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BTL Flat

I have a flat that I bought a couple of years ago,however there is a lot of anti social behaviour going on by one tenant in the complex.I cannot rent out due to other flats getting wrecked,doors kicked in etc.Property is only worth half of what I paid what are my options if I wanted to walk away?

Comments

  • Sammy85_2
    Sammy85_2 Posts: 1,741 Forumite
    Sell it for what its worth and take the financial hit or find tenants who wont mind being in a block of flats like that. Set the rent low enough and you will still get someone who wants it but you'll most likely have a high turnover of tenants.
    :jProud mummy to a beautiful baby girl born 22/12/11 :j
  • Nosht
    Nosht Posts: 744 Forumite
    Why not approach a Local Housing Association, Social Work Dept. or Council & offer your place to them for a fixed period, usually 5 years.


    N.
    Never be afraid to take a profit. ;)
    Keep breathing. :eek:
    Just because I am surrounded by FOOLS does not make me wise. :j
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Live there. Get a big dog and a hot line to the police./
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    Rent it to some DSS people. Sounds like a dream to that market sector.
  • hardtimes
    hardtimes Posts: 345 Forumite
    Nosht wrote: »
    Why not approach a Local Housing Association, Social Work Dept. or Council & offer your place to them for a fixed period, usually 5 years.


    N.

    Do you mean for them to use as their office?
  • Sammy85_2
    Sammy85_2 Posts: 1,741 Forumite
    hardtimes wrote: »
    Do you mean for them to use as their office?


    No, you rent it to the coucil and they use it as council housing.
    :jProud mummy to a beautiful baby girl born 22/12/11 :j
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Voluntary repossession is no less disastrous for your credit rating than forced repossession. Have you approached the police, Environmental Health, the Antisocial Behaviour Unit at the council, the tenants' landlord, the management company of the block? If you have, have you done so in writing, do you have the support of the other residents and have you been persistent?
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • hardtimes
    hardtimes Posts: 345 Forumite
    Fire_Fox wrote: »
    Voluntary repossession is no less disastrous for your credit rating than forced repossession. Have you approached the police, Environmental Health, the Antisocial Behaviour Unit at the council, the tenants' landlord, the management company of the block? If you have, have you done so in writing, do you have the support of the other residents and have you been persistent?


    We have contacted police etc and no one can do anything as they have no proof that this tenant is to blame.The law is an !!! and only protects the guilty
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    hardtimes wrote: »
    We have contacted police etc and no one can do anything as they have no proof that this tenant is to blame.The law is an !!! and only protects the guilty

    Maybe you should smack him round the head with a baseball bat then. The law will be on your side.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    No. The law considers us all innocent until proven guilty. So the law protects the innocent, which this trouble-maker is until there is enough evidence to convict.
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