We present new photometric observations of H1413+117 acquired during seasons between 2001 and 2008 in order to estimate the time delays between the lensed quasar images and to characterize at best the on-going micro-lensing events. We propose a highly performing photometric method called the adaptive point spread function fitting and have successfully tested this method on a large number of simulated frames. This has enabled us to estimate the photometric error bars affecting our observational results. We analysed the V-and R-band light curves and V-R colour variations of the A-D components which show short-and long-term brightness variations correlated with colour variations. Using the χ 2 and dispersion methods, we estimated the time delays on the basis of the R-band light curves over the seasons between 2003 and 2006. We have derived the new values: t AB = −17.4 ± 2.1, t AC = −18.9 ± 2.8 and t AD = 28.8 ± 0.7 d using the χ 2 method (B and C are leading, D is trailing) with 1σ confidence intervals. We also used available observational constraints (resp. the lensed image positions, the flux ratios in mid-IR and two sets of time delays derived in the present work) to update the lens redshift estimation. We obtained z l = 1.95 +0.06 −0.10 which is in good agreement with previous estimations. We propose to characterize two kinds of micro-lensing events: micro-lensing for the A,