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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Property Alert increases number of properties that can be monitored to 10.

1st Jul 2014

Property Alert has made an announcement due to customer feedback they have upgraded the service so that the number of properties that any one person can monitor ,has been increased to ten. The original number of properties that customers were allowed to "view" was three.

The Property Alert service, which is free, was launched in March 2014 following a successful trial. Property Alert helps landlords and letting agents monitor their properties to offset the danger of them being used in fraudulent activity, such as change of registry of the property etc.

The owner of Property Alert, Tracey Salvin said: “We have been collating feedback on the service since we trialled it and there were repeated requests to increase the number of properties people could monitor, such as from landlords who rent out several properties and who fall into the higher risk category of being victims of property fraud.”

Those who wish to take advantage of this free service have to fill in the online forms, complete their registration and list their properties that need to be monitored. Once this is completed, if the Land Registry receives an application to change the register of any of the properties, or any searches are requested, members will be immediately sent an email alert.

Members will be notified of any suspicious activities such as when a bank lodges a search on a property that a member has, and there has been an application for a mortgage, if this occurs they will have time to take legal advice or contact Action Fraud.

Property Alert lists the most likely properties that can be at risk to property fraud.
Empty properties -as where the owner lives abroad or is in a care home
Tenanted properties – for example where the owner lives elsewhere, a tenant might try to mortgage or sell the property without the owner’s knowledge.
Where there are family problems e.g when a relative dies, a family member could try to sell a property without giving someone their proper share.
Properties without a mortgage. According to their records nearly half of all registered residential properties are mortgage-free

 



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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/