July 2017 - MGN Inventories goes social

MGN Inventories have now joined Facebook, Twitter and Linkedin. Follow/like us to keep up to date with all our latest news.

June 2017 - Tenant Agency fees

Following the suggestion last year to ban letting fees to tenants, a new Tenants Fees Bill was announced in the Queen's speech, which will stop tenants having to pay money to agents. When the bill becomes law it is likely that landlords will have to find the money to pay for such fees themselves. Letting agents fees are already banned in Scotland. A government spokesperson said a draft bill will be published "later this year".

June 2017 - Deposits

During the Queens speech it was proposed that deposits will now be capped at no more than one month's rent. The move has been made to make private rental more affordable and competitive however the NLA (National Landlords Association) have already predicted tenants might be tempted to use the deposit as the last month's rent meaning landlords will be out of pocket should the property be damaged.

October 2015 - Smoke and Carbon Monoxide Alarm (England) Regulations 2015

On 1st October 2015, the law changed regarding smoke and carbon monoxide (CO) detectors. From that date, landlords in England are required to have fitted smoke detectors (alarms) on each storey of a rental property. CO detectors are also required in rooms where solid fuel appliances (e.g. those containing an open fire or log-burning stove) are installed. In general, smoke alarms should be fixed to the ceiling in a circulation space, i.e. a hall or a landing, and CO alarms should be positioned at head height, either on a wall or shelf, approximately 1‒3m away from a potential source. The regulations do not stipulate the type of alarms (such as hard wired or battery powered) to be installed. Landlords should make an informed decision and choose the best alarms for their properties and tenants, but it is recommended that 10-year guarantee lithium battery or hard-wired alarms are installed.