Currently viewing the tag: "move"

 

Moving Abroad? – Things To Know Before You Go

Moving Abroad? – Things To Know Before You Go

British Citizens Warned To Plan For

The Unexpected When Moving Abroad!

The Foreign and Commonwealth Office (FCO) has issued a checklist for British citizens planning to purchase property, retiring or moving abroad.

Buying property overseas can transform the lives of many property investors, but buyers are warned to take independent advice before completing any overseas property purchases and moving abroad.

FCO staff last year helped a number of British expatriates with a variety of issues, with many people facing heavy fines, financial ruin or finding themselves on the wrong side of the law because they were not fully prepared.

These cases involved issues such as property disputes, bankruptcy caused by changes in personal circumstances, pension complications and unexpected health issues.

A recent FCO report also suggests that high hospitalisation and death rates occur in areas where large numbers of elderly British nationals reside, notably in Europe and South East Asia.

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Landlords Can Do More To Retain Tenants

Landlords Can Do More To Retain Tenants

Helping Tenants Move Rental Property

There are occasions when landlords need to rise above expectations in order to retain good tenants, even if it means the landlord has to make some arrangements or do extra work.

When tenants request to end a tenancy so that they can move property, there are times when portfolio landlords are in a position to offer them a choice of alternative rental properties to choose from, rather than lose good tenants.

Tenants may want to move for a variety of reasons, including moving to a smaller property that costs less to rent and live in and run due to a change in their circumstances. Downsizing can be a daunting process for anyone because many decisions need to be made about what to take and how much furniture is needed.

In such circumstances it makes sense for the landlord to go above and beyond normal expectations and help the tenants as much as possible, after all if the tenants pay the rent every month without fail and have looked after and even improved the property they currently live in, they are very likely to repeat their actions, benefitting the landlord, so going the extra mile for them is good business.

One way for landlords to help tenants decide what furniture of their own they will be able to take to the new smaller rental property is for the landlord to provide them with an accurate plan of the property including measurements of the size of the rooms and they can then map out each room so that they can work out what will fit.

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UK tenants can't afford to move house

PRS Tenants are staying in rental properties longer

Figures released by the Association of Residential Letting Agents, (ARLA), have shown that the average length of a UK tenancy in the private rented sector (PRS) is around 19 months.

The vast number of people now renting in England has increased by a dramatic 56% since 2004, which now accounts for over 20% of all households.

Tenant occupation length has increased 21% since records began in 2004.

With a limited supply of new property and rents now tipping the scales of the previous market peak of 2008, tenants who are coming towards the end of their term are finding fewer options available than they previously had.

A stark contrast to the preceding three years when low rents gave hard negotiating tenants the luxury of either staying where they were for less money, or upgrading to bigger and better properties with either no or minimal rent increases.

The UK private rented sector (PRS) is stronger than ever. Residential rental values have resulted in attractive inflation beating yields, and the supply and demand scales are now firmly tipped back in favour of the Landlord.

Legal 4 Landlords spokesman Sim Sekhon noted “It has become more sociably acceptable that people choose to rent property instead of purchasing it. In Germany, and other parts of Europe, renting is the norm. The UK as a nation is getting in line with our European counterparts”.

Landlords have a wide variety of professional services available to them to compliment and assist with their business requirements including insurance and rent guarantee products

 

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