Ask The Experts

Paul Deveney

Residential Landlords

Paul has worked in lettings for over 20 years and prides himself on his wealth of experience and knowledge. He is now the head of lettings, and one of the main board of directors at The Acorn Group.

Go ahead, ask Paul anything!

or search the Frequently Asked Questions

Your Name *

Your Email Address *

Tick this box of the question should be treated as private & confidential

Note: any questions subsequently used on our FAQ page are completely anonymised.

CAPTCHA *

Company

Website

Questions Recently Answered by Paul

Do I need to furnish the property to let it out?

Properties can be let unfurnished or furnished. The more flexible you can be, the more exposure your property will get. Most tenants would expect carpets and floor coverings, as well as kitchen appliances, such as washing machines and cookers.

#propertymanagement #landlord #unfurnished #furnished

#83

Do I have to pay tax on my rental income?

Yes, you may be liable to pay tax on your rental income and further details can be found on the HMRC website. If you are going to be overseas, you will need to complete form NRL2 for approval to receive your rental income without tax deducted, otherwise your agent must deduct the tax at the basic rate and account to HM Revenue & Customs (HMRC); if your tenant is going to be paying the rent direct to you, then your tenant must deduct the tax and account to HMRC.

#tax #rental-property #propertymanagement #landlord #income #hmrc

#84

What if I need my property back before the end of the tenancy; can I ask my tenant to leave?

If you have a fixed term tenancy, unless there is a mutual break clause, your tenant will be able to stay in your property until the end of the fixed term and you will need to serve notice at least two months before the end of the tenancy, advising that you require possession at the end of the fixed term. Any request to leave prior to the end of the fixed term would have to be negotiated with the tenant which, if we are managing the property we can do on your behalf.

#propertymanagement #landlord #fixedterm

#85