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Even though landlords have already got a lot of regulations to consider, it is imperative they stay up to date with new and changing regulations. The Minimum Energy Efficiency Standards (or MEES) have been in place for some time, but as of 1st April 2020, the regulations apply to all domestic private rented properties.
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While the main focus in the March Budget fell on dealing with the Coronavirus situation, there were some housing measures announced. Many felt that housing would be front and centre of the Budget, but the more pressing nature of dealing with the Coronavirus situation meant all other matters took a backseat.
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With a high demand for rental property, it is easy to see why some people think being a landlord is a great way to generate income. Being a landlord is a challenging role. There is a wide range of regulations to comply with, and you must provide tenants with a high standard of service.
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As a landlord, you have a lot of decisions to make. Location is vital in finding the best property to let. But you should also consider the size and style of property you offer. A recent study by Howsy, a lettings management platform, provides insight what the best properties are for buy-to-let landlords.
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