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You charged for doing RTR checks?
Taking copies of a few passports?!
Yes indeed - Its more than just copying passports though
The user guide I have to read is 39 pages long
You can go to prison for 5 years if you get it wrong
GDPR has to be observed as well in relation to holding their info
Add it all up and its a time consuming headache so got to be paid for -
I was undercharging before for the whole processing thing so this was the straw ..............
Jonathan Clarke. http://www.buytoletmk.com
Jonathan - rents are set by the market, not by landlords' costs.
What factors though set the market?
A myriad of diverse factors - one of which are landlords costs I suggest
Not sure really about LL costs, as they're supposed to reduce as a percentage of the rent over time aren't they?
"...they're supposed to reduce as a percentage of the rent over time..."
Yes, but not while governments are bringing in more and more regulation and compliance.
Who remembers the old one sheet of A4 AST? Job done with one sheet of paper - those were the days. Some of my tenants have still got them.
My costs - especially with S24 now being the main culprit have increased over time
It depends on the investment model as to the % of the rent they represent
The Home Office has been granted permission to appeal against last week’s Hight Court ruling on Right to Rent.
In a statement made yesterday by Caroline Nokes, the Minister of State for Immigration, the Home Office rejected the judge’s findings, said it was disappointed by the ruling and that it would now fight it out in the Court of Appeal.
“In the meantime, the provisions passed by this House in 2014 remain in force,” the statement by Nokes said.
“There are no immediate changes to the operation of the policy. Landlords and letting agents are still obliged to conduct Right to Rent checks as required in legislation.
“The law was and remains absolutely clear that discriminatory treatment on the part of anyone carrying out these checks is unlawful. And the Right to Rent legislation provides for a Code of Practice which sets out what landlords are expected to do.”Full/source article
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**