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Estate Agency, General, Landlords, Letting, News, Social Responsibility
Cairn – Our Social Responsibility
Cairn – Social Responsibility Cairn care for the future of our planet, people, and wildlife. We want to do “our bit” ethically and sustainably to make sure we are being as good to the planet as we can be. We cannot rely on governments to reduce our carbon footprint. We must all take responsibility. […]
HMO licensing, HMO Properties
Do I need an HMO license for 3 tenants in Scotland ?
Do I need an HMO license for 3 tenants in Scotland ? In Scotland, managing a rental property with multiple tenants often involves navigating the complexities of House in Multiple Occupation (HMO) licensing. This is a crucial area of expertise for Cairn Letting & Estate Agency, who have established themselves as specialists in the HMO market. Understanding whether your property requires an HMO license, particularly for scenarios like housing three tenants, is essential for lawful and profitable property management. What is an HMO? An HMO, or House in Multiple Occupation, refers to a property rented by at least 3 people who are not from 1 ‘household’ but share facilities like the bathroom and kitchen. In Scotland, such properties are common, especially in student and urban areas, and require a specific management approach. HMO Requirements in Scotland In Scotland, any property occupied by three or more tenants who aren’t part of the same family needs an HMO license. This regulation ensures that the property meets certain safety and management standards, which are crucial for tenant safety and wellbeing. It’s not just a legal requirement but a responsibility that landlords must take seriously. Benefits of Having an HMO Obtaining an HMO license might seem daunting, but it comes with significant advantages. It ensures higher standards of accommodation, potentially leading to higher rental yields. Moreover, well-managed HMOs are in demand, offering landlords a steady stream of income. Our extensive experience in this sector means that we can help landlords maximise these benefits. Cairn’s Expertise in HMOs Cairn Letting & Estate Agency isn’t just knowledgeable about HMO regulations; we excel in managing these properties. Our expertise means we can navigate the complexities of HMO management effortlessly, ensuring compliance and maximising returns for landlords. From sourcing the right property to managing tenant relationships, our HMO team offers a comprehensive HMO service. Navigating HMO regulations in Scotland, especially for properties with 3 tenants, can be complex. Professional guidance from experienced agencies like Cairn Letting & Estate Agency is invaluable. Whether you’re new to the HMO market or looking to optimise your current portfolio, Our team is ready to provide expert advice and management services. Contact us today to ensure your HMO property is managed effectively and profitably.
Edinburgh, Estate Agency
How to choose an Estate Agent in Edinburgh ?
How to choose an Estate Agent in Edinburgh ? When it comes to property dealings in Edinburgh, selecting the right estate agent is crucial for a smooth and successful experience. With a plethora of options available, it’s essential to find an agency that not only understands the local market but also aligns with your specific needs. Cairn Letting & Estate Agency, with its profound expertise and rich experience, stands out as a leading option in the Edinburgh property landscape. The first step in choosing an estate agent is clear identification of your property objectives. Whether you’re buying, selling, or letting, your agent should cater to your unique requirements. This is where Cairn excels – by providing a listening ear and bespoke solutions that align with your personal property aspirations. The complexity of Edinburgh’s property market demands an estate agent with comprehensive local knowledge. Cairn’s extensive experience in this market ensures that you’re navigating these waters with a skilled captain at the helm. From understanding market trends to offering insights on local areas, our expertise is invaluable. A top estate agency offers more than just basic buying and selling services. Our range includes thorough property investment advice, letting management, and even assistance with property development. This multi-disciplined approach ensures that all your property needs are met under one roof. Trust and reliability are the cornerstones of any property transaction. Cairn’s established reputation in Edinburgh is built on years of consistent and reliable service, offering peace of mind to clients in what can be a complex and stressful field. In a sector teeming with competition, what sets Cairn apart is its client-centred approach. We don’t just offer services; we offer tailored advice and solutions, prioritising your goals and working tirelessly to meet and exceed your expectations. Choosing the right estate agent in Edinburgh is a decision that can significantly impact your property journey. With Cairn Letting & Estate Agency, you’re choosing a partner that combines local expertise, comprehensive services, and a commitment to your personal property goals. If you’re navigating the Edinburgh property market, reach out to our Edinburgh Branch for expert guidance and support. Contact Cairn today to start your property journey with a team that understands and values your aspirations.
Legislation, Letting
What will happen after the 31st March 2024 regarding Scottish Government’s Rent Cap?
What will happen after the 31st March 2024 regarding Scottish Government’s Rent Cap? From the 6th September 2022, there was a temporary cap on rent increases for private tenancies in Scotland. This was part of the Scottish Government’s wisdom to lessen the burden to tenants on the impact of the cost-of-living crisis. The cap was set at 3% and is expected to stay in place until the 31st of March 2024. The government’s current proposal is that from 1 April 2024 landlords can issue a rent increase notice up to the current market value of the property. The tenant could then refer the increase to the rent officer for adjudication if they felt it was too high. The rent officer would be able to restrict the rent increase through a tapering mechanism. The larger the difference between the current rent and the open market rent, the larger the increase which would be permitted by the rent officer subject to a maximum figure yet to be announced (but likely to be in the region of 10-15%). These proposals are still under consideration and SAL will notify members as soon as a firm announcement is made about rent increase procedures from 1 April. Rent increase notices issued before 1 April are still subject to a 3% cap, even if the increase doesn’t come into force until after that date. Assured or short assured tenancies which contain a rent increase clause in the contract terms are exempt from the current rent cap and are also expected to be exempt from the proposals set out above. Q: Can I increase the rent to market value after March 31st 2024 if I have implemented the 3% increase in the last year? A: No, if you have increased your rent by 3% in the last 12 months you cannot increase it to market value until 12 months has passed since the 3% increase. Can rent for an active tenancy can be increased by any amount? A: No, to prevent steep increases post-rent cap expiration, the government plans to introduce temporary charges to the rent adjudication process. These measures lasting a max of one year and subject to regular review aim to protect tenants during the transition. We doubt most landlords will seek steep rental increases. We know that many landlords have helped tenants throughout the uncertainty of covid and the cost-of-living crisis. Q What are the new temporary changes? A: When the emergency rent cap is removed the Scottish Government plans to amend the rent adjudication process so decisions must be based on the lowest of the three comparators: Open market rent The new rent proposed by the landlord A maximum “reasonable” increase for that tenancy, which will be defined by a new taper calculation. Unfortunately, with less than three months to go we do not yet have firm legislation on the rent increase cap. However, the potential plan set out by the Scottish Government does seem sensible for both landlords and tenants. As an experienced letting agent, we do not foresee any of our landlords requesting for rents to be increased at an unreasonable level and we will always advise them of the market value and what we believe is a suitable increase. Rent Officers will monitor these closely and ensure all landlord and letting agents are being fair and reasonable.
Edinburgh, Glasgow, Maintenance, News, Property Factors, Services
PRESS RELEASE
PRESS RELEASE FACTORS Direct, the property factoring company launched earlier this year by Glasgow-headquartered Cairn Group, has acquired Clyde PM, the factoring arm of estate agent Clyde Property, and the Scottish arm of Glasgow-based Nationspaces Developments which operates across all aspects of property management. The latest acquisitions follow Cairn Group’s purchase last month of Rannoch […]
News, Property Management
*PRESS RELEASE*
David Rowand Press release – Cairn acquire Rannoch Property Cairn Group, headquartered in Glasgow, has acquired Rannoch Property estate agency in the city. The purchase marks the latest stage of Cairn’s expansion strategy which aims to double its turnover and property portfolio within five years. In recent years Cairn has bought JJM Properties in Glasgow, […]
Buy To Let, Edinburgh, HMO licensing, Landlords, Letting, Portobello
8 Steps to becoming a landlord in Edinburgh
8 Steps to becoming a landlord in Edinburgh Ah, Edinburgh! The city of enchanting castles, winding cobbled streets, and the world-renowned Edinburgh Festival Fringe. Beyond its historical charm and vibrant arts scene, the Scottish capital is also a hotspot for property investments. Fancy joining the community of landlords in this mesmerising city? You’re in for an adventure! Here’s your guide to becoming a landlord in Edinburgh, with Cairn leading the way. (1) Celebrate Edinburgh’s Diversity Before diving deep into landlord responsibilities, let’s take a moment to appreciate Edinburgh’s diversity. From the medieval marvels of the Old Town to the elegant Georgian terraces of New Town, and the bustling student hubs around the University of Edinburgh, each terrain offers unique letting opportunities. (2) Understand Your Responsibilities First things first: being a landlord isn’t just about collecting rent. There are legal responsibilities, from ensuring your property is safe for tenants to protecting their deposits. Cairn is here to ensure you’re not just compliant but confident in your role. (3) Getting Your Property ‘Tenant Ready’ Give your property a critical once-over. Consider small renovations or even just a fresh coat of paint. Remember, a property in top shape attracts reliable tenants and better rental income. (4) Navigate the Maze of Licensing and Regulations Edinburgh has specific licensing requirements, especially if you’re considering becoming an HMO (House in Multiple Occupation) landlord. But don’t get bogged down in the bureaucracy – let Cairn guide you through the complexities. (5) Set the Right Rent Research is crucial. Too high and you may struggle to find tenants; too low and you might not cover your costs. Cairn’s experts, with their finger on the pulse of Edinburgh’s property market, can help you set an appropriate, competitive rate. (6) Choose Your Tenants Wisely Selecting the right tenant can make or break your experience as a landlord. Comprehensive background checks and interviews will ensure you find trustworthy and reliable tenants. (7) Dive into Edinburgh’s Vibrant Communities Engage with local communities. Perhaps you own a flat in Leith, famous for its ports and cultural diversity, or a family home near the verdant meadows of Bruntsfield. Understand the unique pull of each area to market your property effectively. (8) Continuous Learning with Cairn Stay updated with property regulations, market trends, and community insights. Cairn offers continuous support and education to ensure you remain a top-notch landlord in Edinburgh. In conclusion, becoming a landlord in Edinburgh is not just about owning a piece of this historic city but being a part of its ever-evolving story. With Cairn by your side, this journey promises to be as exciting as a stroll down the Royal Mile during the Fringe! Get in touch with our Edinburgh Office.
Edinburgh, Glasgow, HMO licensing, HMO Properties, Landlords, Letting, Student Accommodation, West End
HMO licensing, Cairn, your trusted partner
HMO Licensing: Cairn, Your Trusted Partner The housing market in Scotland is diverse, comprising a vast array of property types, ownership arrangements, and regulatory guidelines. Among these, the realm of House in Multiple Occupation (HMO) stands out due to its unique licensing intricacies. For anyone embarking on the HMO journey, whether as a new landlord or an experienced one looking to expand, the complexities of HMO licensing can be daunting. Enter Cairn – your trusted partner in navigating these waters. The Significance of HMO Licensing In Scotland, if you plan to rent out a property to three or more unrelated tenants, it falls under the HMO category, and specific licensing regulations apply. The essence of HMO licensing is to ensure that properties rented to multiple occupants meet a higher standard of safety and well-being. According to data from the Scottish Government, there are thousands of licensed HMO properties across the nation. This significant number reflects the growing trend of shared living, especially among students and young professionals. It underscores the importance of ensuring that these properties meet the necessary standards, both for the safety of the occupants and the peace of mind for landlords. Cairn: Leading the Way in HMO Expertise Navigating the HMO licensing process can be a maze of checks, balances, and regulations. From ensuring the property adheres to fire safety standards, regular inspections, to equipping it with the right safety equipment – there’s a lot to cover. Cairn’s expertise in the field ensures that every box is ticked and every regulation met. But Cairn’s role isn’t just about compliance. It’s about partnership. They work closely with landlords, providing expert guidance every step of the way, ensuring properties not only meet but exceed standards. It’s no surprise that Cairn has positioned itself as a leading authority in the HMO property space. The Risks of Non-Compliance The consequences of not complying with HMO licensing can be severe. Landlords can face hefty fines or even imprisonment for not adhering to the regulations. In recent years, there have been instances where landlords faced legal actions and penalties for overlooking these rules. This further underscores the importance of having a trusted partner like Cairn, which ensures that you remain on the right side of the law. In Conclusion The world of HMO properties offers opportunities for landlords to tap into a growing market. However, the intricacies of HMO licensing require careful navigation. With Cairn as your trusted partner, you’re not just ensuring compliance; you’re promising a safer, better living space for tenants and a stress-free experience for yourself. For those in the HMO space or considering entering it, the message is clear – partner with the best. Partner with Cairn.
Buy To Let, Edinburgh, Glasgow, Investment, Landlords, Properties For Sale, Property Investment
Off-Market Property Opportunities – Scotland
Off-Market Property Opportunities – Scotland Scotland’s property market has always been dynamic, attracting investors with its rich history, diverse property types, and strong potential for capital growth. But beyond the traditional real estate listings and public auctions, lies a niche yet fruitful avenue for investors: off-market property opportunities. Why Consider Off-Market Property Opportunities? Exclusivity: Off-market deals offer a distinct advantage in terms of exclusivity. You’re getting access to properties that aren’t advertised publicly, giving you a competitive edge in a market as vibrant as Scotland’s. Flexibility in Negotiation: Without the pressures of public listing deadlines and open viewings, both buyers and sellers in the off-market realm can enjoy more relaxed timelines and potentially more favourable terms. Discreet Transactions: Some sellers prefer off-market sales for the sake of privacy, ensuring that the sale doesn’t attract undue attention. Potential Value: Because off-market properties might not have been dressed up for sale, they might be priced more realistically. With the right investment in refurbishment and development, there’s potential for significant capital appreciation. Cairn: Leading the Way in Off-Market Opportunities For those considering venturing into Scotland’s off-market property sector, Cairn positions itself as a trusted partner with deep connections and experience. Their longstanding reputation and presence in the sector has led to direct approaches from sellers, which means they’re often privy to some of the most attractive & appealing off-market deals available. Furthermore, Cairn’s well-established relationships with property professionals can provide access to off-market opportunities that might not be available through other channels. Stats and Insights on Scottish Property Market: According to the Scottish Government’s Quarterly Housing Market Review (source: Scottish Government, 2022), there has been a noticeable increase in the demand for residential properties, which has inadvertently pushed some sellers and investors to look at alternative methods of transaction, such as off-market sales. This trend not only highlights the dynamic nature of Scotland’s property market but also underlines the benefits of off-market opportunities, where exclusivity and discretion can lead to a better arrangement for both buyer & seller. Conclusion: As Scotland’s property market continues to evolve, off-market opportunities present a unique proposition for investors seeking exclusivity, value, and flexibility. And with Cairn at your side, you’re not only getting access to these opportunities but also the assurance of working with a partner who knows the ins and outs of this distinct segment of the market. Whether you’re an experienced investor or just starting out, diving into the world of off-market properties in Scotland with Cairn’s guidance could be your next strategic move. Explore our Investment Services Page.
