LandlordZONE

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Apr, 2015

Saturday

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  1. Agreed, and I nearly made the same point. It...

    Agreed, and I nearly made the same point. It could perhaps be said that inflation is the enemy of capital growth, not the cause of it.
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    Another option you have got to apply pressure to...

    Another option you have got to apply pressure to the agent is the appropriate redress scheme. All letting/managing agents are required to belong to one of the three approved ones. You can find out...
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    Indeed. As per post #4.

    Indeed. As per post #4.
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    The word I would use here, if they stated in so...

    The word I would use here, if they stated in so many words that they would protect the deposit, is 'negligent'. However, it does of course depend exactly what they said they would do, and how that...
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    I didn't receive the deposit. Agent received...

    I didn't receive the deposit. Agent received deposit and stated that they would protect it in a government-approved scheme. It was their responsibility (to me, their client) to do so.
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    I have answered a very similar question before. ...

    I have answered a very similar question before. On that occasion I said:

    "Most of my points would be things that they probably ought to do anyway.

    1. Have one person (maybe two, max) that deal...
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    Sorry to hear of your predicament. I have also...

    Sorry to hear of your predicament.

    I have also had an agent (now fired) who didn't protect deposits. Fortunately for me, I haven't been taken to court for it. If I was, I would pay penalty to...
  8. Agreed, in absolute terms and in the...

    Agreed, in absolute terms and in the medium-to-long term.

    In real terms (adjusted for inflation), I don't think prices will necessarily continue to increase. They may do, but I for one wouldn't...
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    Did OP indicate that the property is leasehold? ...

    Did OP indicate that the property is leasehold? I have re-read post #1 three times without finding anything to suggest that it is.
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    Prayers are obsequious pretty much by definition.

    Prayers are obsequious pretty much by definition.
  11. How about the address? My understanding is that...

    How about the address? My understanding is that following Beitov Properties Limited v Elliston Bentley Martin [2012] it may be considered prudent for the landlord to quote their own address on...
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    I tend not to, for pretty much the reasons...

    I tend not to, for pretty much the reasons mentioned in post #11. I am happy to let the rent drop a bit below market if it increases the probability of a long tenancy.
  13. Fair enough. My view, though, is that indefinite...

    Fair enough. My view, though, is that indefinite growth in real terms is not sustainable.
  14. I always struggle to understand the concept that...

    I always struggle to understand the concept that when prices have risen, the asset becomes more attractive - which is what you seem to be suggesting here. If the asset is more expensive than it was,...
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    From previous discussions on this forum on the...

    From previous discussions on this forum on the subject of rent guarantee insurance, the consensus seems to be that it is not a good/worthwhile solution.
  16. Thread: Parking

    by doobrey
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    That could certainly work. I think the trick is...

    That could certainly work. I think the trick is to choose your ballads carefully. Might I suggest Phil Collins... or maybe Westlife? These should repel unwanted visitors from the vicinity pretty...
  17. And there was me thinking we were talking about...

    And there was me thinking we were talking about BA1449 (Edinburgh to Heathrow T5, 14:10-15:35 daily).
  18. WTF is hyssop?

    WTF is hyssop?
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    Your view of what being a landlord is all about...

    Your view of what being a landlord is all about differs substantially from mine.

    1. Landlords are not necessarily out to make a capital gain.
    2. Landlords do not necessarily have mortgages.
    3....
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    OK, but I think property inevitably requires a...

    OK, but I think property inevitably requires a whole lot more work than stock market investments. It is difficult to own rental property without getting involved in the management to some degree. ...
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    It feels like a business to me. Time and again...

    It feels like a business to me.

    Time and again contributors to this site make the same basic point to accidental-landlord types, along the lines of "don't be sentimental about the property, don't...
  22. 1. Providers of buildings insurance require the...

    1. Providers of buildings insurance require the landlord to specify whether the tenant is working/student/HB. If tenant is on housing benefit this increases the premium and as such I am required to...
  23. 1. Leviticus 14:49 "To purify the house he is to...

    1. Leviticus 14:49
    "To purify the house he is to take two birds and some cedar wood, scarlet yarn and hyssop."

    2. Mark 14:49
    "Every day I was with you, teaching in the temple courts, and you did...
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    I also disagree, as I think would the majority...

    I also disagree, as I think would the majority here.

    Although their perspective is of course one of many, HMRC have this to say:

    "A person who owns an interest in land and who exploits that...
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    10/03/15::

    10/03/15::
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