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Lettings Tips

Get To Know Your Tenants Better

Who are your tenants? Will they pay rent on time? Could they damage the property? These are just a few question you might have in your head as you begin letting to a tenant. Below we’ve outlined some key things you should do to build trust with your tenant as your start your tenancy. 1 The Tenancy Agreement By including periodic inspections within your tenancy agreement you’ll be able to gain an understanding of who your tenant actually is. Ensure these are carried on a quarterly basis at the start of the tenancy, as you get to know the tenant, these inspections can be reduced. Should the tenant be unhappy about your inspection, this could be an indicator that they have something to hide. 2 Tenant Referencing Carrying out a reference alongside a credit check (for a credit check written permission must be provided by the tenant) on your tenants …

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Property Marketing

Where Do You Get Property News?

How do you receive your news? Whether it’s Facebook, Twitter, LinkedIn, YouTube, Instagram, VTUK’s blog, Property Industry Eye, Estate Agent or Letting Agent Today, The Negotiator, Google or your local newspaper, receiving instant updates about the industry and your community is key. Should it be the latest industry compliance, breaking property news, news about a particular event happening in the community or simply the latest social media updates, you and your staff should be up to date. Our Openview software can help you and your staff get in know by creating your agency it’s very own RSS feed. Openview’s RSS feed will then deliver the latest, breaking news instantly to you via it’s interface, allowing you to deliver it straight back to your customers. Find out more about Openview’s RSS feed, call 0800 328 0460, email info@vtuk.com or visit vtuk.com.

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Compliance

Legionella: What’s Your Responsibility?

When it comes to legionella, agents have a legal responsibility to ensure the health and safety of their tenants by keeping the property safe and free from health hazards, whether they let a home or room within a home. Overall, it’s an agent’s duty to assess the risk of legionella to ensure the safety of the tenants. This doesn’t require an in-depth, detailed assessment. Assessing The Risk Most agents can assess the risk of legionella themselves should they feel competent and understand the water system. Agents are not required by law to keep a record of the assessment; this is only law for employers with five or more employees. It’s recommended agent’s keep a record for their purpose and benefit should a legal case occur. The assessment should include a site survey of the water system. It’s important water is not left to stagnate such as in student accommodation. Careful …

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Compliance

Mandatory Client Money Protection

How can you comply with mandatory Client Money Protection? Below we’ve outlined everything you need to know… From April 1st 2019, all agents managing lettings in England must be registered with a CMP scheme. This scheme must be an approved government CMP scheme. As well as belonging to a CMP scheme, agents must display their CMP certificate in their branch as well as on their website. A copy of the certificate must be issued to anyone who reasonable requires it, free of charge. You must notify clients within 14 days, should your CMP scheme be revoked or you change CMP providers. Clients must also be notified of your CMP scheme’s name and address of which you are a member of. As well as this, you must ensure your level of CMP membership provides sufficient cover to compensate clients for the maximum amount of client money you hold. demo What CMP …

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Compliance

Explaining The Homes (Fitness For Human Habitation Bill)

From March 20th 2019, agents and landlords must comply with the Homes (Fitness For Human Habitation) regulations. The Inventory Check The first step to demonstrating your property is fit for human habitation is to think about inventory check. You should re-design your inventory check to meet the Housing Health and Safety Rating System (HHSRS). Photo evidence should be provided in your inventory check to highlight the points raised in the Housing Health and Safety Rating System (HHSRS). This includes your property’s electrical hazards, lighting and food safety. (Your inventory check should already include photo evidence of the property’s condition in reference to the HHSRS, it’s vital this stays the same.) At the end of the tenancy, it’s vital you create a photo based check-out and inventory check so you can see if the property has become unfit. A mid term inspection with photographs will help avoid the property become unfit. …

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Prop Tech

What’s The Future For Housing And 3D Printing?

Join us on Twitter this Wednesday 13th March at 3pm as we ask the question, “3D printing: What does it mean for the housing market?”. Follow the conversation using #QuestionTribe. We chatted with one of our Developer’s Jae who shared his view on the future of 3D printing and what it means for the market. When did you first experience 3D printing? “I was first introduced to 3D printing when I had a need to produce parts for quad copters that I race and build. I was waiting on components to come in from China and I’d have to wait a few weeks to get the parts. So there was a need to print my own which led me into building 3D printers and printing for myself.” Will housing soon be 3D printed? “Housing is currently already being 3D printed. There’s actually a case over in America where they’ve built …

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