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Industry Update: ARMA & IRPM become TPI

ARMA and IRPM have merged together to form The Property Institute, a professional body for residential property managers in England, Scotland and Wales. The merger was initially announced in March 2022. As a result of the merger, The Property Institute has now launched new branding, replacing all ARMA branding across documents…

Introducing New Lewisham Selective Licensing Services

April 29, 2024View our Lettings ServicesView more Lettings Management Content:New Selective Licensing Scheme Services for Landlords in Lewisham Jennings & Barrett are launching a new Selective Licensing service in preparation for the new Lewisham Selective Licensing Scheme launching 1 July 2024. The service builds on our previous experience in Lettings…

What happens when a leasehold expires?

A leasehold is a type of property temporary ownership where the tenant has the right to occupy and use the property for a certain period of time. The leaseholder does not own the land or property but only gets the right to use the property.

Capital Gains Tax Changes: What It Means For Sales Of Second Homes

The Spring 2024 budget, announced Wednesday, 6 March, has cut the Capital Gains Tax rate on residential property disposals. The change, which starts on 6 April 2024, means that individuals, trustees, and personal representatives who are liable to pay higher Capital Gains Tax rates on residential property gains will be…

Essential Tips for Effective Estate Management

London is the city where every brick has a story, and every corner holds a piece of history. Now, imagine being the custodian of some of these coveted properties in the heart of this iconic metropolis.

What are the rules for communal areas in flats?

A communal area is recognised as any area that is not within the confines of the tenant’s property. For example, corridors, balconies, stairways, landings, lobbies, external gardens, bin stores, garages, and parking areas count as communal areas.

Is ‘right to manage’ worth it?

Acquiring the Right to Manage is seen as very worthwhile for many people. However, its value will depend on your unique circumstances, so we have outlined the associated benefits and disadvantages to help you decide whether acquiring the Right to Manage is the right approach for you to pursue.

What are landlords responsible for?

Landlords in the UK have certain responsibilities to withhold. These responsibilities are outlined in the Landlord and Tenant Act 1985 and the Housing Act 2004, and they exist to ensure that tenants reside in a safe and habitable living environment.

How to stop condensation on walls and ceilings

Whether you are buying or selling a new home, you will want to ensure there are no signs of condensation. Those tiny water droplets that can appear on windows around your house are not only unattractive to look at but, if left untreated, can have nasty consequences too.

Section 20 notices – popular questions answered

If you hear a managing agent talk about ‘Section 20’ they will be referring to Section 20 of the Landlord and Tenant Act 1985 as amended by the Commonhold and Leasehold Reform Act (CLRA) 2002. This may sound daunting, but the act was brought in to provide protection to residential…

What is block management?

Block management refers specifically to the overall management of various amenities within a multi-property structure, such as a flat complex where there are communal areas associated with the residential properties or mix tenure structures like flats on top of retail/office buildings.

What is a service charge on a property?

With regards to property, a service charge is where each household on a development or within a managed block of flats contributes a financial amount each year towards the upkeep of communal areas or a service that each household is benefitting from. Typically, a property service charge will cover things…

How to avoid stamp duty on a second home

Since the stamp duty holiday in July 2020, a bold move designed to keep the housing market moving during the pandemic, stamp duty rates have slowly risen back to where they were pre-Covid. As house prices and the cost-of-living increases at an astounding rate, this tax has become even more…

What happens when a leasehold expires?

A leasehold is a type of property temporary ownership where the tenant has the right to occupy and use the property for a certain period of time. The leaseholder does not own the land or property but only gets the right to use the property.

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