More Reasons for Private Rented Sector to be Scared

The Department for Communities and Local Government and Housing Minster, Brandon Lewis MP have played another “blinder” and hammered home yet another nail in the coffin for the Private Rented Sector (PRS) in the form of “Pay to Stay”.

Housing Minister, Brandon Lewis, said:

 “It’s not fair that other hard-working people are subsidising the lifestyles of higher-earners to the tune of £3,500 per year, when the money could be used to build more affordable homes.”

 “’Pay to stay’ will ensure that those tenants on higher incomes who are living in social housing have a rent that reflects their ability to pay, while those who genuinely need support continue to receive it.”

Here is the link to The Department for Communities and Local Government press release:

https://www.gov.uk/government/news/fair-rents-will-ensure-higher-earning-tenants-pay-to-stay

 

So why is the “Pay to Stay” bad for Private Rented Sector?

Housing Associations can now charge full market rent to tenants who have a household income in excess of £30,000 per annum, the very same tenants the Private Rented Sector (PRS) is looking to attract, but which is more appealing to a tenant a private landlord or a Housing Association?

My guess would be a Housing Association is the more attractive option for a host of reasons but the most obvious being:

  • Tenants will be able to buy their Housing Association property after just 3 years with a 35% discount if it’s house and a 50% discount on a flat

So for professional working tenants currently renting from a PRS landlord making the switch to a Housing Association landlord makes sound financial sense.

Next question where are all the low income and tenants in receipt of benefits going to be housed?

You can also read about other ways Government Attacks Private Rented Sector

Diary of a HMO Landlord: Noise, Leaks, Squeaks & Rubbish

After my initial Diary of a HMO Landlord post all was calm and foolishly thought to myself I’m not going to have much to write about this week, but how things change!

So what’s been happening?

I have had the electricians in at one house rewiring each room so they are on their own circuit and meters fitted so I comply with The Heat Network (Metering and Billing) Regulations 2014 and this also ensures tenants are accountable for their usage in their own rooms, all went well until a phone call the next morning about the central heating making a “gurgling” noise. Turns out one of the water pipes had fractured when the wires were being pulled through, which resulted in a lovely water feature in one of the down stairs rooms. On a positive note double boarded ceilings are still intact so it was just mopping up water, drying out carpets and getting the plumber around to solder the damaged pipe.

New tenants moved into a property, former residents of the Salvation Army homeless hostel who are very happy to have a clean and safe environment to live in and have put up with living on the streets but couldn’t put up with the squeaky fire hinges on their new door, so I treated them to a squirt of WD40.

As mentioned the new tenants love the free broadband access, but in other houses it can prove to be a pain in the arse. We all know broadband is a must especially for students and professional working tenants, but there is only so much a landlord can do as I DO NOT provide the service. One house has had intermittent service due to engineering works being carried out by the ISP but still tenants moan on at me and it came to a head when I get calls at 10PM moaning about the service Virgin Media supplies, as you can imagine I wasn’t best pleased especially when my phone ringing woke our baby!

Had the usual calls from Cardiff Council Housing Options Team enquiring what property I have available this week, also chasing “top up” from tenants that have Overpayment Recovery taken from their Housing Benefit Award, the latest tenant having a deduction of £6.50 per week from their Housing Benefit award to pay back about £5000 in overpayments.

At the other end of the spectrum, chasing professional tenants for their rent, the ones who never set up a standing order so the usual text each month to remind them to pay their rent on time and set up the standing order for next month, which they never do.

Rubbish is always a common theme encountered by HMO Landlords up and down the country, tenants don’t seem to like recycling and if they do manage to put rubbish in large black wheelie bins provided by Cardiff Council they don’t like to wheel them out onto the pavement for fortnightly collection so we soon get a build-up of black bags, I don’t know what is going to happen when Cardiff Council half the size of their black bins, be rubbish everywhere!

Finally my favourite aspect of being a HMO Landlord the legalities of the Assured Shorthold Tenancy agreement and tenants serving “Notice to Quit” when they are on a Statutory Periodic Tenancy (SPT), affectionately known as a “month rolling”, or not serving as the case may be. All tenants love it when their fixed term comes to an end and they have the flexibility of a SPT but none of them seem to like the fact that the tenancy runs from one rent day to the next and they have to serve their “Notice to Quit” in writing, giving at least one months’ notice and ending on a rent day. This important point is highlighted when the tenant first signs the AST, also it is on the notice board and once again pointed out once their tenancy moves from a fixed term to a SPT, do they play by the rules, no way!

The latest one believes it is ok to text me on Saturday evening of a Bank Holiday weekend asking if they serve notice this evening, will they still have to pay their next rent payment, then continue to barrage me with text messages and emails up until 7AM today saying they are not paying rent whatever happens because they have found a new place. A phone call this morning has cleared up the situation.

And finally this afternoon I receive a call from the next door neighbour of a property I own. There seems to be an issue with noise, the neighbours words were “it sounds as if they are kicking a football against the party wall all night long”. Next on my “To Do List” find out what or who is creating the continual thudding! I will let you know how I get on.

Feel free to ask any questions via my blog or complete the form below if there are any specific HMO topics you would like me to discuss.

House Sharing A Tenants Guide

House Sharing is becoming more popular across all demographics of the UK population, from fresh graduates who have just planted their foot on the first rung of the career ladder, under 35’s who are being forced to house share due to changes to housing benefits or more mature members of society who are no longer able to afford to live on their own.  Demand for house sharing is only going to increase as our islands population continues to grow and place an extra strain on our limited housing stock.

House Sharing main benefits are it is a great way to meet people if you are new to an area. House sharing offers a social life as well as place to live (we recommend multi let properties with a communal area) and financially it makes sense as bills are either included in the monthly rent (easier to budget each month) or split between all tenants.

Where to find a House Share

There a huge number of online mediums to find a house to share, sites include:

www.spareroom.co.uk

www.uk.easyroommate.com

www.gumtree.com

www.housepals.co.uk

www.roombuddies.com

www.kangaroom.co.uk

There are also sites geared toward specific geographic locations in the UK, such as:

www.intolondon.com

www.housesharewales.co.uk

As well as sites offering specific ethnic, gender and other preferences:

www.indianroommates.in

www.gayflatshare.net

So whatever you’re chosen location there will be a site and house share to suit your specific needs.

House Sharing: Arranging a Viewing

It is very important to view the property before committing to enter into a house sharing agreement.  When viewing a property it is now law that you are shown a copy of the Energy Performance Certificate (EPC).  An EPC contains information about a property’s energy use and energy costs and provides recommendations about how to reduce energy use and save money.  An EPC provides an energy efficiency rating from A (most efficient) to G (least efficient).

Even if bills are included in the monthly rent and EPC will provide a snap shot at the overall condition of the property as often a more energy efficient house will have a modern boiler and double glazed windows which will be of benefit in the winter.

Other certificates to look out for are a Gas Safety certificate (renewed annually) and Electric Certificate (Valid for 10 years) and HMO License (mandatory if the property is 3 or more storey and houses 5 or more people) any House of Multiple Occupancy (HMO) you visit should have a notice board containing the landlords contact details, house rules and certificates on display.  This is a good indication the Landlord understands and takes their responsibility to tenants seriously.

 What is the ideal number of Housemate

When embarking on your house sharing journey it is important to meet your potential housemate and decide upon which house share best suits your needs. Although there is no absolute “best” number of housemate when house sharing it is good to avoid two or three together as two housemates can create an intensely inwardly-focused and dependent situation, and falling out or pairing off in other relationships often happens.

Three same sex housemates can lead to accusations of favouritism or ‘ganging up’ against one housemate.  House sharing with four, five and even six mixed-sex housemates often promotes an environment that is high on flexibility and offers non-intense rapport that helps avoid dangerous arguments and fallings-out.

Obviously when house sharing with five or six housemates amenities need to be taken into account and I would recommend looking for a house share with more than one shower room and a separate WC or a house share that offers ensuite facilities.

Questions to ask potential housemates

What time do you get up in the morning?

What time do you go to bed?

Do you smoke?

How often and how would you clean a toilet?

What is the price of a large sliced loaf/jar of coffee?

What experience have you had of working in a team?

 House Sharing Legals

You’ve found the perfect house share; you spoken with the landlord and housemates, now the fun begins.  As previously mentioned you should have already seen a copy of the EPC during your viewing as well as the Gas safety Certificate.  Other factors to consider are a bond.  If the landlord or agent offers an assured shorthold tenancy (AST) and requires a bond legally they are required to protect your bond within one of the following tenancy deposit protection (TDP) schemes:

Your bond must be protected in one of the above within 30 days of receiving the bond payment and  the landlord or agent must provide you with a Prescribed Information Certificate containing the Terms and Conditions of the chosen TDP scheme.

More information about TDP Scheme can be found on the Government Gov.uk site:

https://www.gov.uk/tenancy-deposit-protection/overview

AST or License

If you are house sharing with a live in landlord chances are you will be provided in a License rather than an Assured Shorthold Tenancy (AST) as a form of housing contract.  Please be aware a housing license offers less protection from eviction than an AST.

If your chosen house share doesn’t have a live in landlord and you do not have a main UK residence other than your new house share the landlord or agent has no option other than provide you with an AST whether it be a written or verbal contract.

The charity shelter provides a wealth of information relating to AST and Licenses her:

http://england.shelter.org.uk/get_advice/renting_and_leasehold/renting_agreements

Rooms in Cardiff in a specialist provider of HMO and multi let services to landlords and property investors in Cardiff and throughout South Wales.

We are also a source of information for those interested in house sharing and a great place to come if you are looking for a housemate or Rooms to Rent in Cardiff  and across South Wales.

HMO Landlord Fined for Unsafe, Overcrowded and Unlicensed Luton Property

Another HMO Landlord added to our “rogue Landlord” feature, a useful guide of how not to go about managing a House of Multiple Occupation (HMO) and multi let portfolio.

HMO Landlord Khaled Ahmed, 36, failed to attend Luton Magistrates Court on 15 October where he was ordered to pay nearly £53,000 for operating an unlicensed, unsafe and overcrowded House in Multiple Occupancy (HMO).

This Luton HMO Landlord has gone for the hat-trick by managing a unsafe, overcrowded and unlicensed House in Multiple Occupation (HMO) and following a number of complaints from tenants living at the property at 35 Dunraven Avenue, officers from the Council’s Private Sector Housing team carried out an inspection of the eight-bedroom, four-storey house where a number of health and safety breaches were found the most serious being structure altered internally causing a number of potentially fatal fire safety hazards.

This rogue HMO Landlord provided poorly sub-divided rooms to gain additional smaller bedrooms so more people could live there. One bedroom measured just five square metres as well as a young female student living in the attic space, which could only be accessed by an unstable staircase, without windows, ventilation or heating. Other hazards related to obstructed fire exits, accumulations of rubbish, lack of fire doors, and lack of fire alarms and disrepair to the property.

The Magistrate described the property as a ‘death trap’ run for commercial gain and convicted Mr Ahmed for all breaches.

Mr Ahmed was fined £15,000 for failing to licence the property, a further £4,000 for each of the nine breaches of the Management of House in Multiple Occupation Regulations 2006 which totalled a further £36,000 and a £15 victim surcharge. The Council was also awarded £1,957 costs. Total fines and costs amounted to £52,957 which is one of the highest fines recorded in Luton.

As a further consequence the tenants can apply to the Residential Property Tribunal for a Rent Repayment Order to claim back all rent paid for the past 12 months.

When handing out the fines, the Court also took into account that Mr Ahmed had taken over £22,500 in rent and deposits from tenants.

Cllr Tom Shaw, Portfolio Holder for housing, said: “This is one of the worse cases we have ever seen with tenants being subjected to dangerous and potentially life threatening conditions. What makes it worse is that the actions of the landlord were deliberate and purely for commercial gain.

“I am glad that  substantial fines were imposed, as this serves as a strong warning to any other landlord who thinks they can get away with this illegal behaviour. HMOs need to be licensed to protect the health, safety and wellbeing of the occupants and to prevent them living in overcrowded conditions with insufficient facilities.”

“The Council takes the condition of the private rented sector very seriously and we have recently embarked on a programme of inspecting all Houses in Multiple Occupation within Luton. We will not hesitate to take further court action should any other offences be committed.”

Anyone living near or knowing of such a property which they believe to be an unlicensed HMO should contact the council on 01582 54 72 22 or email HMO.Hotline@luton.gov.uk.

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

The Court Process of Possessing a Property

We thought the following flow chart and information relating to the process of gaining legal possession of a property may be of use to all the landlords out there.  The flow chart and information is taken from the Ministry of Justice.

To obtain a court order granting the entitlement to take possession of a  property, a claimant – a mortgage lender or a landlord – must first make a claim which is then issued by a county court. Generally, the issuing process involves the arrangement of an initial hearing before a judge. At such a hearing, a judge may:

  • · grant an order for outright possession of the property at a date decided by the judge;
  • · grant a suspended order for possession of the property; or,
  • · grant no order for possession (e.g. after deciding the claimant has no legal right to take possession of the property).

The suspended order for possession of the property usually requires the defendant to pay the latest mortgage or rent instalment, plus some of the arrears that have built up, within a certain defined period. As long as the defendant complies with the terms of the suspension, the possession order cannot be enforced.

More than one order may be granted during the course of an individual case. For example, it is possible that after an initial possession order is granted, the defendant may make an application to the court for the order to be varied or set aside, which could then result in another order being made.

A granted order entitles the claimant to apply for a warrant to have the defendant evicted by bailiffs, so taking possession of the property. Only then does repossession occur. Actual repossession figures (including voluntary repossessions such as where the mortgagee or tenant hands back the keys) are only available for mortgages and are compiled by the Financial Services Authority (FSA) and the Council of Mortgage Lenders (CML).

Throughout the court process, even where a warrant for possession is issued, the claimant and defendant can still negotiate a compromise arrangement to prevent eviction.

A flow chart showing the court process of possessing a property for landlords and mortgage lenders

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Swansea HMO Landlord: License Properties or Face Fines

Two Swansea HMO Landlords have received heavy fines by magistrates after failing to license their respective House of Multiple Occupation (HMO)

Fines of more than £9,000 were handed out to Huw Rees Davies of Llangennech, Llanelli and Mark Gethin Harris of Mildenhall, Suffolk.  Both defendants failed to obtain licenses for their House of Multiple Occupancy (HMO) after several reminders from the council.

Mr Davies, appeared before Cardiff Magistrates and was fined a total of £1,450 in relation to two properties at William Street and Clarence Street. He pleaded guilty to a total of 15 offences including failure to license an HMO at one property and breaching licensing conditions at another.

Mr Harris appeared before Swansea Magistrates and pleaded guilty to 12 offences linked to a house at Chaddesley Terrace. They included failure to license an HMO and failure to comply with Management Regulations. He was fined a total of £8,000.

Swansea Council is now urging landlords who rent out Houses in Multiple Occupation (HMO) in the city to check if they need a licence.

The Council was awarded a total of £2,193 costs for both cases.

Mark Child, the Council’s Cabinet Member for Wellbeing, said: “Tenants in private rented accommodation in Swansea need to be reassured that the property they are living in is safe and is maintained to an acceptable standard.

“The licensing scheme we have in place helps to verify that landlords are carrying out their responsibilities to provide good quality accommodation.

“We will continue to prosecute anyone who fails to license their property when they are required to. If landlords are unsure whether they need a licence they can contact the Council for advice.”

Swansea HMO landlords must acquire an HMO Licence and manage their property in accordance with the HMO Management Regulations.

There are around 2000 HMOs in Swansea, many of which are located in the two central wards of Castle and Uplands.

All HMOs in Castle and Uplands need to be licensed. HMOs in other areas require a licence if there are three or more floors and five or more occupants.

Landlords in Swansea can visit Swansea Council’s website for help and advice about licensing an HMO. Visit www.swansea.gov.uk/hmos  or phone 01792 635600.

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Cardiff HMO Landlord fined for Management Breaches

A Cardiff HMO Landlord has been successfully prosecuted by Cardiff Council following breaches of the Management of Houses in Multiple Occupation Regulations (Wales) 2006.

The landlord, Mr. Yazdan Kayhanian of Lake Road West, Cyncoed, Cardiff, was fined £2000; ordered to pay costs of £950 and a victim surcharge of £15

The house of multiple occupation (HMO) at 116 Richmond Road, Plasnewydd, Cardiff was initially identified to be a shared house in multiple occupation in October 2009. An inspection later revealed failures to comply with the Management of Houses in Multiple Occupation (Wales) Regulations 2006. However, the landlord advised Cardiff Council officers that the property was shortly to be converted into self-contained flats.

In October 2010, a re-visit identified that the house of multiple occupancy (HMO) had not been converted into flats and remained a shared house. Mr. Kayhanian advised the case officer that the conversion would take place during the summer of 2011.

 

In February 2012, a further visit confirmed that the property was still a shared house in multiple occupation and a number of serious failures to comply with the Management of Houses in Multiple Occupation (Wales) Regulations 2006 were noted.

 

At Cardiff Magistrates Court, District Judge Charles believed that the defendant had deliberately misled the Council into not taking action when he said that he was going to convert the property into flats; that he had made a misleading statement that Keylet were responsible for the management of the property and that he had deliberately attempted to mislead the Council again by getting the tenants to sign a letter accepting some of the blame. The District Judge told the defendant that he was the ‘author of your own misfortunes’; that he was unscrupulous and that he took advantage of the fact that the tenants were students.

 

Mr. Kayhanian was found guilty of all of the charges against him. These were:

 

Offence contrary to Regulation 7 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that all common parts of the house are maintained in good and clean decorative repair and in a safe and working condition and kept reasonably clear from obstruction.

Offence contrary to Regulation 8 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that in relation to each part of the house that is used as living accommodation that the internal structure is maintained in good repair and any fixtures and fittings are maintained in good repair and in clean working order

Offence contrary to Regulation 5 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that the drainage system serving the house is maintained in good, clean and working condition in that the gully to the annex side elevation was blocked and overflowing

Offence contrary to Regulation 4(2) of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that any fire fighting equipment and alarms are maintained in good working order

Offence contrary to Regulation 4(1) of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that all means of escape from fire are maintained in good order and repair

 

Councillor Lynda Thorne, Cardiff Council’s Cabinet Member for Communities, Housing and Social Justice, said:

 

“We know that there are lots of good landlords in Cardiff who manage their properties well and comply with legal requirements. We want to encourage those landlords and assure them and tenants living in HMOs that we will take appropriate legal action, including prosecution, for those who fail to comply with the law.”

 

“Our approach is to work with private landlords in order to help them meet the standards that are expected of them. We can offer a range of support including advice, an accreditation scheme, help with finding suitable tenants, help with deposits and rent advances, and property checks. But we are also clear that where landlords do not meet acceptable standards, then we will act.”

 

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

 

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

ASBO HMO landlord fined for breach of fire regulations

The UK’s first residential landlord to be served with an ASBO has been found guilty of failing to comply with fire regulations at a house in multiple occupation (HMO).

The ASBO HMO landlord, Catherine Boyle, 59 of 14 Iverson Road, London NW6 was convicted at Highbury Magistrates’ Court on Tuesday 6 November.

The defendant was found guilty for failing to carry out works specified in an improvement notice from Camden Council and four breaches of fire-related House of Multiple Occupancy (HMO) regulations.

Boyle also breached her HMO licence by providing her tenants with non-fire retardant furniture.

The UK’s first ASBO landlord was fined £3,600 and ordered to pay Camden’s costs of £4,459.60. Boyle must pay the sum within four months. A failure to carry out works could see her prosecuted again by the authority.

The council had served an improvement notice on Boyle in April 2011, requiring her to carry out extensive works to rectify serious hazards by November last year.

When Camden’s inspectors paid a visit in January this year, the work had not been completed.

The council gave the defendant more time to comply. However, in May this year inspectors found that the fire detection and alarm system were not connected to a power supply, fire doors were inadequate and furniture was still non fire-retardant.

The house of multiple occupancy (HMO) also had poor thermal efficiency and windows “in a terrible state of repair,” Camden said.

The ASBO, lasting for two years, was obtained at Highbury Magistrates’ Court in January 2011.

Under the order, Boyle is prohibited from causing harassment, alarm or distress to her tenants, entering their rooms without consent, and cutting off their gas and electricity supply.

Camden’s cabinet member for housing, Cllr Julian Fulbrook, said: “We inspect all our HMOs regularly to make sure they comply with all health and safety regulations so that tenants are safe in their homes. In the most serious cases we have the power to revoke an HMO licence and take over the running of the properties ourselves.”

Rooms in Cardiff provide services to landlords across Cardiff and South Wales who own a house of multiple occupation (HMO), Multi Let property, Student Housing or a professional house share and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

Alternatively you can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Multi Let and Help the Millions Who Live with Parents

At Rooms in Cardiff we are always keen to promote the benefits of multi letting and creating a professional house share as an alternative use for your House of Multiple Occupancy (HMO) and Student Housing, and now there is even more evidence that should help you switch the use of your House of Multiple Occupation (HMO).

The potential for landlords to diversify, capitalise and cash in on the multi let market is huge.   In the United Kingdom, more than 1.6 million people aged between 20-40 are still living with parents because they cannot afford home ownership and in May this year the Office of National Statics reported that 2.9 million people aged 20-34 were still living at home.

Rooms in Cardiff has seen a huge demand from professional tenants aged between 20 and 35 looking for Rooms to Rent in Cardiff and across South Wales, those people who are in gainful employment, earning a good salary who just cannot afford to get on the property ladder, but do not want to live with their parents for a multitude of different reasons.

If you are a landlord with property in Cardiff or South Wales and interested in finding out how you can capitalise on the growing demand from professional tenants who are looking to Rooms to Rent in Cardiff  why not email info@webletz.co.uk or call us on 0845 496 0000 or visit www.roomsincardiff.com

Rooms in Cardiff are a specialist provider of landlord services for landlords with House of Multiple Occupancy (HMO), Student Property, Professional House Share and Multi Lets.  Our services include:

Tenant Finder No Tenant No fee

Property Listing across multiple property portals

HMO & Multi Let Property Management & Property Services

HMO Rent Guarantee

Guaranteed Rental Income Cardiff

The buzz around the property world at present seems to be “Rent to Rent” or as we like to call it Rent Guarantee.  Do not confuse this with Rent Guarantee Insurance as with our Rent Guarantee Scheme there is no set up costs and no excess charges and no small print which stops claims being made for the 90 days of the policy.

Our Guaranteed Rental Income Cardiff scheme is simple to understand and guarantees landlords in Cardiff and across South Wales piece of mind that they will receive a guaranteed rental income each month with no void periods and no hassle.

How Does Rent Guarantee Work

The flow chart on the left explains it best.  For “Rent to Rent” or Rent Guarantee to work three separate parties are needed:

The landlord this is the party who is looking for a guaranteed rental income for their property investment.

 Rooms in Cardiff: We provide The Landlord with a true rental market appraisal of their property investment as well as providing a Rent Guarantee figure we can provide each month of the contract term whether your property is tenanted or not.

 Tenant(s): If The Landlord agrees to Rooms in Cardiff Rent Guarantee figure and enters into a Rent Guarantee agreement then it is Rooms in Cardiff job to proactively search for professional and referenced tenants, set up tenancies and manage the property investment at no expense to The Landlord.

The contract between The Landlord and Rooms in Cardiff is a commercial Agreement or Management Agreement which outlines when the Rent Guarantee Scheme will commence, its duration and the Rent Guarantee figure The Landlord will receive.

Once a professional Tenant or Tenant(s) have been found and they have successfully completed Landlord Referencing, Employment Referencing and Credit profiling Rooms in Cardiff will enter into an Assured Shorthold Teancy (AST) for a 6 month period with the tenant(s) as well as conducting a thorough inventory and lodging tenant deposits with The Deposit protection Service as required by the Housing Act 2004.

If you are looking for a Guaranteed Rental Income Cardiff our no fuss and easy to understand Rent Guarantee Scheme is the perfect solution whether your property investment is an apartment, flat, bungalow, family home or house of multiple occupancy (HMO).

For a no obligation Rent Guarantee appraisal please email info@roomsincardiff.co.uk or call us on 0845 496 0000 to speak with one of our team.