A knowledgeable Landlord Accountant can help invest in properties that will provide immediate and higher profits while assisting you in planning and calculating your taxes by keeping up to date on industry trends and particular tax exemptions or reliefs like Mortgage Interest Relief (MIR) etc. 

Landlords require several accounting services. Lanop provides the following: 

1. Preparation of rental accounts
2. Preparation and calculation of rental income tax returns
3. Guidance on Landlord specific tax reliefs and exemptions
4. Advice on Capital Gains Tax
5. Advice on the ‘Let Property Campaign
6. Bookkeeping and Payroll support
7. Compliance with HMRC
8. Financing
9. Service Charge Audits

There’s no limit on agreed rent increases for assured shorthold tenants. Your rent can go up if you agree to it or sign a new agreement. 

 Landlords can suggest a rent increase at any time and may use a rent review clause or the Section 13 process. If you don’t agree to an increase, your landlord can seek to end your tenancy. Regulated or protected tenants have fair rents set by a rent officer. Tenants can negotiate or challenge rent increases through a tribunal if necessary.

As of the Renters (Reform) Bill 2022-23, landlords may no longer outright refuse pets for assured tenancies in the UK. The bill amends the Housing Act 1988, making it an implied term that tenants may keep pets with the landlord’s consent unless there are reasonable grounds for refusal. Landlords must respond to written pet requests within 42 days. They can require tenants to have pet insurance or pay for pet damage insurance as a condition of consent. However, some exceptions to this rule may apply.