Studio Flat for Sale, Brompton Park Crescent, Fulham, London SW6 1SP

Brompton Park Crescent Studio For Sale, Fulham, SW6

For Sale

A well presented south facing studio apartment (approx 31sqm) situated in a sought after residential development. Apartment comprises of bathroom, hallway, kitchen, studio living area and copious storage space. Recently installed kitchen and Candela lighting throughout the apartment. The development facilities include, private parking space, well maintained communal gardens, swimming pool, sauna and gym.

Call 07 727 818 969 for more information and to arrange a viewing.

http://tinyurl.com/2u5zgb3

'Best prospects' for future rentals lie in London property

'Best prospects' for future rentals lie in London property

Landlords campaign for greater eviction rights

Landlords campaign for greater eviction rights

While Other Sites Cave to Real Estate Agents Demands, LGR.net is Resigned to Continue Offering Free Listings

While Other Sites Cave to Real Estate Agents Demands, LGR.net is Resigned to Continue Offering Free Listings

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Gilli, Fulham-based Online Letting Agents, Chooses The DPS to Safeguard Tenants’ Deposits and Protect Landlords.

Gilli today announced that it has chosen The Deposit Protection Service (The DPS) to protect tenancy deposits.

“We believe that The DPS provides the best protection for both tenants and landlords with all deposit related funds being automatically ring-fenced,” said Vladimir Romaniv, Director at Gilli.

From 6 April 2007, all deposits (for rent up to £25,000 per annum) received by landlords and letting agents for Assured Shorthold Tenancies (‘AST) in England and Wales, must be protected by a tenancy deposit protection scheme. This means that if a landlord or an agent has not protected the tenant’s deposit within 14 days of receiving it, they can be ordered to repay three times the amount of the deposit to the tenant.

The DPS is the only Government-authorised custodial scheme. It works by holding a tenant’s deposit, free of charge, for the term of the tenancy agreement. At the end of the rental period, the deposit, and a portion of the interest it has accumulated, is paid back to whoever is entitled to it. The remaining interest is used to fund the service.

The remaining two schemes, Mydeposits and The Tenancy Deposit Scheme (TDS), are insurance-based schemes. “On most tenancy agreements estate agents put the clause that deposits are protected by one of the licensed schemes. This clause in a contract may create a false sense of security for landlords, particularly if the agency goes into liquidation,” said Mr Romaniv. The landlord remains ultimately responsible for tenant’s deposit and return of it at the end of the tenancy.

Since the credit crunch some estate and letting agents were adversely affected. Inzo, a well-known Fulham-based estate agency, went into liquidation in April 2009 leaving thousands owed to landlords and tenants, in unpaid deposits and rent. Inzo was registered with one of the insurance-based schemes and had deposits kept on its accounts. When the company ran out of cash it used clientss deposits as trading finance.

This issue of protecting a deposit will become even more important for landlords as from October, 1 2010. According to the current legislation associated with the Housing Act 1988, a property cannot be let on an AST if the annual aggregated rent exceeds £25,000. It has been proposed that the maximum rent threshold should be increased to £100,000 as from 1 October 2010. Not only will this change take immediate effect for new tenancies granted from 1 October, but the government also intends the threshold to apply to existing tenancies already granted. If a landlord fails to register the rent deposit for an AST, he risks being fined up to three times the value of the deposit and losing the right to seek possession of the property.

About Gilli:
Gilli® is a London online estate agent, dealing with both lettings and sales. Gilli is trading name of LGR.net Ltd. The company was founded in 1996 and from 1997 its specialised in Internet property marketing, covering primarily London areas.

Meeting with Greg Hands

Had very good meeting in Parliament today with Shadow Treasury Minister Greg Hands about Housing Act 2004 & tenancy deposit schemes.

Gilli performs better than the major estate agency in Fulham

Found the tenant after 3 days from receiving instructions from the landlord for the flat in Brompton Park Crescent. The tenant moved in yesterday.

Very pleased! Especially because the flat was marketed by KFH for about a month without any success.

Gilli Launches Online Estate Agents in Fulham

Gilli has announced opening of its online estate agency specialising in residential property sales and lettings in Fulham, Barons Courts, West Kensington, Chelsea and Hammersmith.

(Press Release) Gilli is adopting the business model that differs from the ones used by the traditional estate agents. ‘Without a burden of running High Street offices and a fleet of Minis we believe we are running a cost efficient model while offering similar to traditional estate agents benefits to our customers. Customers still like to discuss their property or their requirements face-to-face so we meet them at their convenience in their home, offices or local Starbucks at the time when it is convenient to them’, said Vladimir Romaniv, Director at Gilli. ‘In addition to this flexibility our model enables us to offer one of the most competitive fees in the market. We charge a flat 0.5% sales fee and 3% lettings fee. We believe this compares favourably with 2% and 10% respectively charged on average by traditional High Street estate agents’.

‘We want to put some healthy competitive pressure on traditional models which will lead to better value for buyers and sellers’ added Mr Romaniv. This resonates well with the recent findings by the Office of Fair Trading (OFT) study, that more innovation is needed in home buying and selling market. OFT believes that innovation in the sector, in particular through online services, could have a dramatic impact on the cost of buying and selling a home. ‘We also believe that the future for estate agents may not be on the High Street, it is just a matter of how fast the industry will accept this’ added Mr Romaniv.

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About Gilli:

Gilli® is a London online estate agent, dealing with both lettings and sales. Gilli is trading name of LGR.net Ltd. The company was founded in 1996 and from 1997 specialised in Internet property marketing covering primarily London areas.