Rent Monies

blog yellow circle pmgHere 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. 

 

Making Sense of Inflated Residential Longleasehold Ground Rents

ground rent longlease property management guideThere’s been a frenzy of media attention regarding long leasehold interests for new-build residential properties where there is a ground rent that is dramatically increased in the future. Although some rents may begin small, they may double every number of years which means crazy-high rental levels in decades to come.

According to The Times, this is affecting up to 110,000 dwellings, resulting in them becoming unsellable. Unfortunately the reality of many thousands of pounds’ rent every year in the future rather than, say, hundreds now severely hits the value of the property interest.

And this then affects any ability to secure mortgages, with providers either refusing or being very picky. Nationwide Building Society are saying that they...

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The Easy Way to Understand Tenant Arrears, Traffic-Light Style

tenant arrears property management guideIf you're a landlord or property investor reliant upon a tenant or party paying a rent or form of income, then you'll know the pain of these monies not being paid. The often escalating problems of blatant arrears and sludgy payments can not only mean additional hassle and costs in chasing, but increased cash flow risks and difficulty with being able to pay important costs yourself like mortgage payments. 
 
There is a lot of information now available on how you can begin clamping down on this, and advice on, say, what notice or letter to serve on a tenant before going to court to make them pay up, or get out. This is often in a classic landlord tenant relationship through a lease, although you can have other scenarios like...

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Vivienne Westwood Not getting Stung by Rent Increases

vivienne westwood rent increase property management guideWhen businesses rent commercial property, you’re involving big rental figures, probably one of the largest overheads the business will incur. Not only is this wasted wherein the business does not own the appreciating asset, but it’s common place to have rent reviews where the rent can go further upwards. 
 
These can be a killer in a down market like the last decade, where natural market rents drop but the remaining rent has to stay the same minimum level until it can go up in the future. Realistically tenants will struggle to pay, and landlords may wish to step in and offer reductions or changes to help keep some rental income coming in.
 
However, landlords and tenants need to tread carefully in first agreeing and then...

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