Help - tennant not paying rent!

PasturesNew

Good spot dopester, you should get out more :P

dopester wrote: »

You received warning to do lots of research about becoming landlords last year. Also, it's tenant, and not tennant.



In that thread you say your joint earnings are in the £200K region per annum. You didn't want to stomach the fall in value on one property and take steps to sell it, you presumably still have a good income, and a tenant who might get into arrears is part of the risks of being a landlord. It's business.

With an income of £200k/year (HOW MUCH??) ... the easiest bet is to bribe the tenant to leave quickly. Say £2k cash in an envelope.

IronWolf

Your tenant knows exactly what shes doing, its highly likely shes going to do a runner by the end owing 2 months rent or more. Just make sure you dont lose track of her, and sue her for rent owing.

theartfullodger

As dopester says:

Blimey, we really do need that mandatory course for new landlords -
Lesson 1 - tenants may not always pay rent on time or look after LL's property perfectly..
Lesson 2 - Bears may defecate in arboreal surroundings...
Lesson 3 - Pope may have catholic tendencies,...


What people are prepared to admit to on't t'InterWeb never ceases to amaze me....

Cheers!

Artful

Waterside

Dopester et al - I understand what it means to be a landlord, I have done my research and I appreciate business has its risks, and the decision was made to rent out the property was made on a sound judgement.

My reason for posting the question was to see if there is anything I have missed - I believe forums like this should be supportive, aimed at giving advice or hints based on similar experiences.

Referring back to information from a post some 8 months ago seems like very strange behaviour, and quite unneccessary. The tennant is clearly in the wrong, and this information doesn't change that...

What is also 'business' is that when you enter into a financial arrangement with somebody, it should be honoured, regardless of the financial circumstances of either party - you don't buy what you can't afford and you don't not pay someone because they are richer than you!

Many thanks to those who offered useful advice in their responses...

theartfullodger

Waterside wrote: »

Dopester et al - I understand what it means to be a landlord, I have done my research and I appreciate business has its risks, and the decision ............

Yet you still can't spell "tenant"... Sigh!

With respect the history of this problem seems to indicate you don't fully appreciate how to manage property, tenants , getting the agent-who-works-4-you-to-do-your-work-for-you, etc.. Done any courses, read any books, got any accreditations???

OK, have it your way... you're right, I'm wrong....

Cheers!

G_M

Waterside wrote: »

Dopester et al - I understand what it means to be a landlord, I have done my research Clearly not. You are a landlord and your business is tenants. yet you can't even spell 'tenant' - even after it's been pointed out to you and I appreciate business has its risks, and the decision was made to rent out the property was made on a sound judgement. Hmmmm....

My reason for posting the question was to see if there is anything I have missed - No. This er 'tenant' will ensure that when the S8 case comes to court the arrears are just below 2 months, so you'll lose the mandatory ground and the er... tenant .... will be allowed to remain.

Referring back to information from a post some 8 months ago seems like very strange behaviour Fairly normal on here - we like to have the complete picture as it helps give the best response, and quite unneccessary. The tennant AAGghhh! is clearly in the wrong, and this information doesn't change that...

What is also 'business' is that when you enter into a financial arrangement with somebody, it should be honoured, regardless of the financial circumstances of either party - you don't buy what you can't afford and you don't not pay someone because they are richer than you! Yeah! Tell that to all the 1000s of people with credit card debt; To the bankers who bought up sub-prime mortgages; to the High Street stores going into liquidation every week;
Whether you like it or not, it's all part of 'business'

Hope that helps.

ILW

Waterside wrote: »

.

What is also 'business' is that when you enter into a financial arrangement with somebody, it should be honoured, regardless of the financial circumstances of either party - you don't buy what you can't afford and you don't not pay someone because they are richer than you!

.

Nice thought, but the real world is not always like that. Some people do not pay back loans etc etc.

Waterside

Apologies for my incorrect spelling - a pure mistake. I consider myself ticked off for next time.

theartfuldodger - maybe I am not fully qualified, but I am doing my best to learn. My agent is doing all of these things for me, but I was asking a forum of more experienced people if the agent was doing the right things. Tell me, do you get everything right the first time??

G_M - I am not using the Section 8. If you read the original post, I was enquiring as to why the letting agent was reluctant to use one. I am aware of the grounds, etc, but again just checking there was not an easier way than waiting for a S21, and checking I wasn't missing a trick with the agent...

It may be the norm in referring back to previous posts - when they are relevant. Yes, I was a reluctant landlord. Yes, I am a first time, single property landlord (you guys don't seem to like this breed). But my question was about S8s and S21s, and I struggle to see the relevance of past history in this instance.

Also, in terms of your last comment, you are correct and you have listed another group of people who have done wrong. If that's 'just business', is crime 'just life', etc, etc? There is nothing wrong with expecting people to do the right thing, otherwise we would never do anything...

You lot are quite a harsh bunch aren't you! I have asked for a bit of simple advice, and got all that in return...

Waterside

Oh, and everything else is in place as suggested in the post referenced by dopester. All of the above was factored in to our decision to rent, and we have all the certificates, etc. We are financially prepared for this, and have all the research on S21, S8, plus managing agents. All I wanted to understand was if I had missed anything...

The LLs you should be flaming are the ones who understand all the loopholes, and make a business out of fleecing tenants.

Please don't always assume the worst, otherwise people will be too scared to ask questions on this forum for fear of being shouted down by you lot. And, yes, I have seen the same type of comments on other posts...

theartfullodger

theartful who????