Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
www.propertysurveying.co.uk
Publication date: 16th July 2013
This month's edition includes a major dilapidations and valuation issue landlords, tenants and property experts must be aware of, a legal case that could mean hundreds of landlords are now breaking the law, an analysis of the new trend of rent-to-renting and the amusing tale of the RSPCA's battle to liberate three pigeons...
The Property Market Monthly Fact File - July 2013
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to help many persons with an interest in property gain an accurate view of what is happening in the UK property market as a whole.
To read the monthly fact file, click here.
Dilapidations and Valuation Issues arise from Roof Light Case that Landlords, Tenants and Property professionals ought be aware of
Ref. Twinmar Holdings Ltd v Klarius UK Ltd & Ors [2013] EWHC 944
The Technology and Construction Court has established a precedent concerning the methods for assessing the deterioration of roof lights under a terminal dilapidations claim for a full repairing lease. With many industrial and commercial buildings incorporating dozens of roof lights, this could impact substantially not only future dilapidations claims – but valuations, rent reviews and ratings…
To read the whole article, click here.
Landlords: Are you breaking the law without even knowing it?
Ref. Superstrike Ltd v Rodrigues [2013] EWCA Civ 669
The recently completed case of Superstrike Ltd v Rodrigues has, for the first time, shone a light on the full extent of the deposit protection requirements for Landlords. The result could mean that hundreds, if not thousands, of landlords up and down the country are breaking the law…
To read the whole article, click here.
Still selling off the family silver?
In order to help with reducing the government deficit, some of this country’s most vaunted and historically significant assets will be, and already have been, sold off. The desperate trend has been increasing in recent years, despite many critics voicing concerns that doing so cuts straight at the heart and centre of historic Britain. We look at the latest high profile casualty of the Government’s quest to ‘sell off the family silver’…
To read the whole article, click here. |
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Construction Giants call for Green Deal rescue plan after terrible five months
A number of the largest firms in the construction industry have written a letter to the main political parties arguing for cross-party action on a Green Deal rescue plan. The move follows release of first quarter figures for the five month old scheme in which only four Green Deal finance plans were signed off and precisely zero became ‘live’. What can be done to aid the ailing flagship policy?
To read the whole article, click here.
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The Rent-to-Rent Phenomenon: Illegal, Immoral or a handy solution to the ‘housing crisis?
First time buyers are struggling more than ever to get on the property ladder or, in fact, even leave home and many are now being drawn to single room sublets. Taking advantage of the demand are a number of rent-to-renters who are reputedly making thousands each month at the expense of subtenants and landlords alike. We look at how they are doing it and whether they should get away with it…
To read the whole article, click here.
Good news from a property market finally on the up
Cautious optimism is the prevailing feeling in the UK property market at the moment, with figures indicating a 42% year-on-year rise in first-time buyers and the fastest rise in property prices for three years. We look at why a growing number of first-time entrants are a good thing and keep you up to date with the facts about what is happening in UK property…
To read the whole article, click here.
Making the most of your Home – Potential revenue streams you may not have considered
As the cost of living rises inexorably, households inevitably search for additional income streams to supplement their own revenue streams. We look at some innovative ways to squeeze more money out of your biggest asset, some which could net you thousands of pounds a year with minimal effort…
To read the whole article, click here.
Government Spending Review Roundup – Substantial Investment could lead to 20 year building rate high
The new spending commitments announced by Danny Alexander MP, Chief Secretary to the Treasury, include funding for more affordable homes, measures to release swathes of land for development and support for aspiring homeowners to get Britain building. The result, they assert, will be the fastest building rate for twenty years...
To read the whole article, click here.
And Finally....
In case you missed it…..
In case you missed it – World's largest building | World's worst bird rescue
Two stories make our 'in case you missed it' feature this week: the world's largest freestanding building reaching completion, requiring its own artificial sun, and a more homely tale of Health & Safety, the RSPCA and three urban pigeons in distress...
To read the whole article, click here.
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