What our customers are asking:
What are the criteria for the creation of RTM?
The required minimum number of qualifying tenants must be equal to at least half of the total number of flats in the building. The RTM act allows a landlord to become a member because of their interest in the property. A landlord cannot become a director of the RTM ...
Read more
Read by(21)
Which types of buildings will fall under the higher risk regime?
Residential buildings (with at least two units), care homes, and hospitals that are 18m tall or have at least 7 storeys will be subject to the new regime.
Read moreRead by(21)
What Accounts need to be prepared?
A freehold/resident’s management/right to manage company has to comply with both the Companies Act and the Landlord & Tenant Acts accounting provisions. This means that 'company accounts' have to be filed with Companies House and 'service charge accounts' have to...
Read moreRead by(21)
What is the impact of the 2022 Autumn budget changes on the Inheritance Tax threshold and the annual exemption on Capital Gains Tax?
The capital gains tax threshold before which CGT becomes payable reduces from April 2023 to 6,000 from the present 12,300. It will further reduce to 3,000 from April 2024 onwards. Pundits argue some will consider selling land and property assets now in haste before ...
Read moreRead by(21)
What is the difference between the Developer Remediation Contract 'DRC' and the Self Remediation Contract 'SRC'?
The Developer Remediation Contract 'DRC' applies in England and the Self Remediation Contract 'SRC' applies in Wales. Both are the government to address remedial works and life-critical fire safety defects in residential buildings measuring 11 meters or higher.
Read moreRead by(21)
What are vital aspects of the law of the landlord and tenant?
Iperion Investments Corp. V Broadwalk House Residents Ltd [1995] 2 EGLR 47SummaryIperion Investments Corp. v Broadwalk House Residents Ltd [1995] 2 EGLR 47 was a dispute involving rights of management and service charge as executed in a residential lease. The details...
Read moreRead by(21)
What are the prominent measures of the Renter's Reform Bill?
Ban on no-fault evictions, allowing local bodies to protect renters' rights, and setting up a national register of landlords are a few major highlights of the Renters' Reform Bill.
Read moreRead by(21)
What are the benefits of a country having fiscal rules?
Fiscal rules help instill discipline in government finances to maintain sustainable debt levels. They also contribute to economic stability by creating a more predictable economic environment.
Read moreRead by(21)
What is the factual position?
There are many gray areas in the Bill, and as more readings happen, the clauses and rules will gain clarity—that is why a wait-and-watch approach is recommended.
Read moreRead by(21)
What is London Mayors concern about short-term rentals?
The Mayor is worried about the impact of short-term rentals on London's housing market and has proposed stricter regulations through a licensing system. He fears whole streets becoming Airbnb and less housing for Londoners.
Read moreRead by(21)
Is sharing The How to Rent Guide with tenants mandatory?
Yes, it has been made mandatory for the landlords to share the latest version of the How To Rent guide with the tenants at the beginning of the tenancy or on renewal since 10th June 2014. The guide has been updated 10 times since. The latest guide is March 2023.
Read moreRead by(21)
An important decision needs to be voted on. Do we have to wait for the next AGM?
No. The Board or 5% of the Shareholders can call an Extraordinary General Meeting (EGM).
Read moreRead by(21)
How have service charges for flats changed over time?
Since 2018, service charges for flats in England and Wales have increased by 51.7 percent. It is the first time the average annual service charge has exceeded 1,000 per year. However, in the past 12 months, the increase has been more modest at 8.0 percent, aligning w...
Read moreRead by(21)
How deeply will data science impact the industry?
It depends on how real estate companies embrace technology and the areas where they want to leverage data science. There are endless potentials and possibilities. VirginLand by Ringley are a business intent on overhauling the land acquisition process through technolo...
Read moreRead by(21)
How many fix term mortgages will end in 2023 to 2024?
More than two million mortgages will end their fixed term between 2023 and 2024. With rising interest rates, it will simply cost landlords more to refinance then, further complicating the market situation.Most tenants want to maintain the status quo and avoid paying ...
Read moreRead by(21)
Which government department is driving thr net zero 2050 agenda?
The Department for Business, Energy, and Industrial Strategy (BEIS) is drawing up plans to help the government achieve a net zero target without placing excessive burdens on consumers and businesses.
Read moreRead by(21)
What is included in a homebuyers survey?
The inspection for a Homebuyer Survey includes an investigation of damp issues, rising damp, penetrating damp and condensation as well as timber defects such as over-stressed timbers and beetle infestation. A Homebuyer Survey does include a visual inspection of the s...
Read moreRead by(21)
How will the rooftop development project address the housing crisis?
Rooftop development can address the acute housing shortage by adding thousands of new affordable homes. The projects have the potential to enhance living standards and energy efficiency.
Read moreRead by(21)
What are zero deposit schemes, and why are they controversial?
Zero deposit schemes require tenants to pay a fee equivalent to one week's rent instead of the traditional five-week deposit. They are controversial because the fee is non-refundable, tenants remain liable for damages, and additional costs may be incurred.
Read moreRead by(21)
What is the 90 day short let cap?
Airbnb replied to the concerns about the number of listings and their impact and stated that they take housing concerns seriously and have previously worked with the Mayor to enforce a 90-night cap on rentals in London.
Read moreRead by(21)
What is the Housing Loss Prevention Advice Service?
The Housing Loss Prevention Advice Service is a new government initiative in England and Wales offering free legal assistance to people at risk of losing their homes.
Read moreRead by(21)
Where are the Service Charge monies held?
All owner’s funds are held in a unique bank account just for the site, with interest accruing to the fund and that the money is held in trust so that the bank have no call on funds.
Read moreRead by(21)
Which is the most popular shopping center in Wembley Park?
The London Designer Outlet is the most famous shopping destination in Wembley Park.
Read moreRead by(21)
What is the housing situation in the UK?
The UK is facing a serious housing shortage marked by a persistent scarcity of residences. The government aims to build 300,000 new homes annually to meet demand and maintain affordability.
Read moreRead by(21)
How to reach Mezze Grill?
Mezze Grill is at 131 Wembley Park Drive, just around the corner from Wembley Park tube station.
Read moreRead by(20)
What does a Section 20 Notice do?
Essentially Section 20 Notices aim to service charge payer’s reasonable consultation. For “works” there are up to 3 notices. Step 1 invites consultations about proposed expenditure from service charge payers and allows them to nominate a contractor. Step 2 details ...
Read moreRead by(20)
How does a Court Appointed Manager handle financial matters for the property business?
A Court Appointed Manager has the responsibility to handle financial matters for the property business in accordance with the court's order and the specific objectives of their appointment. The exact process and authority granted to the Court Appointed Manager will b...
Read moreRead by(20)
Are there any specific requirements for tall buildings regarding communal door inspections?
Yes, for buildings over 11 meters in height, it is necessary to make every effort to inspect fire doors at the entrances of individual residential units annually, in addition to the regular communal door inspections.
Read moreRead by(20)
What are the implications if the final price of the works exceeds the tender sum returned?
Best advice is to follow a formal specification and tender process, inviting owners to nominate contractors and to nominate a place where tenders can be inspected. The Contract Administrator’s job is to try to bring the contract in on budget, he or she should make ...
Read moreRead by(20)
Is the landlord responsible for the maintenance of the property?
The landlord is accountable for repairs and maintenance of the property. They are responsible for damages if there is negligence or delay in routine maintenance and repairs.
Read moreRead by(20)
Ask our Experts
What our customers are asking:
What are the criteria for the creation of RTM?
The required minimum number of qualifying tenants must be equal to at least half of the total number of flats in the building. The RTM act allows a landlord to become a member because of their interest in the property. A landlord cannot become a director of the RTM ...
Read More
Which types of buildings will fall under the higher risk regime?
Residential buildings (with at least two units), care homes, and hospitals that are 18m tall or have at least 7 storeys will be subject to the new regime.
Read More
What Accounts need to be prepared?
A freehold/resident’s management/right to manage company has to comply with both the Companies Act and the Landlord & Tenant Acts accounting provisions. This means that 'company accounts' have to be filed with Companies House and 'service charge accounts' have to...
Read More
What is the impact of the 2022 Autumn budget changes on the Inheritance Tax threshold and the annual exemption on Capital Gains Tax?
The capital gains tax threshold before which CGT becomes payable reduces from April 2023 to 6,000 from the present 12,300. It will further reduce to 3,000 from April 2024 onwards. Pundits argue some will consider selling land and property assets now in haste before ...
Read More
What is the difference between the Developer Remediation Contract 'DRC' and the Self Remediation Contract 'SRC'?
The Developer Remediation Contract 'DRC' applies in England and the Self Remediation Contract 'SRC' applies in Wales. Both are the government to address remedial works and life-critical fire safety defects in residential buildings measuring 11 meters or higher.
Read More
What are vital aspects of the law of the landlord and tenant?
Iperion Investments Corp. V Broadwalk House Residents Ltd [1995] 2 EGLR 47SummaryIperion Investments Corp. v Broadwalk House Residents Ltd [1995] 2 EGLR 47 was a dispute involving rights of management and service charge as executed in a residential lease. The details...
Read More
What are the prominent measures of the Renter's Reform Bill?
Ban on no-fault evictions, allowing local bodies to protect renters' rights, and setting up a national register of landlords are a few major highlights of the Renters' Reform Bill.
Read More
What are the benefits of a country having fiscal rules?
Fiscal rules help instill discipline in government finances to maintain sustainable debt levels. They also contribute to economic stability by creating a more predictable economic environment.
Read More
What is the factual position?
There are many gray areas in the Bill, and as more readings happen, the clauses and rules will gain clarity—that is why a wait-and-watch approach is recommended.
Read More
What is London Mayors concern about short-term rentals?
The Mayor is worried about the impact of short-term rentals on London's housing market and has proposed stricter regulations through a licensing system. He fears whole streets becoming Airbnb and less housing for Londoners.
Read More
Is sharing The How to Rent Guide with tenants mandatory?
Yes, it has been made mandatory for the landlords to share the latest version of the How To Rent guide with the tenants at the beginning of the tenancy or on renewal since 10th June 2014. The guide has been updated 10 times since. The latest guide is March 2023.
Read More
An important decision needs to be voted on. Do we have to wait for the next AGM?
No. The Board or 5% of the Shareholders can call an Extraordinary General Meeting (EGM).
Read More
How have service charges for flats changed over time?
Since 2018, service charges for flats in England and Wales have increased by 51.7 percent. It is the first time the average annual service charge has exceeded 1,000 per year. However, in the past 12 months, the increase has been more modest at 8.0 percent, aligning w...
Read More
How deeply will data science impact the industry?
It depends on how real estate companies embrace technology and the areas where they want to leverage data science. There are endless potentials and possibilities. VirginLand by Ringley are a business intent on overhauling the land acquisition process through technolo...
Read More
How many fix term mortgages will end in 2023 to 2024?
More than two million mortgages will end their fixed term between 2023 and 2024. With rising interest rates, it will simply cost landlords more to refinance then, further complicating the market situation.Most tenants want to maintain the status quo and avoid paying ...
Read More
Which government department is driving thr net zero 2050 agenda?
The Department for Business, Energy, and Industrial Strategy (BEIS) is drawing up plans to help the government achieve a net zero target without placing excessive burdens on consumers and businesses.
Read More
What is included in a homebuyers survey?
The inspection for a Homebuyer Survey includes an investigation of damp issues, rising damp, penetrating damp and condensation as well as timber defects such as over-stressed timbers and beetle infestation. A Homebuyer Survey does include a visual inspection of the s...
Read More
How will the rooftop development project address the housing crisis?
Rooftop development can address the acute housing shortage by adding thousands of new affordable homes. The projects have the potential to enhance living standards and energy efficiency.
Read More
What are zero deposit schemes, and why are they controversial?
Zero deposit schemes require tenants to pay a fee equivalent to one week's rent instead of the traditional five-week deposit. They are controversial because the fee is non-refundable, tenants remain liable for damages, and additional costs may be incurred.
Read More
What is the 90 day short let cap?
Airbnb replied to the concerns about the number of listings and their impact and stated that they take housing concerns seriously and have previously worked with the Mayor to enforce a 90-night cap on rentals in London.
Read More
What is the Housing Loss Prevention Advice Service?
The Housing Loss Prevention Advice Service is a new government initiative in England and Wales offering free legal assistance to people at risk of losing their homes.
Read More
Where are the Service Charge monies held?
All owner’s funds are held in a unique bank account just for the site, with interest accruing to the fund and that the money is held in trust so that the bank have no call on funds.
Read More
Which is the most popular shopping center in Wembley Park?
The London Designer Outlet is the most famous shopping destination in Wembley Park.
Read More
What is the housing situation in the UK?
The UK is facing a serious housing shortage marked by a persistent scarcity of residences. The government aims to build 300,000 new homes annually to meet demand and maintain affordability.
Read More
How to reach Mezze Grill?
Mezze Grill is at 131 Wembley Park Drive, just around the corner from Wembley Park tube station.
Read More
What does a Section 20 Notice do?
Essentially Section 20 Notices aim to service charge payer’s reasonable consultation. For “works” there are up to 3 notices. Step 1 invites consultations about proposed expenditure from service charge payers and allows them to nominate a contractor. Step 2 details ...
Read More
How does a Court Appointed Manager handle financial matters for the property business?
A Court Appointed Manager has the responsibility to handle financial matters for the property business in accordance with the court's order and the specific objectives of their appointment. The exact process and authority granted to the Court Appointed Manager will b...
Read More
Are there any specific requirements for tall buildings regarding communal door inspections?
Yes, for buildings over 11 meters in height, it is necessary to make every effort to inspect fire doors at the entrances of individual residential units annually, in addition to the regular communal door inspections.
Read More
What are the implications if the final price of the works exceeds the tender sum returned?
Best advice is to follow a formal specification and tender process, inviting owners to nominate contractors and to nominate a place where tenders can be inspected. The Contract Administrator’s job is to try to bring the contract in on budget, he or she should make ...
Read More
Is the landlord responsible for the maintenance of the property?
The landlord is accountable for repairs and maintenance of the property. They are responsible for damages if there is negligence or delay in routine maintenance and repairs.
Read More
