Suitcase

Thanks for the quick response.. 

I'm not sure of the answer to this. If a tenant signs a 12 month tenancy agreement and decides to leave without agreement  before the tenancy is up. Is the tenant then responsible for the remaining rent and community charge?  

Sound advice.. it's not an ideal situation and not one I would have chosen but I'll just have to see what transpires.. regarding the deposit I'll have to sort that out.. It's with the tenants deposit scheme so I need to look in to that. 

Thanks for showing an interest...

.

Hi all, my tenants are splitting up after Xmas. The current lease is in the ladies name and she is moving out.  The  guy wants to carry on renting the property..When they moved in in August 2021 I fixed the rent for three years and this is in the lease..Can I just swap the names round on the lease or will I have to start again with a new lease?  Thanks in advance.. 

Ok thanks...I'll just submit my return without a spreadsheet and if they ask I'll worry about it then..

regards

Thanks for the comprehensive reply.  One more question"...........is there a excel spreadsheet for landlords expenses that I could use..I'm not sure if HMRC require one or not..

thanks in advance  

Ok thanks for the info.. yes the leaky boiler had a gas safety certificate.. I had it done when I purchased the property..I replaced it before the full time tenants moved in..  

regarding the garage......when I bought the property, the wooden fascia on both ends of the garage were rotten and the next door neighbours complained it looked unsightly..so I replaced the wooden facia with upvc to make it look better..
 

thanks for the reply

Thanks for replying..I bought in December 2020..I let the people I bought it from stay there for a nominal rent until their new house was ready.. They left in May 2021.. I then carried out repairs including decorating, new carpets, replaced the old leaking boiler and repaired the structure of the twin garage..once the house was ready I let it to permanent tenants in August 2021..

thanks in advance

Thanks.   If I claim the £1000 allowance can I still claim for the repairs, decorating and replacement boiler?  

Hi everybody, I bought a property to rent out and now I’m doing my self assessment tax return.  Can I claim tax relief on the solicitors conveyances fees?  
 

thanks in advance

I’ve done as you suggested and the tenant seems happy enough.. the locksmith will fit a new locking mechanism when he gets the correct one.  
 

thanks much appreciated  

It would have been helpful if they had mentioned it as they only live two doors down and I see them everyday. To make matters worse no one can get me a new gearbox for the door so I’m going to have to get the whole mechanism changed.  

They did say it had been getting harder to lock recently…however it’s the gearbox that operates the door locks that has gone..I’ll go and see if I can get a new one and fit it myself   What could possibly go wrong !

The reason I was enquiring is because the patio door lock snapped on Friday night and I’ve had to fit some sash jams to make the property secure..I’m going to attempt to fit a new lock on Monday and if that fails I’ll have to get someone round to sort it out.

I’d be happier if I had insurance.. 

thanks for the replies     

My landlord house insurance is due soon and I was thinking I might include door lock replacement etc.  Can anyone recommend a suitable insurance policy.  
 

Thanks in advance.  

Thanks for the reply…..ATB  

Thanks for the reply. I have a further question.....we only started renting the property out in December.. The total rent received up to 6th April is £1600..

As I understand it, we both get a £1000 property allowance..So for tax year 20/21 do we have  to declare anything?  
 

thanks in advance      

Hi guys, me and my wife are tenants in common of a rental property we own. My wife pays higher rate tax than me, so my question is......Do we declare the rent split 50/50 on our self assessment returns or can I declare all the rental in my name?  
 

thanks in advance.....

https://www.lancashiretelegraph.co.uk/news/19097879.watch-warning-video-landlords-criminals-growing-cannabis-rented-properties/
 

I’m going to get smart meters fitted to my rental property when the current tenants leave in April.  Hopefully the utilities company will notice if the electric consumption goes to zero.  I can only imagine the grief it would cause if you discovered this activity going on.

My smoke alarms were fitted by a very tall fireman and now i cant easily reach them. so i have sympathy with the sweeping brush lady.  

I'd better fit a couple just to be safe.. i'll include them in the inventory too..Thanks very much for your replies.

Hi there, i rent out a terraced cottage with mains powered smoke alarms on each floor..My friend lets out an apartment in another town and his Letting agent had written to him informing him that a carbon monoxide detector has to be fitted to the apartment. My terraced cottage has no open fires or log burners and doesnt require a Carbon monoxide detector..I wonder why his apartment needs one. 

2 hours ago, Melboy said:

I never provide washing machines. Too many bad experiences with tenants abusing them. Never had a problem with letting my properties out with that exclusion. Cooker & fridge freezer I normally provide. Some tenants already have their own fridge freezer which helps me out sometimes. My tenant turn over is very minimal, most stay for years.

Lawn mower .......Yes.  I am pretty relaxed about what I provide and will supply any reasonable request like gardening tools etc. I have a large inventory built up over the 30 odd years and the space to keep them. I am sad to report I have no less then 6 lawn mowers available.  😀 I am very fussy about my tenants keeping the gardens neat and tidy and will take them to task if they don't but to be fair I have never had a problem.

I am just about to take a property back after 6 years of occupation and it will be redecorated and upgraded in about a 4 week time cycle. Something that has to be done if you want to secure the best tenants.

I'm learning all the time on here. You've all been a great help.   What i learn on here will hopefully make me a better landlord.  

2 hours ago, Richlist said:

Ok, so the property is already let, you are receiving rent.

* You can therefore offset the cost of a new boiler/ repairs/ EPC etc against income tax.

* You can also offset the cost of replacement items such as cooker, fridge etc ......but only replacements, not the initial cost of a new item supplied for the first time.  So, for example, if you already supply a vacuum cleaner and replace it for the new tenants you can claim the cost of the new item. If you don't already supply a vacuum cleaner and decide to provide one for the first tjme for the new tenants you cannot claim the initial cost of the item.

Thanks very much for the explanation.. i previously watched a HMRC webinar and came away with the impression that boilers were not included in tax relief. In fairness most of the people who watched the webinar,put boliers down as tax deductable..Your explanation sounds more reasonable.. I clearly have a lot to learn..

Many thanks again