The latest articles relating to the private rented sector. Looking for a press release? Head over to our press release section on the blog.
This week we were able to advise one of our members who had a question relating to their obligations under the new electrical safety legislation, and the current lockdown in England.
NRLA training has added two new courses to its offering this new year, shining a spotlight on renovations and property auctions. The two courses have been devised by Henry Davis MBA a property trader of over 30 years and offer practical advice on both buying properties and getting them ready for tenants.
A new scheme being brought in this spring will ban banks and landlords from chasing tenants for unpaid debts, by offering them a period of time to try to find a solution to their financial problems.
An 'accountability deficit' exists within Rent Smart Wales,
the nation's registration and licensing authority for the private rented sector, according to a report published by the NRLA today.
Rent Smart Wales (RSW) oversees a national property registration and licensing scheme covering landlords and agents in the PRS. This report looks at the performance of RSW as it completes its first full business cycle.
The report finds that RSW has benefitted from larger than expected revenues, but landlords feel the anticipated benefits of a national service have yet to be realised.
The eviction ban in England has been extended for six weeks, in a move described as a 'sticking plaster' by landlords. Current restrictions were due to end on Monday. The NRLA says the move will do nothing to support landlords and tenants long term and what is needed is a comprehensive financial package, to allow tenants to continue to pay their rent without building unmanageable debt.
Responding to the Government's announcement of an extension to the ban on the enforcement of most repossessions in the rental housing market in England, Ben Beadle, Chief Executive of the National Residential Landlords Association said:
The Welsh Government have announced that the suspension on eviction enforcement - due to end on 11 January - will be extended to the end of March 2021. The Welsh Government will review this every three weeks.
The National Residential Landlords Association, Big Issue and Ride Out Recession Alliance, Shelter, ARLA Propertymark, the Nationwide Building Society, and StepChange the Debt Charity have issued a statement following the re-introduction of a national lockdown.
Landlords are reminded that the deadline to file their self-assessment tax returns is fast approaching.