25 Feb '14, 2am

#GlobalREBubble #UKREBubble 'New law will be a 'huge responsibility' for UK landlords' via @SGPropertyGuru

Feb 25, 2014 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Legislation requiring U.K. property landlords to check the immigration status of their tenants has had its second reading in parliament, and is widely expected to become law later this year. Under the proposed law, landlords who fail to document the immigration statuses of tenants will receive fines of up to £3,000, and any landlord who has a House in Multiple Occupation (HMO) license will risk losing their license. “This is a huge responsibility for U.K. propert y landlords,” said Marc von Grundherr, Lettings Director at Benham & Reeves Residential Lettings. “Already they have to make identity and credit checks, and now they must ensure that tenants are in the U.K. legally. The intention is to stamp out rogue landlords who let sub-standard accommodation to immigrants, but the problem is rogue lan...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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