Anyone leased a property to a council under a five-year lease?

Anyone leased a property to a council under a five-year lease?

0:01 AM, 25th July 2023, About A year ago 14

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Hello, has anyone leased a property to a council under a five-year lease and had any problems getting it back? Is it considered a business tenancy and therefore it’s advisable to opt out of the 1954 Landlord and Tenant Act?

I am also not concerned about a mortgage and lenders not approving anything other than an AST. So please no comments on these areas.

I can imagine the sort of people the council may house in properties.

Thanks,

Stuart


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Frederick Welsh

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6:46 AM, 12th August 2023, About A year ago

Yes Nick I did get the property back,but would not do it again, I have now re-let to a private tenant who I have vetted, after 12 months no problems rent always paid on time and most importent the place is being looked after.

Jules Azeez

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7:58 AM, 12th August 2023, About A year ago

Reply to the comment left by Nick Van Hoogstraten at 11/08/2023 - 22:13
I have appointment on 15/08. Can update you after

Nick Van Hoogstraten

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10:25 AM, 3rd March 2024, About 9 months ago

Reply to the comment left by Jules Azeez at 12/08/2023 - 07:58
Hi Jules, please can you let me know how your interview went? Many thanks. Stuart

GlanACC

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9:56 AM, 4th March 2024, About 9 months ago

I have been looking at some of these ads on Facebook for long term leases (not that I am interested in doing it). On checking the accounts on compamies house (its free to do) the company has assets of less than £20K and less than £10K in the bank. Would you trust a company with that kind of balance sheet. Investor beware !

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