On 26th June 2017, the Fourth Anti-Money Laundering Directive (4MLD) will come into effect. The Directive replaces the Third Anti-Money Laundering Directive, which was implemented in the UK by way of the Money Laundering Regulations 2007. The Directive aims to prevent Europe’s financial system from being used for tax evasion, terrorist financing and money laundering. …
Cannabis farms in rented accommodation have been a problem for landlords for several years. Criminals appear to prefer spreading farms around multiple locations to ensure that production continues even when one farm is discovered and closed. It is this need for multiple locations which leads the criminals to rented or squatted property. For landlords, the …
The London Mayor has announced that a new on-line database will be created naming and shaming landlords and lettings agents who have been successfully prosecuted for housing offences. The on-line database is expected to go live this autumn. The Mayor is hoping that tenants wishing to rent in London will access the database to check …
We have a handful of places left for the forthcoming Seminar in Gatwick. The Seminar will take place on Wednesday 24th May 2017 at the Hilton Hotel, South Terminal, Gatwick Airport RH6 0LL. Topics to be covered include the Right to Rent and Immigration Act 2016, Housing and Planning Act 2016 and Trips and slips to …
The Homelessness Reduction Bill has now been made an Act of parliament having received Royal Assent on April 27th. Many feared that this Bill would not be made an Act prior to the dissolution of Parliament for the general election called by Theresa May and might be lost. However, this Bill in addition to another …
Teresa May’s announcement of a general election on June 8th, will have an impact on the upcoming Housing legislation. Some of that legislation is likely to be either delayed and may even be lost if a new Housing Minister is appointed as they may have other ideas. Banning letting agents fees. The consultation is continuing. …
From April 6th, this year, tax relief on mortgage interest payments for landlords was restricted to the basic rate of (20%) income tax. Prior to April 6th, landlords could claim tax relief on their mortgage interest payments. This meant that landlords could offset their mortgage interest against their rental income for the purposes of self-assessment. …
If you live in a flat you may have issues with leaks and flooding from neighbouring flats, especially those above. Where such issues exist, tenants are likely to look to their landlord to make good, but it is not always that simple. Where a leak or flooding damages the structure such as walls, plasterwork or …
In February, HM Revenue and Customs published a consultation paper on further measures to help tackle tobacco duty evasion and other excise duty evasion. Part 6 of the consultation paper discusses imposing a statutory duty of care on landlords where a tobacco offence has been committed. A tobacco offence includes the importation and sale of …
The Government has published its consultation paper on banning letting agent fees paid by tenants. The consultation is expected to last for 8 weeks until the 2 June 2017. The Government is keen on banning letting agent fees in the hope that it will improve competition in the market and give tenants greater clarity and …
Our next Seminar will take place on Wednesday 24th May 2017 at the Hilton Hotel, South Terminal, Gatwick Airport, RH6 0LL. The event will start with registration and lunch from 1:00pm and run from 2:00pm to 5:00pm. Topics to be covered include the following: Right to Rent and Immigration Act 2016 the latest issues; Deregulation …
Paying for buildings and sometimes content insurance for a property you own is always recommended. Many landlords believe that paying for insurance for a property they do not occupy is a waste of money, particularly if it is rented unfurnished. In fact, the opposite is true. Where landlords have a mortgage, it is a standard …
Insurance for rental properties– Do I really need it? Read More »
The Bill has now passed its third and final reading in the House of Lords and will get its Royal Assent shortly. It is likely to be in force in early 2018. Our previous blog explaining the Homelessness Reduction Bill can be read here. The Bill passed through its final stage in the House of …
Another update on the Homelessness Reduction Bill Read More »
The provisions in Part 5 of the Housing and Planning Act allowing for regulations to be made requiring Electrical Safety testing by landlords are now expected to come into force in October 2017. Under the provisions the Secretary of State may by secondary legislation impose an obligation on a residential landlord in England to ensure …
Electrical safety under the Housing and Planning Act 2016 Read More »
Part 3 of the Housing and Planning Act is expected to come into force in October 2017. However, we are not totally confident of that date and it could be April 2017, hence this post. Section 216 of the Act will permit private landlords in England of properties let under an Assured Shorthold Tenancy to …
We are pleased to announce that our phones are working again. Please call the usual number 01420 565310 and press 1 for helpline, or 2 to speak to reception as usual. Apologies for any inconvenience.
PainSmith Solicitors,
1 Mansfield Business Park,
Station Approach,
Lymington Bottom Road,
Medstead, Hampshire
GU34 5PZ
Authorised and Regulated by the Solicitors Regulation Authority (SRA Number 562686)
Painsmith Solicitors Limited trading as Painsmith Solicitors, Director: Marveen Smith. Registered No. 07617210.
