Setting the correct rental price is one of the most important decisions a landlord can make. Price your property too high, and you risk long void periods and reduced interest. Price it too low, and you may lose out on valuable income over time. In Scotland’s evolving private rented sector, getting this balance right requires …
Read more >Harry Crombie returns to the Citylets Let’s Talk podcast for episode 112, following his appointment as Director at Stand Property. Having built a career that has included running his own agency, holding senior leadership positions and now taking on a new challenge, Harry reflects on the experiences that have shaped his approach to leadership and …
Read more >The main obligation of the Tenancy Deposit Schemes (Scotland) Regulations 2011 (2011 Regulations) is fairly simple; landlords must lodge any deposit received with an approved scheme within 30 working days. Yet despite the Regulations being in force for over 15 years, landlords continue to fall foul of the requirements, often leading to litigation in the First-tier (FTT) and Upper Tribunal. …
Read more >A recent Upper Tribunal decision has given Scottish landlords and letting agents an important reminder: a technical defect in a Notice to Leave may not be enough to protect a landlord from a claim of Wrongful Termination. The case arose because a landlord under a private residential tenancy (PRT) sent a Notice to Leave by …
Read more >Scottish summers don’t often hit scorching temperatures, but when they do, as recent heatwaves have reached further northwards, traditional rental properties can feel stifling. When tenants raise the possibility of air conditioning (AC), landlords may understandably need to consider factors such as installation costs, potential disruption, impact on the property and ongoing maintenance requirements. Understanding …
Read more >Landlords in Scotland with a qualifying income of more than £50,000 are now required to comply with Making Tax Digital (MTD) for Income Tax. Although Scotland has devolved income tax rates and bands, the MTD rules apply across the whole of the UK. Scottish landlords who receive any income from property must keep digital records …
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