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Does anyone else use licence agreements?

Does anyone else use licence agreements?

I have a number of properties which I let as Houses in Multiple Occupation (HMOs), and I used to offer residents a standard 6 month Assured Shorthold Tenancy of their room, but I found this etremely problematic...

7:16 AM, 24th December 2013, About 11 years ago |  28

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Croydon tenant in illegal property nightmare needs help!

Croydon tenant in illegal property nightmare needs help!

My name is Matthew and I a rented a property in Thornton Heath CR7. I am 3 months rent in arrears to make that clear. I have lived at the property since April 2012 paying rent on time every month until...

12:05 PM, 23rd December 2013, About 11 years ago |  10

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Renting out a garage – agreement template?

Renting out a garage – agreement template?

Dear Readers I have a 3 bedroom house that is let as a HMO. It has a detached garage which is not being used and I wish to rent out the garage separately. This is my only property with a garage and I’ve...

9:42 AM, 23rd December 2013, About 11 years ago |  4

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Mesne Profit – can it protect HMO landlords from a sneaky tenant trick?

Mesne Profit – can it protect HMO landlords from a sneaky...

Mesne Profit – Pronounced Meen Profit, what the heck does it mean? As a landlord with a small portfolio of 7 HMO’s and 10 single occupancies, I am always looking to systematise everything I...

11:17 AM, 21st December 2013, About 11 years ago |  13

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Former tenant – unsettled Utilities bill

Former tenant – unsettled Utilities bill...

I had a tenant leave me with little notice, even though the agreement between us clearly stated that either party had to notify the other in writing at least a full month before terminating the agreement.

9:31 AM, 20th December 2013, About 11 years ago |  17

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Future Interest Rate Rises

Future Interest Rate Rises...

We hear many commentators referencing “when” interest rates may rise. Just yesterday I heard late 2014 and previously first quarter 2015. Ben Bernanke has stated that US rates will stay low...

14:14 PM, 19th December 2013, About 11 years ago |  3

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Should I issue a new 6 month AST to an existing tenant?

Should I issue a new 6 month AST to an existing tenant?

I have one property that I am currently renting out which has been tenanted for the past year (with no late rent payments) to a husband and wife and their two young children. At the beginning of the tenancy...

10:55 AM, 19th December 2013, About 11 years ago |  4

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Case law on charging for rent arrears?

Case law on charging for rent arrears?

Over the last few years I have taken both tenants and their guarantors to court for both possession of my property and for outstanding rent arrears and additional charges. Over time my tenancy agreements...

17:26 PM, 18th December 2013, About 11 years ago |  7

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When a vendors contract ends can I buy direct?

When a vendors contract ends can I buy direct?

I viewed a property which was up for auction on the 28th of November and did not sell. It was then put onto the market in a ‘modern auction’ which ends in 3 days time. There appears to be little...

17:09 PM, 18th December 2013, About 11 years ago |  4

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Questions re buying property with other people

Questions re buying property with other people...

This is probably fairly simple but I cannot seem to get my head around it. My wife and I and my inlaws (mother and father) are going to buy a BTL property in the new year. I have 3 questions.

16:51 PM, 18th December 2013, About 11 years ago |  5

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Service Charge Increase Justified?

Service Charge Increase Justified?

Our management company has just increased the service charge for our flats by 23% starting January 2014 (excluding ground rent which is a separate charge.) Just 6 months ago, they sent us a bill of £2,000.00...

13:36 PM, 17th December 2013, About 11 years ago |  18

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Below Market Value Question

Below Market Value Question...

I know that due diligence is needed when buying Below Market Value “BMV” when the vendor is in financial difficulty. My understanding is that if the vendor is subsequently made bankrupt the...

8:42 AM, 17th December 2013, About 11 years ago |  5

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Can I claim tax relief on remortgage interest?

Can I claim tax relief on remortgage interest?

I’m looking for some clarity on taking equity out of a BTL Property, and whether the interest on the loans is tax deductible. If I have a property with little or no mortgage and I’m in the...

11:03 AM, 16th December 2013, About 11 years ago |  6

Latest ArticlesReaders QuestionsTax & AccountancyTax and Accountancy
Can I employ my wife to manage my properties?

Can I employ my wife to manage my properties?

I own 6 BTL’s, all mortgaged, acquired over 12 years. They are all in my sole name. I employ local letting agents on a let only basis, managing the tenants myself. I now struggle to manage them as...

9:32 AM, 13th December 2013, About 11 years ago |  34

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Transfer of equity on a Buy to Let – Advice Required

Transfer of equity on a Buy to Let – Advice Required...

My wife and myself jointly own a BTL which we let out. I am a higher rate tax payer but my wife is on the 20% rate. Ideally I would like to do a transfer of equity into her name to reduce our tax on rental...

10:08 AM, 12th December 2013, About 11 years ago |  14

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How can we convince landlords we would make good tenants?

How can we convince landlords we would make good tenants?

We are about to have our home repossessed and are looking to rent but obviously failing credit checks. The repossession is a result as arrears we obtained when my husband lost his job. He is now in employment...

16:19 PM, 9th December 2013, About 11 years ago |  19

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Robust BTL Strategy required for £1m investment in Scotland

Robust BTL Strategy required for £1m investment in Scotland...

Hello everyone. I hope this finds you all well in the run up to the festive period. My name is Andrew Hayworth. I’m new to the forum and wanted to introduce myself with a question for you all.

11:11 AM, 3rd December 2013, About 11 years ago |  33

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Freehold Managers Unreasonable Fees for Subletting Consent

Freehold Managers Unreasonable Fees for Subletting Consent...

Hello everyone, especially the legal people amongst you. I am in DESPERATE need of legal advice! I am sure this has been discussed in one form or another before but I would like to make it very personal...

10:09 AM, 2nd December 2013, About 11 years ago |  89

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First timer – buy cash or take buy to let mortgages?

First timer – buy cash or take buy to let mortgages?

I’m so glad I found this forum as I have been trying to decide for months what I should do – buy a property outright or take out a mortgage and buy to let …. I have a property I bought...

8:12 AM, 2nd December 2013, About 11 years ago |  16

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End of Tenancy Repairs … vinyl flooring

End of Tenancy Repairs … vinyl flooring...

I have a property that has been let to a DSS tenant which has now come to an end. We had vinyl flooring in the kitchen and dinning room to which has been ripped from when they have moved their furniture...

7:54 AM, 2nd December 2013, About 11 years ago |  16

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