Saturday, 21 December 2019
Happy Christmas to all of my clients and a heartfelt thank you for your continuing support and valued business. We would like to wish you all the best for the festive period and really look forward to seeing you in the new year.
Christmas Opening Hours
This year we have seen some challenging queries and situations arise due to the changes that the Scottish Government has made to tenancy contracts and a firm hand in regulating agents themselves. Legislation has been designed to overhaul our sector and provide more security of tenure to tenants and a professional service to Landlords and tenants alike. As professionally trained letting agents at Fentons, we have the resources to tackle all of the problems that arise and find solutions to the complexities in our sector. With the backup of our solicitors to hand we will continue to advise you to the very highest standard and the best of our ability.
The most recent Energy performance legislation is to come into force on the 1st April 2020 with further changes in 2022 and 2025. In short each let property must achieve a rating of E or above at the change of tenancy by 1st April 2020 otherwise it will become illegal to rent that property out. All rental properties must also have an EPC rating of E by 31 March 2022. In addition, the requirement will become more stringent in future as all rental properties must have an EPC rating of D by March 2025.
Please get in touch if you would like further information and planning on this subject as there are spending caps and exemptions in place under certain circumstances.
This year the deposit scheme legislation has been overhauled with some interesting amendments and consequences. Please note that if you have not registered a deposit with one of the various schemes within the permitted time scale (30 working days) the scheme itself is now responsible for alerting your tenant to this fact. This will only be triggered if the landlord tries to claim from the deposit at the end of the tenancy. You will I am sure be aware that the penalty is a fine of up to three times the value of the deposit and the tribunal is not being at all lenient on this type of case anymore.
Please get in touch if you would like further information and advice on this subject.
In March/ April 2020 Fentons will be transitioning to SME professional, a new piece of software that will enable you far greater access to your property accounts and a smoother back office for us. We will be in touch again nearer the time about this exciting upgrade that will give you far more inclusion and up to the minute information with your own account login.
Next year we will continue to work hard to support you with your properties and all of the continuing changes to the Private Rental Sector and I sincerely look forward to being able to do so.
With Kindest regards