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New landlord regulations

Last week, the Committee of Advertising Practice (CAP) sent out letters to all relevant trade bodies regarding new landlord regulations, with guidance on how to ensure lettings ads refrain from displaying misleading prices.  To prevent tenants from being landed with unexpected non-refundable fees and charges, which they may not be able to afford, CAP has informed all letting agents and private landlords that all costs must be included in the “asking rent” for the property and displayed prominently on all advertising material.

The regulations come after several landlords have been caught charging one price to draw in potential tenants, before piling on the costs of admin fees and inventory charges at a later date.  As the Chief Executive for the Advertising Standards Authority, Guy Parker, has noted, renting is a “big financial commitment” and becoming more and more common in the UK, as people are unable to afford the cost of buying.  To hide costs in the early stages, only for them to “hit tenants in the pocket at a time when they need every penny they’ve got” is simply not fair. 

From 1st November 2013, websites, property portals and other forms of media advertising will be monitored by the appropriate authorities and any listings which do not include all relevant pricing and fees will be subject to follow-up action.  At Mistoria, we are proud to say that with our costs, what you see is what you get.  Our fees per month or per week are exactly that, with no hidden charges or nasty surprises.  We agree with the ASA, that people should be aware of their monthly or weekly costs and should be able to plan their expenses.  Trust between tenants and landlords is essential and hopefully the new scheme will reduce the number of unreliable landlords ripping off unsuspecting tenants.

Whether you are a landlord and would like to know more about our property management services, or a tenant looking for a room or property to rent, feel free to contact us on 0800 500 3015 to find out more about what Mistoria Estate Agents have to offer.  Alternatively, you can contact us via our website.

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Freshers’ week tips

Freshers’ Week is fast approaching for our student tenants. It can be an equally exciting and nerve-wracking week – no one wants to start the year off on the wrong foot. So here are Mistoria’s top 6 Freshers’ Week tips…

1) Avoid Freshers’ Flu! A week of socialising with new people, taking buses everywhere and plenty of late nights can take its toll, and many students find that by the end of the week they feel awful. Which isn’t what you want for your first full week of lectures! We recommend stocking up on antibacterial gel and multi-vitamins. And maybe have at least one early night!

2) Stay safe. New and unfamiliar cities can be daunting at night, so it’s important to make sure you’re covered. Exchange numbers with your new flatmates before going out so you’re never left alone and Google local taxi companies – if the night’s a disaster, you can always go home!

3) Take advantage of the Freshers’ Fair. They aren’t just for societies – they’re also full of free stuff, discount cards, offers on food and drink, and flyers for all the social events you could ever want to attend that week – who wants to pay for entry? Stalls at Freshers’ Fairs have been known to give out everything from tins of baked beans to beach balls – some even have freshly baked pizza to sample! 

4) Budget. That student loan may look like a lot now, but it has to go a long way so try not to blow it all in one week. Try and stick to a budget, but allow yourself to splurge a little this week. If you want to save on food, suggest a group dinner once a week – this will not only give you more money to spend elsewhere but will bring the group closer together.

5) Start to think about next year. It seems a bit premature now, but a lot of students start hunting for next years accommodation around Christmas time. If you don’t get on with your flatmates, remember just because you’ve been put together with certain people this year, it doesn’t mean you’re stuck with them. Sign up for some societies and try and meet up with people from your course – they could be potential flatmates for the year ahead.

6) Download our free student guide! There’s plenty of tips for finding next years digs, check lists to help you move in and out, and some pointers to help you to keep your costs down throughout the year! 

To download our PDF click here, or to view our range of student properties, visit our website. Feel free to contact us with any queries on 0800 500 3015 or using our contact form.