Non-Rent Monies

blog yellow circle pmgHere 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.

 

How to Stop Landlords & Managing Agents Screwing Residential Leaseholders With High Fees For Sub Lets

sub let fees residential property management guideThis can be a real blow for those owning residential properties through a long lease with a landlord freeholder or management company behind the scenes, often in a block of flats.
 
The gist of your ownership is that you can let it out if needed, maybe a buy-to-let investment or you’re just moving out for a while, with the focus often just on the mortgage side of things being agreed. But then suddenly when the above ‘landlord’ gets wind of this they can suddenly be requesting hundreds of pounds to grant permission for this, often through strongly worded letters out of the blue.
 
However, the good news is that in the majority of cases this isn’t the case and can be a try-on to earn some more fees. And even where there is some...

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How to Squeeze Service Charge Accounts From a Residential Property Landlord, Beyond the Landlord & Tenant Act 1985

service charge accounts request landlord tenant act1985 property management guideIf you’re a tenant of a long leasehold residential property then you have a raft of legislation protecting you and providing all kinds of rights.

One of these is to force a landlord to provide the full service charge accounts and actually show the invoices and receipts. When you’ve been having iffy service and questionable changes, this can be essential to help dig deeper into where on earth all the service charge monies disappear to.

The technical piece of legislation that provides this right is under Sections 21 and 22 of the Landlord and Tenant Act 1985 (LTS 1985), and there’s already plenty of legal information available to explain the detail and even send a letter off to the landlord - one good example is the here at Lease...

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Don’t Be Daunted by a ‘Deposit’, Here’s Some Practical Pointers

deposits property management guideYou often hear reference to a ‘deposit’ being needed with properties, which can appear as a mysterious amount of monies that must be paid by one party when there’s something happening at a property, often a new letting or sale. It’s often a significant sum where there’s talk of getting it back or being deducted from a cost somewhere along the lines.
 
Therefore, they’re important things to understand. Whether you’re the person having to pay it, the party having to receive and hold it, or a middle man looking to manage and process it.
 
There will be various information around regarding the technicalities of what a deposit means in your situation, which is important to look into. Alongside this, you need a few practical...

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