Articles that keep property professionals on the right side of the rules and regulations.
- Written by: Richard Abbots
Most letting agents are already carrying out inspections for check-in and check-out reports (hopefully). Some are going further and conducting interim inspections. But how many are going the extra mile to carry out pre-check-out inspections and reports – and is ...
- 9,850 reads
- One Comment
- Written by: Daniel Evans
Inventory clerks and letting agency staff have been warned to put safety first when lone working or entering tenants’ properties for mid-term inspections or rental term check-outs and check ins. At a webinar organised by the Association of Independent Inventory ...
- 12,498 reads
- No Comments
- Written by: EAT & LAT Team
A report earlier this month warned that conveyancing firms should stress test their businesses for a sharp decline in work volumes. These businesses play a vital role in the property sector, so any pressure on them is likely to have a ...
- 14,464 reads
- No Comments
- Written by: Simon Luke
HMRC has fined estate agents over £500,000 for anti-money laundering (AML) breaches in the past two months. Yet despite property managers being aware of the threat of fines and reputational damage caused by money laundering, many are tossing compliance aside. ...
- 14,698 reads
- No Comments
- Written by: Nick Lyons
Letting agents and landlords who know how to avoid deposit disputes at the end of a tenancy can save time, money, and unnecessary hassle. Although deposit disputes that get raised count as only a small percentage of tenancies, these can ...
- 8,007 reads
- No Comments
- Written by: James Dilgul
Are landlords following the law? To answer this question, the Government grouped answers from its English Private Landlords Survey 2022 according to their similarities. Through this, four distinct types of landlord were identified, each with wildly different types of behaviour ...
- 7,735 reads
- No Comments
- Written by: James Dilgul
A wide range of upcoming legislative changes will affect the private rented sector. From new carbon monoxide alarm regulations to renters reforms, agents should make plans now to stay up to date with the law and avoid penalties. These are ...
- 13,796 reads
- No Comments
- Written by: Richard Abbots
As the mass student exodus from rented accommodation begins throughout the UK, Richard Abbots of Inventory Hive offers advice on how to manage multiple check-outs to reduce the stress and mess for landlords, agents and tenants. At the last count, ...
- 11,642 reads
- No Comments
- Written by: Collette Allen
As another round of property firms is fined, named and shamed for breaching anti-money laundering rules, it feels like the road is running out for those who still rely on outdated, manual checks to verify customers. HMRC has included more ...
- 10,496 reads
- 2 Comments
- Written by: Nat Daniels
In this latest ‘Women in Property’ edition of the Natter, I check in with Collette Allen, who was recently appointed as Chief Operating Officer at leading anti-money laundering platform SmartSearch. She first joined the Yorkshire-based company in June 2013 and ...
- 13,747 reads
- No Comments
- Written by: EAT & LAT Team
In this guest piece, Colum Smith, a property expert at law firm Taylor Rose MW, sets out why speedier transactions could actually be more susceptible to fraudsters. As anyone who has ever gone through the process will know, moving home ...
- 8,898 reads
- No Comments
- Written by: Neil Cobbold
PayProp’s recent Rental Confidence Index survey polled property professionals about their biggest concerns for 2022. Unsurprisingly, new regulations were a top three worry, along with portfolio growth and the ongoing impact of COVID-19. There are already more than 170 laws ...
- 13,462 reads
- No Comments
- Written by: Richard Abbots
As amendments to smoke and carbon monoxide alarm legislation loom for rented properties later this year, we look at how inventory reporting is critical for demonstrating healthy human habitation in tenancies. Landlords are responsible for ensuring fitness for human habitation ...
- 10,352 reads
- One Comment
- Written by: EAT & LAT Team
In this weekend feature, inventory expert and chair of the AIIC, Daniel Evans, sets out why rental reform changes will make inventories more important than ever. The impending changes to the rental sector, set out under the initial Renters’ Reform ...
- 8,203 reads
- No Comments
- Written by: Timothy Douglas
Timothy Douglas, Head of Policy and Campaigns at Propertymark, analyses the impact that the lack of available data is having on the rental market in communities up and down the country. We have known for some time now that concern ...
- 11,312 reads
- No Comments
- Written by: Mark Armstrong
I’m sure most readers would agree with me that cyber-security is vitally important for almost any business, particularly those businesses like estate agencies that manage large amounts of valuable customer data. The digitalisation of customer information has created an abundance ...
- 12,393 reads
- No Comments
- Written by: EAT & LAT Team
I’ve worked in financial crime for the past seven years, beginning my career as a white collar crime litigator in a law firm. I know that the law evolves slowly, setting new precedents on a case-by-case basis, and cementing transactions. Property fraud, meanwhile, is evolving fast. ...
- 0 reads
- No Comments
- Written by: EAT & LAT Team
Many agents working in the industry, whether for large corporates or smaller independents, might one day have ambitions to branch out on their own and do things their own way by founding their own agency. But what does it take ...
- 8,358 reads
- No Comments
- Written by: EAT & LAT Team
In this guest editorial, experienced property solicitor Lorraine Richardson argues that reservation agreements - designed to reduce the number of fall-throughs in the market - are already here. ‘…Propertymark is supportive of the trialling of reservation agreements to foster commitment and ...
- 9,219 reads
- No Comments
- Written by: Mitch Handley
As virtual tours start to get even more popular, and in some cases become the norm for the majority of letting agents, it begs the question whether your virtual tours are GDPR and CPR compliant? First of all, what is ...
- 10,157 reads
- No Comments
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