Blogs
Unlocking Maximum Returns: A Guide for Landlords on Achieving Market Rent     Dec 14 , 2023 As a landlord, one of your primary goals is to maximize the return on your investment. Achieving market rent is not just about setting a figure; it involves strategic planning and understanding the factors that influence rental rates in your area. In this blog post, we\'ll explore actionable steps to help you achieve and maintain market rent for your valuabl
Houses in Multiple Occupation (HMO)     May 29 , 2022 If the property is occupied by five or more people, forming two or more households and shared facilities such as a kitchen or bathroom, regardless of the number of a storey in the property, is considered an HMO – House in Multiple Occupation.Definition of a household:·       Married or living together·       Relatives or half relatives· 
Climate change is the greatest risk facing us all.     Nov 03 , 2021 Is there anything that landlords can be doing to play their part in this major step towards a greener future? Boosting your bottom line. As well as a positive boost for the environment, making green tweaks to your lettings portfolio can also have a really great impact on your pocket too. More and more tenants are looking at the green credentials of a propert
Protect your property this winter – a landlord checklist     Oct 19 , 2021 The average void tenancy time has continued to decrease month-on-month since May to 2.1 weeks and the average tenancy time continues to be on the rise, meaning there has never been a more attractive time to be a landlord. Winter months can cause costly and unwanted problems in a property, but the more work landlords put in to check over the areas which are m
The government has confirmed that the evictions ban will end on 31 May 2021     May 13 , 2021 The government has confirmed that the evictions ban will end on 31 May 2021, however, bailiffs have been asked not to carry out an eviction if anyone living in the property has Covid-19 symptoms or is self-isolating. From 1 June 2021, notice periods - which had previously been extended to six months\' notice - will be reduced to four months\' notice. The ann
Tips for Tenants to Avoid Problems this Winter     Dec 04 , 2020 As tenants, there is a lot you can do to ensure the property you are staying in remains safe and secure during the winter months. It is important that you have available at all times, the landlords’ contact number and an emergency number to use when only necessary. We also suggest taking the time to understand how your heating works. How to control the tem
What to look for when seeking prospective tenant references     Oct 30 , 2020 When looking for the perfect tenant for your property, there are a few things a landlord or agency can do: Contact the previous landlord or agency. Contacting the current landlord may not give a true representation of what the tenants are like - at the off chance that the landlord is looking to remove the tenant from their property. Questions we recommend yo
Hassle Free Property Management     Sep 28 , 2020 As the name suggests hassle-free property management will give you as a landlord peace of mind and it’s a viable option regardless of whether you have one property or 100. Your letting agent will handle everything if you choose full management. This means putting your property in front of potential tenants, finding the right tenants, handling the rent coll
Deposit Protection Schemes     Sep 04 , 2020 Tenant Fees Act The Tenant Fees Act gives guidelines to tenants and landlords about payments that tenants are responsible for. It states that a maximum of 5 weeks\' rent can be paid as a deposit. What can a deposit protection scheme do? A deposit protection scheme is a government-backed scheme that provides a service of protecting the money paid for a dep
Why use an ARLA Propertymark Protected Agent?     Aug 27 , 2020 It’s really important that when you are dealing with an estate agent that you are receiving the service on a very professional level as well as have the confidence that your agent will manage your investments in your best interests. ARLA Propertymark regulates estate agents who become their members and ensures that they are working to a higher standard tha
What are your obligations under the Residential Tenancies Act?     Aug 17 , 2020 Landlords and Tenants both have responsibilities under the Residential Tenancies Act of 1985.Landlord\'s Responsibility:Disclosing sufficient information to the tenantThis includes tenants, having access to the Landlords’ name, contact number, and address. If the landlord has their property managed by a managing agent, the tenants can require that address
Rent arrears: How to deal with tenants in arrears     Aug 13 , 2020 Before Legal Action:Before taking any legal action on your tenants, we always suggest speaking with your tenants and trying to understand why they may be paying late. It could be that they have found themselves in a difficult situation and a payment plan can be arranged to help them. Having a pleasant conversation with your tenants can make the whole tedious
Why Tenant Referencing Checks is important?     Jul 31 , 2020 The aim of reference is to find out the following:- Are the applicant\'s details genuine?- Do they have the affordable income to cover the rent every monthWithout these checks, there could be a significant loss of income and damage to the property along with the hassle and stress that comes with trying to sort this out.The tenant referencing is used to evalu
Why We Need Landlord Rent Guarantee Insurance     Jul 24 , 2020 Rent Guarantee insurance is a legal cover that acts as a safeguard, should your tenants be unable to pay their rent.This cover will help you receive your rental income should the unexpected occur.Circumstances for any tenants could suddenly change and then they are no longer able to pay their rent fully on time. But you as a landlord will still have the ongo
What is Energy Performance Certificates     Jul 17 , 2020 EPC (Energy Performance Certificate), is a report that assesses the energy efficiency of a property. Energy Performance Certificates (EPCs) are needed whenever a property is:· built· sold· rented An EPC contains: · information about a property’s energy use and typical energy costs· recommendations about how to reduce energy use and save money An E
Stamp duty holiday     Jul 08 , 2020 The chancellor has announced a temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland. The level at which the tax is charged has been temporarily raised until next March to £500,000 to boost the property market and help buyers struggling because of the coronavirus crisis.The changes have come in with im
Legal Responsibilities of Landlords     Jul 03 , 2020 As landlords, you are responsible for ensuring that your property is safe for tenants and follows government regulation. Please find below the latest safety standards for your property:Gas safety: Qualified personnel must carry out annual checks on every gas appliance in the property. They will determine whether the property passes the gas safety regulations
New smoke alarm and carbon monoxide detector regulations     Jun 26 , 2020 What are the latest regulations?The information we receive and share follow the smoke and carbon monoxide alarm Regulations 2015. We do not intend for this page to be seen as an authoritative interpretation of the law but hope to help landlords keep their property and tenants safe.According to the latest government regulations:There has to be at least one sm
Electrical Regulations for Residential Tenancies     Jun 19 , 2020 As of July 1st, 2020, new regulations are coming into place regarding electrical safety. Landlords must commit to making the continuous effort to ensure their property follows the 18th Edition of the Wiring Regulations.Electrical Installation Condition Report (EICR)The EICR is a formal document that is produced after an assessment of the electrical inst
Finding the Best Tenant     Jun 12 , 2020 Our Screening ProcessOur experienced negotiators can choose the most suitable applicant between several, through the first conversation. We understand the needs of specific landlords and work hard to meet their requirements.Tenants have a stable job - check affordabilityKronos Estate Agents follow a screening process that allows us to rule out tenants we kno
Who is responsible for Property & Garden maintenance     Jun 05 , 2020 Disputes over property and garden maintenance have become increasingly common. Kronos Estate Agents want to do our part to make your lives easier so we’ve put together a handy guide which we hope will come in use!Right from the get-go we suggest designing and manufacturing a garden which will be easy to maintain in the long-run. So avoiding planting he
How to avoiding void periods in your rental properties     May 29 , 2020 Make sure your property is kept at a high standard.Bathrooms and kitchens are often a massive factor in a potential tenant’s decision to rent the property out. It is worth investing in them, making sure they always look shiny, bright, and attractive. Use any void periods to do maintenance care, so you are taking advantage of that time to invest in your pro
How to Get Your Home Ready for Rent     May 22 , 2020 Get to know the local market and house prices.Before or after you have purchased your rental property, research how many surrounding properties are being let for. Very high rent will factor heavily into the tenant\'s steering clear. Another factor we advise landlords to consider is understanding their target audience. We suggest keeping your options as open
Damage to your rental property: How landlords should deal with damage     May 15 , 2020 The difference between wear and tear and damageDisputes often occur over what can be considered as wear and tear and what is considered as damage. Landlords are responsible for repairing wear and tear which comes naturally with time. This includes the repair or replacement of:appliances which are used everyday (ovens, kettles, lights and their switches and s
Electrical Inspections and Testing Guide     May 08 , 2020 The Electrical Safety Standards Regulations 2020 was passed by Parliament on 18 March 2020. The Regulations will apply in England to all new tenancies from 1 July 2020 and all existing tenancies from 1 April 2021. The Electrical Safety Standards Regulations 2020 will place a responsibility on landlords in England to maintain their property to the electrica
Inspecting your property     May 01 , 2020 Why Inspections are Needed!One of the main purposes of carrying out inspections regularly is to make sure your property is being well looked after and that tenants are abiding by the agreement signed into. Regularly checking up on the overall condition of the interior and exterior of your property will ensure that there is no significant damage to the proper
Extension of Homes (Fitness for Human Habitation) Act     Apr 24 , 2020 The Fitness for Human Habitation Act came into force for tenancies in England from March 20th, 2019. This legislation means that landlords must ensure their property is fit for human habitation at the start of the tenancy and then maintain this standard throughout the rest of the time the tenant lives in the property.Fit for human habitation means that the p
Virtual Property Valuation & Viewing     Apr 14 , 2020 We hope you and your loved ones are staying safe during these difficult times.Following Government regulations, we are unable to meet customers in person until further notice. With the purpose of being as innovative as possible, we will be using technology to ensure that we will still and always be maintaining the high standard of service which is expected o

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