News Archive for August 2018

Sunshine is the best gesture

Property appraisal and valuation September 2018

We will undoubtedly miss the many hot and sunny days we've been spoiled with this year until summer returns in 2019.

Written by: Alex Neil Estate Agents

Signing leasehold documentation

Leasehold Enfranchisement an overview

‘Leasehold Enfranchisement’ is a topical legal term we hear with increasing frequency and we explore it further in this article.

Written by: Alex Neil Estate Agents

iPad displaying pricing graph

Are rents in the UK set to continue rising

There is no doubt that the lettings industry has felt the knock-on effects of the mortgage tax relief changes introduced in April.

Written by: Alex Neil Estate Agents

Fees

Tenant Information

Refundable Holding deposit - 1 weeks rent

Security Deposit 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs

Utilities, council tax, communication services, TV Licence etc Tenants own responsibility unless otherwise stated

Client Money Protection Scheme Membership details Alex Neil are members of CMP (client money protect)

Property Redress Scheme Membership details: Alex Neil are members of The Property Ombudsman. Membership number N00018.