Cost of Living (Tenant Protection) Scotland Bill
There has been a lot in the press regarding the above Bill and we just wanted to provide a brief explanation: What does the legislation propose? The legislation states that no rent increases will be routinely permitted until 31 March 2023.…
Private Residential Tenancy in Practice
Now the summer has arrived and we have got through the busy HMO period with the first use of the Private Residential Tenancy (PRT) I thought it might be a good idea to reflect on how the new tenancy is working in practice. The first thing…
Brexit, Brexit, Brexit!
As our supposed date of divorce from the EU draws ever nearer I thought it might be an interesting exercise to take a look into my crystal ball, join many other commentators and add some column inches to the Brexit debate. I would like to…
Minimum EPC for Rental Property
There has been a large amount of press recently about minimum EPC (Energy Performance Certificate) ratings for rented property. At the moment this legislation does not apply to Scotland, only to England and Wales. The Scottish Government…
The Private Residential Tenancy
The Private Residential Tenancy has been with us now for over 8 months and as a result I thought it might be worthwhile taking some time to see what impacts, if any, there have been. I have looked at the major changes in the PRT here. In…
Opinion: The Private Housing (Tenancies) (Scotland) Act 2016
There has been a lot of negativity in the press about the new Private Housing (Tenancies) (Scotland) Act 2016, primarily focused on the removal of the “no fault ground” and the end of the fixed term. Our feeling is that the new PRT isn’t…
The Private Housing (Tenancies) (Scotland) Act 2016 – Part One
We thought it would be a good idea to take a closer look at the changes to Private Rented Sector in Scotland that will come into force as a result of the new tenancies Act. The details of the new Act and a copy of the model tenancy can be…
Becoming a Landlord
People become a landlord for a number of reasons. Maybe you’ve bought a property that a family member will be staying in while they’re studying, or perhaps you’re moving away and want to rent out your home to supplement your income.…
Changes to HMO Licensing
We thought it might be worthwhile pointing out quickly that there have been some recent changes to HMO licensing which are outlined below. From June 1st the costs for renewing or applying for a license will be as follows: 3 bed £540 4 bed…
What effect will changes to taxation have on landlords and property investors?
As I am sure everyone is now aware there have been some recent tax changes aimed at the residential property investor. Specifically, the LBTT additional dwelling surcharge, changes on the ability to offset mortgage costs against income and…