News

Landlords have for many years been obliged to ensure that the electrical installation in a rented property is safe when tenants move in and maintained in a safe condition throughout its duration but they have not been legally obliged to have an official test, in the same way that the gas safety must be certified. 
From April this year, all property agents must register with an approved client money protection scheme, or CMPS which protects landlord or tenant money, if a letting agent goes into administration.  Any agent failing to join a CMPS will face a penalty of up to £30,000 for non-compliance.  Pace has been a part of a CMPS for several years now.  We are an accredited SAFE agent where SAFE stands for Safe Agent Fully Endorsed. This is a mark, denoting agencies that protect landlords and tenants’ money through CMP schemes.   
New regulations have come into force which state that a landlord requires a licence to let a House of Multiple Occupancy (HMO). As a rule of thumb, a property is classed as an HMO if it’s inhabited by people who are unrelated and share facilities such as kitchens and bathrooms. If you’re a landlord, be aware that even if you previously let an unlicensed HMO, the regulatory changes may mean you need a licence now. The outcome of this new legislation is beginning to surface, as rogue landlords continue to be identified, fined and prosecuted which is positive news for tenants and the industry as a whole.
As of 1st June 2019, the government is banning the charging of tenants for all fees for letting properties.  Previously, the landlords have paid for the marketing, tenant finds, contracts and inventories and the tenants were charged for the referencing and check ins.   However, we can no longer charge the tenants for this service.    From 1st June we will be adding basic referencing to our Tenant Find service and premium referencing will be available at an additional cost to our landlord clients who wish to take it.  Premium referencing will be included as standard for clients taking our rent guarantee products.  
The Homes (Fitness for Human Habitation) Act 2018 comes into force on 29 March 2019 and all private landlords need to be aware of the details.  Put simply, the new act amends the Landlord and Tenant Act 1985 so that any property let by a landlord must be fit for human habitation when a tenancy is granted and remains so for its duration.

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