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When does the Right of First Refusal apply and what are the benefits?

When does the Right of First Refusal apply and what are the benefits?
​Part 1 of the Landlord and Tenant Act 1987 (LTA 1987) gives certain residential tenants a right of first refusal where the landlord is proposing to dispose of the freehold.Where the LTA 1987 is applicable, there is a prohibition on the freeholder making any disposal unless: i.the landlord has first served formal offer notices on the "qualifying te...
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827 Hits

Good news for tenants in the Tenant Fees Bill

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Rogue landlords have for years charged residential tenants too much for various aspects of a letting, including the deposit, administration fees and even credit reference checking.However, the Government has confirmed that the Tenant Fees Bill is going to put a cap on tenant deposits. This will be 5 weeks rent if the annual rent...
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688 Hits

CPSEs and Failure to Communicate

CPSEs and Failure to Communicate
Many landlords view Commercial Property Standard Enquiries with a sense of dread. However, they are integral and failure to keep them updated can cause issues.It can appear unreasonable for the landlord to have to complete lengthy replies to enquiries for a simple lease transaction. Many solicitors, including ourselves, regularly assist landlords w...
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1282 Hits

HMO Landlords in Havering Beware

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From March 2018, there will be additional requirements which you need to be aware of if you are letting a House in Multiple Occupation (HMO) in the Havering borough.

Some of you may be wondering what an HMO is? Put simply, your home is a standard HMO if both of the following points apply:

  • At least 3 tenants live there, forming more than 1 household
  • You share toilet, bathroom or kitchen facilities with other tenants

Furthermore, your home will be classed as a large HMO if all of the following elements apply:

  • The house is at least 3 storeys high
  • At least 5 tenants live there, forming more than 1 household
  • You share toilet, bathroom or kitchen facilities with other tenants

For clarity, a household is either a single person or members of the same family who live together. A family includes people who are:

  • Married or living together - including people in same-sex relationships
  • Relatives or half-relatives - for example, grandparents, aunts, uncles, siblings
  • Step-parents and step-children

HMOs are an attractive proposition for residential landlords as the yield is generally higher than that which can be realised on properties in single occupation. However, there is additional administration which must be adhered to fully.

If you do let an HMO, under current rules and regulations there is a mandatory need for a licence for large HMOs. As of 1 March 2018, there will also be an additional licensing requirement for standard HMOs. This additional licence will only apply in the following Havering wards: Brooklands, Elm Park, Gooshays, Harold Wood, Havering Park, Heaton, Mawneys, Pettits, Rainham and Wennington, Romford Town, South Hornchurch and Squirrels Heath.

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3700 Hits

Buy-To-Let Landlord? Make Sure You Read This

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Some local authorities are using delegated powers to create new licensing schemes for landlords under the Housing Act 2004 – Havering included.

Licensing schemes were introduced in an effort to improve the quality and safety levels of the housing stock in a given area. 

If your local authority has implemented a licensing scheme for landlords, it is usually the case that you will be required to complete an application form and send it to the local authority concerned.  Various information regarding the property, its occupants and the type of tenancy being utilised will need to be completed. 

The local authority will arrange for an inspection to take place. The Council’s officers will usually attend and notify the prospective landlord if any works are required to meet health and safety standards.  Any alterations required will then be re-inspected at a later date to ensure compliance.  

Failure to comply obtain a licence (where one is required) is a criminal offence which is likely to result in a significant fine for the landlord concerned.

Havering Borough Council has just announced its decision to exercise its power to create a licensing scheme for the area shown on the map below.  As you can see, it covers a fairly wide area and will affect ‘Houses in Multiple Occupation’ unless the property is subject to a statutory exemption.

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  2595 Hits
2595 Hits

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