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Carryon Regardless

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Everything posted by Carryon Regardless

  1. I stopped taking deposits a while ago, for a few reasons. I'm no familiar with the DPS procedures, and in truth I was resentful at having to be at any time. It does strike me that you have been a bit knee jerk though, more often not the best way. If dates allow I will often consider pros and cons before acting.
  2. I wouldn't return the deposit, if as you inspect you find issues that might cause you to claim from the deposit you might prefer to negotiate an easier surrender using the deposit return as a bargaining advantage. As I understand, and I'm happy to be corrected, you can't remedy the fault of being late to register a deposit. The potential for the 3x claim (plus return of deposit anyway) will stand if returned or not. At their departure from your property unpaid rents and the cost of repossession proceedings are the easiest to demonstrate as losses for a claim against the deposit. Come
  3. Serve notice as soon as. Communicate openly with the Environmental Officer, offer to attend the visit. The truth will out.
  4. When I raise the rents, which will be from February, I invite T's to demonstrate be comparison if they believe I am over charging. None ever have as if they do the research I do they will see I am a little below the competition.
  5. I thought we were down to using 1 S21 these days, Aren't the previous 2 now redundant in favour of a S21 that is 2 months from any date served, as apposed to the previous being required to end at the end of a rent period?
  6. Well considered Grampa, that could well reduce the cost of any back hander.
  7. So not as simple as him wishing to be evicted so he can get housing from the council then. Even then any offer by the council would likely be a hostel type set up and not as appealing as his own pad (yours). He isn't just abusive he has some knowledge of his rights, ether from tinternet, guy down at the pub, or wherever and that can be dangerous. Often wrong but he has nowt to lose, all cost and effort is now down to you. Recovery of expenses and lost rents will be written off. A back hander of a few hundred quids is by far the cheaper and swiftest option, following his departure and
  8. In this case would the police suggest the daughter start repossession proceedings?
  9. I considered the squatting angle Grampa, but 2 thoughts crossed my mind. This man has been granted access by the daughter, there is no unlawful entry. It's reasonable to assume he will have keys also. The police, generally, consider these issues to be the owners problem. I would be interested to 'learn' if the police have been pro active in real squatter situations. I go along with S21 / 8 on the daughter only, after all as a fall back it can end up in the bin when it suits. It / they will need to be served at the property so 'he' will see it, even if not addressed to hi
  10. The council won't ask you of the situation, they will ask the T but that's no concern of yours. If your daughter presents you with the deed of surrender that closes the tenancy, as Grampa says if HE is paying rent he might claim to be in a tenancy with you. My view here is that at present a tenancy exists between you and your daughter and this man. Either tenant can surrender a tenancy. The date of the deed would show that he hasn't entered into a new tenancy after your daughter quit, so she is quiting the joint tenancy, From then he has no legal right to occupy, but the repossession coul
  11. As I see it these are totally independent issues. If the rental in Spain is a tax allowable expense, and I wouldn't like to say how, then it is claimed as such against the Spanish business profits. If your rental business in the UK makes a profit then tax becomes payable. If overall you make a loss in Spain again I wouldn't like to say if that can be used as an offset for your UK liabilities, but we are in the EU, still. In theory though wherever you live will have an expense, how much of an expense is your choice.
  12. Your LA is silly, the ex T has no claim so you getting on with your business is no concern of hers. I would advertise and have the next T lined up, with more time to choose you have more chance of getting better.
  13. It's a bluff, No one in their right mind would 'pay' for legal advice that she says she has had. Any deposit won't be in your hands, unless you opted for the insurance option. True you can't take 2 rents for the same period. I am assuming you are repossessing due to losses, that being the case keep any monies you have and offset them against those losses. The ball is then in the abusers court to take action for recovery, of course you can defend the action. Additional costs for County Court would only be in the couple of hundreds anyway so even if you did lose it may be worth ch
  14. 1st the T's need to report the event and raise a crime number. Your insurance covers damage to your property, T's belongings are their problem, should be insured. It's a useful clause in the AST to stipulate that T's insure their belongings.
  15. Actually RL I was basing my doubts of the available FTB's on the continual cry from MP's and the media for more affordable housing, a very ambiguous term I admit.
  16. I haven't been following the market closely for a while but my feeling is that the north is going to see a catch up mini boom. I've been reading of the price rises down south for more than a couple of years, in selective areas I would imagine. The migration effect can take a while but does cause the outer regions to follow eventually. More important in the analysis of "is it a good time to buy" is to work out where the money to buy, for an increasing number of buyers, to stimulate property inflation, is going to come from. The last boom was due to the over easy supply of credit, is c
  17. Maybe a heads up on something that caught me out recently, not serious but a £60+ better in my pocket. Our local council still gives a 3 month 100% discount on an MT and unfurnished property. My AST states all council charges etc to be the responsibility of the T for the full period of responsibility agreed within the AST. Early in the year I held T's to the full period of notice, so they held the keys till that day although they had vacated the property a couple of weeks earlier. As it turned out I re let the property near on 3 months later but as the previous T's had clai
  18. Well RL there is another view. In the past when someone has complained of how much income tax they pay I have responded with "aren't you lucky." It's only those that earn enough will pay a lot of tax. Those below the tax thresh hold and those earning so little they pay little tax are clearly not finding the cost of life easy.
  19. http://www.thisismoney.co.uk/money/buytolet/article-3153541/Profits-slashed-wealthy-buy-let-landlords-Budget-crackdown-mortgage-tax-relief.html I had a conversation regarding this last week with an accountant. My statement that LL's were going to be taxed on revenue rather than profit was met with "for most nothing will change". We, in a few years, will no longer be able to offset the mortgage cost against the higher rate tax paid but still able to offset against the lower band. As I don't pay the higher tax, as I don't clear enough, for me no change. Of course we do lose the 10
  20. 'If' we down'ere increase rents by say 10% over what we might have to compensate us for higher A's charges the T's are definitely the losers. Any long term rent increase of significance to compensate for a short term (one off per rental cost) must bring in higher returns for the LL. In my case where I don't employ the services of A's these days, not saying I won't as there might be future value, I gain even more. I base my rents on the market comparisons, and then knock a bit off to be more comparative. 'If' market rents are going to rise for what ever reason/s I enjoy highre income
  21. The Govt have got to mess with this industry they can't stop them selves. If the A can't charge the T the fees they either charge the LL or don't give the service. I would imagine the A will offer services in a tiered fashion, as many do already, Bronze, Silver Gold sort of thing. Higher admin fees will cause some LL to go DIY. Increased credit check fees will see an increase in higher risk T's, and the knock on of that we see here often. These days I'm essentially DIY anyway, since my find only A couldn't find T's that didn't want to pay a deposit, "they don't under
  22. I guess you both had a light sprinkling of luck over the DPS debacle a couple years back when no one knew if they should retake deposits, reserve prescribed info, or in fact do nowt regarding new tenancies, existing tenancies and very old existing tenancies. At least some effort has been applied to rationalise the 21a and 21b removing some potential for confusion. As for reading the rules to be aware, if they weren't amended so often there would be more chance of the more average LL doing this. Even the judges in the CC seem to need reminding of the legislation now and again.
  23. and good luck to yer, I was how ever referring to the ever increasing legislative hoops we need to jump through. The number of them and their complexity by design must cause us to fail in one way or another.
  24. Something like learning from our mistakes eh Grampa, except most of the time it wasn't a mistake until some wannabe shows us how they can abuse us. I'm not sure it's possible to foresee where this industry will be next year so we can plan in advance, that's the lesson I take from its history anyway.
  25. I can see that argument. In my case the AST will not get my signature until formalities are complete. That is, my AST signature is the last action before presenting keys. W/o my signature the AST hasn't been agreed so not yet started. In the old days of serving the S21 at tenancy start I viewed that giving keys, shaking hands and welcoming them to the tenancy was the seal of agreement i.e. start of tenancy. All can be argued in court of course, and we know where sympathy generally lies. The problem here is that to have the deed completed (dated) before the AST is far from accept
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