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Percentage service charge calculation?

Percentage service charge calculation?

I bought an off-plan buy-to-rent apartment from Fortis a few years ago, and recently they have asked for a pretty hefty balancing charge for 2020. I looked at the lease to see what my percentage should...

9:11 AM, 24th February 2022, About 2 years ago |  2

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RogueTenantRegister.co.uk – feasibility?

RogueTenantRegister.co.uk – feasibility?

Why has no one started a rogue tenant register? I am ready to…. I have done extensive research on the idea as a multi landlord myself, and the only possible problem I come across is adding a tenant...

11:09 AM, 23rd February 2022, About 2 years ago |  47

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Understanding Commercial Service Charge Apportionments

Understanding Commercial Service Charge Apportionments...

I have a long commercial leasehold on office space in a mixed residential (apartments) and commercial (offices) development, though the commercial and residential units are distinctly separate buildings.

11:05 AM, 23rd February 2022, About 2 years ago |  1

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CGT on lease extension?

CGT on lease extension?

I owned a house as my main residence, which was converted into three flats and put into my BTL business. The three flats were held under a single title initially. I decided to remortgage the flats and...

9:59 AM, 22nd February 2022, About 2 years ago |  4

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Wales rule change questions for July 2022?

Wales rule change questions for July 2022?

I had been looking over the new model contracts under the new rules and was surprised that there were no fundamental or supplemental terms relating to agents or interest on late rent payments. I made enquiries...

9:43 AM, 22nd February 2022, About 2 years ago |  6

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SDLT on Private Purchase of two properties to be combined to one?

SDLT on Private Purchase of two properties to be combined to...

We have a portfolio of properties rented out and are buying 2 attached cottages to make 1 private residence (the cottages are on separate deeds being purchased from the same seller). We are selling our...

9:11 AM, 22nd February 2022, About 2 years ago |  3

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Older tenant walking aids required?

Older tenant walking aids required?

I have an older tenant in a small one-bed ground floor flat. His walking is getting worse, and he is now using a small supermarket trolley to get back and forth from the shops to lean on and transport...

9:15 AM, 17th February 2022, About 2 years ago |  21

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Tenancy Deposit Scheme fiasco – unilaterally terminated protection?

Tenancy Deposit Scheme fiasco – unilaterally terminated...

I use the Tenancy Deposit Scheme insurance-based scheme. In my opinion, I would sooner pay a small premium to hold the deposit than have to jump through hoops trying to get payments for damages through...

10:16 AM, 16th February 2022, About 2 years ago |  5

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Damage caused by neighbours overgrowth?

Damage caused by neighbours overgrowth?

Does anyone know how we stand regarding damage caused to our property by invasive plants in our neighbour’s garden? We’ve cut it back on several occasions over the years, but now it’s grown into...

10:07 AM, 16th February 2022, About 2 years ago |  7

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New Lows for Selective Licencing?

New Lows for Selective Licencing?

We are no strangers to councils imposing Mandatory Selective Licences. We make representations at every opportunity even though we know they aren’t considered at all. I don’t generally disagree...

9:55 AM, 16th February 2022, About 2 years ago |  6

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Selling my garden and pony paddocks?

Selling my garden and pony paddocks?

I have two pony paddocks of about 3 acres with our house and garden (1.5 acres). The paddocks have development potential with neighbouring land being already built on, or with recently approved planning.

11:56 AM, 15th February 2022, About 2 years ago |  11

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Allowable Expenses Split for 90/10 ownership?

Allowable Expenses Split for 90/10 ownership?

Hi all, I am a new private residential landlord. The property is jointly owned 90%-10%. I am now looking for a definitive answer on how I should be splitting our allowable expenses for tax purposes. I’ve...

11:44 AM, 15th February 2022, About 2 years ago |  5

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Why sell the geese that lay the golden eggs?

Why sell the geese that lay the golden eggs?

After implementing the strategies recommended by our Property118 Tax Consultant my husband and I were asked to leave a Testimonial comment. However, just a few short sentences were not enough for me, so...

16:08 PM, 14th February 2022, About 2 years ago |  0

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Could tenant provide their own referencing/credit check info?

Could tenant provide their own referencing/credit check info?

Is there anything stopping you from asking your prospective tenant to do their own credit referencing etc. and give you copies of the details? Wouldn’t this take away the cost and time of the landlord...

8:42 AM, 14th February 2022, About 2 years ago |  10

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Verbally abusive tenant refuses rent increase on renewal of AST?

Verbally abusive tenant refuses rent increase on renewal of AST?

I have a very difficult and combative tenant who is quibbling over my proposed rental increase of just over 3%, at the lower end of current increases. After verbally abusing me, he is now trying to negotiate.

8:33 AM, 14th February 2022, About 2 years ago |  6

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Housing Association flat that does not allow subletting?

Housing Association flat that does not allow subletting?

Hi, I have a young member of staff who purchased a flat in a housing association block of flats. He did not realise that when purchased, he could not sublet. Has tried to sell his flat and the purchaser...

7:09 AM, 11th February 2022, About 2 years ago |  4

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In a pickle and need legal expertise?

In a pickle and need legal expertise?

Got a strange situ here – I have 2 licensees who originally rented 2 rooms in a shared house. Then they got together. The other 2 licensees moved out before Christmas and these remaining 2 asked...

11:56 AM, 10th February 2022, About 2 years ago |  18

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Agent didn’t protect tenant deposit and now in liquidation?

Agent didn’t protect tenant deposit and now in liquidation?

Hi everyone, I may be in a bit of a situation. I have an agent who I have used for one of my properties who it looks like took a 3k deposit from tenants, didn’t protect it, and are now about to go...

11:47 AM, 10th February 2022, About 2 years ago |  3

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Energy rebate/loan questions for student accommodation?

Energy rebate/loan questions for student accommodation?

OK so in October every house using electricity will get a £200 rebate (loan by stealth) then it has to be paid back over 5 years. The information says that if someone shares and moves to a new property...

10:53 AM, 10th February 2022, About 2 years ago |  21

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Stamp duty trap transferring property back into sole name?

Stamp duty trap transferring property back into sole name?

Dear All, I am trying to re-mortgage a leasehold flat as my current deal has moved onto an SVR. The flat is jointly owned with my wife (as a Tenancy in Common with the intention of my share being 99%...

10:23 AM, 10th February 2022, About 2 years ago |  7

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