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What Does the Autumn Budget Mean for the Housing Market?
Chancellor Rachel Reeves has announced the Autumn Budget, marking the first Labour Budget in 14 years (and the first woman to ever deliver a budget in the UK).
With the ongoing cost of living pressures, many were closely watching this Budget yesterday. Below we summarise the key points that we feel our relevant to the property market.
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Before renting or letting a property, it is crucial that both landlords and tenants comprehensively understand what a tenancy agreement is and what should be included in it. It should outline the terms and conditions of the tenancy, so that all parties are aware of their rights and responsibilities. Let’s take a look at everything that should be included in a tenancy agreement.
Property details
Firstly, the tenancy agreement should contain all the details about the property that is being rented and its full address. A description of the property should also be outlined, as well as its included amenities such as parking spaces and communal facilities.
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An EPC provides a rating of your home’s energy efficiency and its environmental impact. The rating ranges from ‘A’ (most efficient) to ‘G’ (least efficient) and includes recommendations for improving energy efficiency. The certificate helps potential buyers understand the energy performance of the property they are considering buying, as this will dictate how much it costs to run said property.
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Shorter days, falling leaves, and the beginning of colder weather all signify the arrival of autumn. Whether you love it or loathe it, adding a few nice touches to your home can make you feel more connected or, if you prefer, insulated from it. Here are a few tips to give you a head start, so you are ready for its arrival.
Warm up your home with textiles
Throw a few cushions down or add a throw to your sofa and snuggle up to a cosier way of life with a variety of sumptuous materials. Whether you love wool, velvet, or leather, you can make comfort appear aesthetically appealing, which will freshen up your rooms. Warm colours, when the fire is lit, will warm you from the inside out. Luxury can become a feeling that can make your living spaces seem wonderful, so take some time to make the most of your surroundings.
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Under an Assured Shorthold Tenancy (AST), the tenant's deposit is legally safeguarded by one of three government-approved tenancy deposit protection (TDP) schemes. Whether you're a landlord or a tenant, here's everything you should know about deposit protection.
What is Tenancy Deposit Protection (TDP)?
TDP schemes were introduced under the Housing Act 2004 and became mandatory for all Assured Shorthold Tenancies in England and Wales starting from April 2007. These schemes ensure that tenants' deposits are protected and returned at the end of the tenancy, provided the terms of the tenancy agreement are met, and there are no disputes.
