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Is deposit free renting a good idea?

For many tenants, saving up the deposit for their rental property is one of the most challenging aspects when it comes to renting. As the middle man between tenants and landlords, Abode know that deposits are a difficult subject particularly at the beginning of a tenancy agreement and sometimes, especially

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10 Winter Proofing tactics for your rental property

As the festive period approaches, the days continue to shorten and the mercury plunges, one of every landlord’s main adversaries sets to take its toll on many unprepared rental properties. Winter. Since extreme winter conditions can heavily impact rental properties, it is vital that as a landlord, you winter-proof your

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Government to cap tenant deposits?

Caps on security deposits are to be reduced from the equivalent of six weeks of rent to five in new legislation going through Parliament. The Government have confirmed that rentals of less than £50,000 annually will see deposits cut to a maximum of five week deposits as opposed to six. 

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£9.3 billion made from Stamp Duty Land Tax

Purchasing a residential property over £125,000, whether as a homeowner or Buy-To-Let landlord means having to pay STDLT (Stamp Duty Land Tax). Treasury coffers have netted close to £9.3 billion in SDLT  receipts on 1.1 million residential transactions across the UK in 2017–18. While sales volumes rose by just 1%

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How much income do tenants pay on rent?

September is the busiest month of the year for new tenancies across the rental market, but how much of their income, on average should tenants expect to pay on rent? Over the last year across England and Wales, tenants paid an average of 27% of their gross income on rent.

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How to make my rental property more efficient

Energy efficiency in the Buy-To-Let sector is only going to be tightened by the Government in the years to come; with recent regulation changes regarding EPC’s the latest in their moves. Since April 2018, all Energy Performance Certificates must be higher than an E rating to allow for new tenants

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How to change letting agent

There’s a variety of different reasons why landlords have swapped from other agents to us; overpriced maintenance fees, lack of communication, excessive void periods or a simple failure to adhere to their initial promises. Most landlords tend to remain with the letting agent they first choose for a lengthy period

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How to convert a property into a HMO

Many landlords state that HMO’s are one of the most efficient methods of letting a property portfolio. They can certainly aid gaining higher rental figures from individual properties, but what do you need to consider before undertaking such a task? By converting a standard property into a HMO, it means

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Could inventory legislation changes make the process mandatory?

Property inventories are a life line for any respectable landlord, agent and tenant. They provide evidence and cover for a state of a property before a tenancy begins to ensure everything is thoroughly documented. Despite this, some choose not to conduct property inventories, which an independent board wants to change.

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