LandlordZONE

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Mar, 2015

Tuesday

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  1. Replies
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    andybenw, I'm very interested by your post....

    andybenw,

    I'm very interested by your post. Some time ago I was agonising over whether I needed a formal fire risk assessment done for my two shared maisonettes (a three-bed and four-bed...
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    It will be an HMO although if in an area without...

    It will be an HMO although if in an area without additional licensing the practical effect will be limited. It should probably have internal fire doors and a hard-wired smoke alarm system, amongst...
  3. Although I was too young to be very interested in...

    Although I was too young to be very interested in property prices at the time, I am led to believe that people were saying that exact same thing about London property in the late 1980s. Then in the...
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    The Green Party's policy rests on the perfectly...

    The Green Party's policy rests on the perfectly arguable point that landlords are investors, not businesspeople, so just as you wouldn't be allowed to tax deduct the interest if you borrowed money to...
  5. Private Eye "Scene and Heard" at the Landlord and Letting Show

    From the latest Private Eye. It's vaguely amusing -- I thought LLZ posters might be interested:

    806
  6. Agreed with this. Re the process, I suspect...

    Agreed with this.

    Re the process, I suspect that the current T signing a new AST along with his girlfriend would constitute implied surrender of the existing AST he has -- but others will be able...
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    Some of them might be live-in landlords...

    Some of them might be live-in landlords advertising for lodgers. Others might be letting by the room, which makes it very difficult to let other than with bills included.
  8. Why don't you just ask her how she intends to...

    Why don't you just ask her how she intends to fund her costs of living given that her regular monthly income is so low?

    If she has a convincing explanation (the obvious explanation would be that...
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    A hotel room investment has every characteristic...

    A hotel room investment has every characteristic which you DON'T want from a property investment: no leverage available, no real secondary market, no alternative uses for the property, lots of people...
  10. otretv, and others: I find that student...

    otretv, and others:

    I find that student tenants often tend to reflect the quality of the accommodation which is provided. If the house is shabby, they'll be complete slobs and make it even...
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    I've just watched it on iPlayer (it's London...

    I've just watched it on iPlayer (it's London region by the way).

    It showed one landlady who was evicting her tenants as they'd been erratic paying their rent right from the start. She admitted she...
  12. An architect or interior designer won't...

    An architect or interior designer won't necessarily offer a project management service. In fact I'd find it hard to imagine most architects and interior designers doing the nitty gritty of project...
  13. You've hit the nail on the head. That's the big...

    You've hit the nail on the head. That's the big "if".

    I will be employing a letting agent to project manage major works on one of my properties this summer due to the fact that it's 120 miles from...
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    Standing orders do actually leave my bank account...

    Standing orders do actually leave my bank account at weekends (and, I think but am not sure, show up in the recipient's account too) but the transaction is dated on my bank statements as the...
  15. And to think that half of my tenants would call...

    And to think that half of my tenants would call me out to change a lightbulb....

    To be honest this sounds dreadful but I don't have anything to add to the advice given above.
  16. philc27, Do you think you're ever likely to...

    philc27,

    Do you think you're ever likely to have two of the rooms vacant for an extended period of time? If not, I'd stop worrying about it if I were you.
  17. How "with it" is your landlord in terms of...

    How "with it" is your landlord in terms of knowing about letting property?

    The reason why I ask is because some landlords are ignorant of the concept of statutory periodic tenancies (or "rolling...
  18. Replies
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    I am not aware of any official procedure for this...

    I am not aware of any official procedure for this -- I'd just tell them when completion takes place and give them their new landlord's details.
  19. Three tenants is still potentially HMO. I think...

    Three tenants is still potentially HMO. I think you mean if the no of occupants slips to two.

    Answer -- theoretically yes, I think, but if the other two rooms are only temporarily empty and are...
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    claire x, In what sense do you "smell a rat"?...

    claire x,

    In what sense do you "smell a rat"? On the bank accounts point, I'd suspect that it's just different departments of your employer not talking to each other, or an overzealous...
  21. If he (like most people) gets paid at the end of...

    If he (like most people) gets paid at the end of the month, why don't you get him to give you an interim payment on 21st January which takes them up to 1 February, and then make the 1st of the month...
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    Thanks for the reply. I think that taking that...

    Thanks for the reply. I think that taking that approach would be much easier than deducting multiple amortisation sums for each mortgage every year.
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    Yes, I have been dutifully amortising some...

    Yes, I have been dutifully amortising some initial mortgage costs over a notional 10 year term, knowing full well all along that I intended to remortgage after the 2-year fix. This'll presumably mean...
  24. Thanks both. I'll treat these as revenue. ...

    Thanks both. I'll treat these as revenue.



    An interesting thought, but it seems that there is sufficient logic to the idea of treating them as revenue for it to be a tenable decision. My...
  25. Bear in mind that if you have more than two...

    Bear in mind that if you have more than two lodgers your house will become an HMO. You are lucky in that I don't think that Cambridge City Council has implemented either an Article 4 direction or any...
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