Sunday, November 25th, 2012 in Commercial, Landlord, Managing Agent, News, Residential, Service Charge
Landlords and tenants need to be aware of the many legal provisions that govern residential service charges, since mistakes can prove costly. Although we have highlighted many of these pitfalls in the past, this article by Natasha Rees of Forsters LLP gives a very useful summary.
Read the full article here
Sunday, November 25th, 2012 in Landlord, Managing Agent, News, Residential
In an article in This is Money by Tina Walsh, a spokeswoman for the housing charity Shelter was quoted as saying that changes to the regulations surrounding tenancy deposit schemes mean that, from 6 April 2012 landlords have up to 30 days from the start of a tenancy to put the deposit into one of three official schemes and inform the tenants that they have done so. The penalty for failing to do this will vary from one to three times the value of the deposit. In this article Tina Walsh reports her problems when attempting to evict ‘tenants from hell’ having failed to follow the rules.
Tuesday, November 6th, 2012 in Commercial, Landlord, Managing Agent, News, Service Charge
Ralph Bullivant of Hill Dickinson notes another instance where landlords will need to be even more vigilant than normal on the quarter day with a view to taking prompt enforcement action against those tenants who have failed to pay their rent, especially if there is a suggestion that they may be in financial difficulties and possibly heading for administration. In The High Court decision, Leisure (Norwich) II Ltd -v- Luminar Lava Ignite Ltd, it was held that, when rent is payable in advance and falls due for payment prior to the commencement of the administration, it is not payable as an expense of the administration and the landlord must stand in line with all the other creditors.
Read the full article here