIIC) say that letting agents and landlords struggle most with determining what exactly constitutes fair wear and tear in a rented property and the whole process is among the most hotly contested issues about renting [...]


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Who Are The Real Tenants In Rental Properties?


Thursday, February 27, 2014

Landlords Unsure Who Lives In Their Rental Properties The latest research conducted by Savills estimates that there will be over 5.7 million tenants renting properties in the UK’s private rented sector by 2018, but many of those tenants could be there without the landlords knowledge. Rising rents, increasing energy bills, the rising cost of living and [...]


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Repairs Cost Unprepared Buy-To-Let Landlords More Money


Tuesday, July 30, 2013

Failure To Plan Is Planning To Fail Buy-To-Let landlords need to factor repair costs into their annual budgets in order to have a better understanding of the profit they are actually making from their investment property. Wear and tear in rental properties is an inevitable fact of life that goes with the profession, however many [...]


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