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Proposed Fair Rents (Scotland) Bill

20 November 2019

The final proposal for the Proposed Fair Rents (Scotland) Bill was lodged on the 14 November 2019. By introducing measures to limit rent increases and to improve the availability of information about rent levels, the proposed bill is intended to protect tenants in the private rented sector. Read More...

When should a Notice to Leave be served?

20 November 2019

A recent decision in the case of Majid v Gaffney and Britton the Upper Tribunal for Scotland decided any eviction ground, including those for rent arrears must exist at the time the Notice to Leave is served. Read More...

The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019

18 November 2019

The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019 have been laid in the National Assembly for Wales and if not annulled, could come into force in 19 days’ time. Read More...

One way to beat the industry blues

Thursday 27 June 2019

Non-stop regulatory changes in the industry are eating away at landlord and agency profitability. But while we can expect some industry fall-out, smart agencies are beating the headwinds and even growing with a killer technology strategy.

Hull-based Lime Property has revealed the secrets of its recent successes at The ESTAS 2019. In its first year of entering, the company won Gold for best Yorkshire letting agency (as voted by landlords) and Silver for best letting agency (as voted by tenants).

Interestingly, it attributed much of its success to a PropTech strategy of automating its payments with PayProp.

Loved by landlords

“When all is said and done, landlords trust letting agents with thousands of pounds in rent and long-term property investments,” says Managing Director Sam Humphreys. “To give our clients the necessary trust and assurance, we use PayProp to automate our rental payments, which has helped us win over landlords and tenants and a lot of votes at the ESTAS.”

Being with PayProp gives landlords the confidence that their money is where the agency says it is, says Humphreys. “PayProp is totally transparent, so landlords can see when the rent comes in, the commission we take and the amount they receive. It also allows us to send through professional statements and alerts when the rent has been paid. We get lots of compliments about the system, and it’s helped us attract new landlords through word of mouth.”

Trusted by tenants

“For our tenants it’s about making the moving process as easy and stress-free as possible,” he continues. “When they’re settled, PayProp helps us keep our tenants informed with rental invoices and payment notifications. We’ve actually had tenants come to us to rent a property because they’ve heard about the high level of service we offer!”

Want to know more about beating the competition with time-saving, growth-enabling payment automation through PayProp? Download this free case study outlining how choosing PayProp has led to Lime Property winning top honours at the 2019 ESTAS.

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