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...
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...
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...
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...
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.
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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Property118.com Wednesday 15th August 2012