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Loopholes in Rent-to-Rent must be closed to avoid abuse
Trading Standards is examining the impact of Rent-to-Rent and Guaranteed Rent (R2R) schemes on the private rented sector (PRS) in England, with the aim of identifying and evidencing areas of good practice, and issues of relevant non-compliance or emerging concerns. Propertymark was invited to provide input to an exploratory consultation as an interested party.
FAQs: Economic Crime and Corporate Transparency Act 2023
After the invasion of Ukraine, the UK Government took steps to address growing concerns of money laundering and other economic crime from Russian and foreign entities operating in the UK or with UK companies. This led to the introduction of the Economic Crime (Transparency and Enforcement) Act in March 2022.
How does a Power of Attorney work?
In the event that a landlord dies or has mental incapacity, if a Power of Attorney (POA) has been set up, the person(s) named as the landlord’s POA can instruct on the landlord’s behalf.
Unreturned keys on check out day
If a tenant fails to return the keys, this is normally taken to mean they have not given up the tenancy and therefore can be open to lots of issues for the landlord, even if the tenant has actually moved out.