Search Results for: Tenant Fees Act
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Latest property news
Property predictions: will 2020 be a ‘Boris bounce’ year?
2020 is starting with bags of optimism following the General Election. But does it point to a 'turning point' year for property?
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Features
Parking spaces – where to draw the line
Complaint The tenant said that, when agreeing the let, he queried parking arrangements with the agent who said he would have use of the driveway. At the tenant’s request, this was noted within the tenancy agreement. On the day the tenancy was due to start the tenant met the landlord at the property. The landlord told the tenant that the driveway was shared and he could not have exclusive use it as the downstairs tenant also had a right to use it, in their lease. The landlord painted a line down the middle of the driveway to indicate shared parking. Neither space was large enough to park a car. The landlord painted a line down the middle of the driveway to indicate shared parking. Neither space was large enough to park a car. The tenant advised the landlord that he was in breach of the tenancy agreement. He did not move in. The agent attempted to resolve the matter, but this was conditional on the tenant agreeing to share the drive. The tenant declined saying that he only agreed to rent the property because of the driveway parking. Investigation As detailed within Paragraph 7a of the Code, the agent was…
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Latest property news
Agents given 11 extra weeks to comply with new Welsh holding deposits law
The decision by the Housing Minister Julie James follows meeting a with representatives of ARLA Propertymark, including its Chief Executive and Welsh board member.
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Features
Method in the lawmakers’ madness
I’m not being rude but do you think that our government is stupid? Or are we missing something?
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Latest property news
Major high street agent using ‘biased’ check out reports to make money, it is claimed
Inventories trade body the AIIC says it is compiling a dossier of evidence for the Ministry of Housing including proof that a leading high street agency brand is involved.
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Latest property news
Online estate agency buys referencing firm off retiring founder
99 homes, which currently lists 471 properties for sale, says the purchase is part of its plan to become a 'one stop shop' for house sales and renting services.
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Features
Business with benefits: belong to an industry body
It can be a lonely world out there if you are an independent estate and/or letting agent. Richard Reed explores how the industry organisations can help your business.
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Latest property news
Foxtons to cut bonuses to its top directors following shareholder revolt
Foxtons is to change the bonus scheme for its top team following a shareholder revolt at its most recent Annual General Meeting. Over a fifth of shareholders rebelled and voted against the company’s remuneration committee report on May 20th. This had recommended that if Foxtons achieves its ‘maximum performance’ this year CEO Nic Budden will be paid £1.74 million and CFO Mark Berry £779,000 through a mixture of a £300,000 base salary, a variable element and a long-term ‘bonus’. Although the shareholder revolt was not enough to defeat the recommendations, it showed that shareholders were unhappy with such a generous reward scheme when the company is struggling. Its latest quarterly results released two weeks ago showed revenue down 7% to £32.5 million for the three months to September, taking its total revenue for the year to £88.1 million, a reduction of 5% on the previous year. Concerns raised “In our AGM Statement the Board acknowledged the concerns raised by shareholders regarding the FY2018 bonus outcomes and the impact this had on the level of support for the resolution approving our 2018 Annual Report on Remuneration,” a company statements says. The committee has now suggested a new bonus scheme that will…
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Latest property news
Resale property investment platform helps raise £60m to buy ‘thousands’ of homes
The march of City cash into the private rental market has taken a step forward after IMMO, a start-up that buys properties directly off vendors on behalf of institutional investors, was yesterday given a staggering £10 million by half a dozen venture capital funds, and has so far helped attract house buying funds worth £60 million. Talis, one of the funds, says IMMO has the potential to become a global ‘mega brand’ by using technology to ‘unlock the opportunity’ for institutional investors in the resales market. To date, City cash has steered clear of the market served by estate agents because of the difficulties of acquiring properties quickly and cheaply. IMMO, which operates in the UK and Germany, is to buy thousands of houses direct from private vendors and then refurbish them for upmarket tenants in areas that are ‘safe neighbourhoods with great transport’. Buy houses The proptech company claims that its tech platform enables it to source, appraise and buy houses and apartments digitally. IMMO’s new money has come from a variety of European property and tech investors and is to be spent on accelerating growth. The company was launched two years ago by Hans-Christian Zappel (above, fourth from…
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Features
Online boom boost for auctions
Physical events in distant halls limited buyers’ involvement – now online auctions are building a huge success for auctioneers and estate agents.
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