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Make Money Online Following the Governments introduction of their Landlord Licensing Scheme many Landlords and Governing Bodies have expressed major concern over the Governments advertising campaign and resulting confusion.
The Government is being accused of running a misleading advertising campaign where Landlords are told “No Property Licence, No Rent” The confusion comes as some of the advertising does not make it clear that not all Landlords have to be licensed.
Agents and private landlords have been inundating ARLA anxious for clarification, as a result many industry experts are concerned that this confusion will migrate throughout the lettings market and spread unease with potential investors and create undue problems for landlords with potential tenants.
The reality is that under the Housing Act it is only owners of certain houses in multiple occupation (HMO’s), properties with five sharing tenants or more, with properties three storey or more that must be licensed. Qualifying Landlords have 3 months from April to apply and obtain a license from their local authority.
To further rub salt into an open wound it is reported that the issuing Local Authority have the right to charge as much as they want for the licences.
Landlords or their Agents have to prove their properties are “Fit & Proper” and be thoroughly inspected and must bring the property up to standards before the licence will be issued. Failure to obtain a licence can result in severe penalties with potential fines up to £20,000 and possible bans.
For further information on Landlord Licensing visit the governments website www.propertylicence.gov.uk or visit www.let-online.co.uk for further updates.

The Government announced on 5 August 2005 the start of the procurement exercise to seek potential suppliers to run Tenancy Deposit Schemes. The consultation closes on 1 February 2006. Runaway tenants leave landlords in the lurch Half of all landlords have, at some point, had a property abandoned by a fleeing tenant, according to a new survey. Out of those landlords who have experienced runaway tenants, nearly four out of ten (39%) said that this had happened to them within the last year, with more than a fifth saying it had happened just within the last six months.

Internet Business Opportunity www.let-online.co.uk is the property rental portal for the North East of the UK.

Catalogue: Finance | Real Estate
Title: UK Government under fire over new landlord licensing scheme By: Dave Thompson

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