Short Term or Holiday Let – is there a difference?

Short Term or Holiday Let – is there a difference?

The Council does not seem to have a clear policy regarding short term lets. Factotum are concerned that landlords are getting confusing advice from council workers. They seem to have advised some of our landlords that a tenancy longer than a month would represent the tenants’ only or main residence, adopting HMRC’s definition of 31 days […]

Tenant or Licensee?

Tenant or Licensee?

The majority of people who rent residential accommodation are tenants, but some are in fact a licensee. Firstly – what is the difference? Licensees are common in establishments where the employee is granted accommodation as part of the employment package. For example, educational establishments. A licence rather than a tenancy is seen as a way […]

Generation Z – The Accommodation Crisis

Generation Z – The Accommodation Crisis

Generation Z, also known as the post-millennials or the iGeneration, are rapidly approaching adulthood. Born from 2000 onwards, they are getting ready to take their exams, leave the family home and head to university. They’ll enjoy their 18th birthdays in 2018. Around the time the new Private Rented Tenancy (PRT) comes into force in late […]

New Long Term Letting Regulations – What’s the Impact?

New Long Term Letting Regulations – What’s the Impact?

The Private Housing (Tenancies) (Scotland) Act 2016 will come into force in late 2017 to early 2018. Dealing with long term regulations, it dispenses with the present Assured and Short Assured Tenancies and introduces a Private Rented Tenancy (PRT). All existing Short Assured Tenancies will default, on expiry, to a PRT. We refer to Short […]