Category: Condition & Repairs
Published: Wednesday, 21 March 2018 07:44
We’ve just had an unexpected burst of snow and ice with freezing temperatures throughout March (and the 'beat from the east' even suggesting a white Easter), which of course cause all kinds of issues and disturbances to everyday life.
Part-and-parcel of these is damage to the actual buildings and pieces of land. Some of these pop up during these cold spells, although some only appear afterwards as an aftermath.
For someone involved with property management these are critical to spot early on and nip in the bud. In actual fact, the sooner the better in order to make sure they don’t make matters worse.
Therefore here are four classic issues that can arise in the property and land either after or during serious snow and ice. As soon as you...
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Category: Leases & Titles
Published: Saturday, 17 March 2018 21:01
You don’t actually come across these too often, particularly within property management, but when you do they can cause real problems – these are restrictive covenants.
They’re a binding obligation linked with the actual land title which obliges only certain uses or purposes on this land and property, for example a house having a restriction for only one dwelling place when it is desired to build on the garden. Hence when land is being sold, these things can come to light through solicitors and cause problems with deals completing.
Although property management is then looking after interests afterwards, it’s important to understand the basics of these issues to at least ask the right questions at the outset and ideally as part of any...
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Published: Wednesday, 14 March 2018 20:56
This can be a real problem that people are not even aware of, or if they are, have no idea of how severe the consequences are when it goes wrong.
That’s your building insurance cover when the property is vacant with no one in occupation.
Of course even when a building is in regular use there may well be certain conditions that the insurers state, maybe after an inspection or just part-and-parcel of the cover. Maybe regular electrical tests and informing them of any material changes.
But when the property is empty, things get serious, which you can understand from an insurer’s perspective. The risk of a claim sky rockets here, not only from a higher chance of people breaking in with no one there, but when no one is present then problems...
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Here are various blog resources related to the rent that is paid at properties, whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees.
Here are various blog resources related to non-rent monies and payments, for example service charges, fees, and other costs and charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.
Here are various blog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.
Here are various blog resources related to all the different property interests, from landlords & tenants, to investors & occupiers, to all other third-party interests. These cover general factors to consider for a particular interest, to more detailed issues to resolve for a particular course of action.
Sales & Lettings
Here are various blog resources related to the sales & lettings of a property, and all related transactions. Whether you're involved in these directly yourself, or you're working with other sales/letting agents and interests, these help highlight important property managemnet factors to consider.
Leases & Titles
Here are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.
Here are various blog resources related to all the taxes involved with property interests, from VAT and SDLT, to income and capital gains, to rates and council tax. These will help you work alongside other accounting and tax advisors to make sure you cover all bases to reduce your overall tax liabilities.
Services & Compliance
Here are various blog resources related to the services and compliance at a property. These range from say your fire and health and safety compliance, through to services like cleaning and utilitities. These resources help provide an overview of each area without getting too technical, so you can plan it all in at the right time and best cost.
Here are various blog resources related to any other general subjects involved with properties and their interests. So whether it's the basics of property management, or more specific property issues and queries that don't naturally fall in the other categories, you'll find them all here.
Condition & Repairs
Here are various blog resources related to the condition of a property and any repairs and alterations required. Whether it's a reactive roof repair, pro-active maintenance plan, or carefully-chosen contractor - these help explain how to effectively keep properties in the right condition.