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Can you terminate a tenancy agreement due to affordability of repairs?
Comments
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theartfullodger wrote: »Just seen the point about negative equity.. Recommendation - declare yourself bankrupt the start again from a clean-sheet & hope it works out nect time.
Worst "advice" ever on MSE.
You should be ashamed of yourself for such a despicable comment.
Here's someone on here genuinely looking for help, and yet again your inflated ego and delusional opinions that being a landlord is a difficult task are dangerously out of touch with reality.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Thrugelmir wrote: »No one should start a business without fully understanding their responsibilities. More importantly, should have sufficient funding available or access to enough credit to cover any eventuality. Its not a game that's being played. Tenants deserve to receive what they are paying for. Just like the service you'd expect from any business.
The OP has clearly been ripped off by the agent. NOBODY could be that unlucky.
And expecting every landlord in the country to budget for being ripped off is just daft.
In this instance, the landlord is the victim, not the tenant.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I recently let out my house using a fully managed service in January.
That's your mistake.
Managing the property yourself would leave you much less open to being ripped off.This was because it is unfeasible to sell given negative equity at the moment.
And quite right too.
Nobody should have to sell at a loss, you've got the right idea, but you need to take more control of the situation.Since January I've just had appalling luck it seems. First the fence blew down in strong winds, then there was a leak in the tiles due to extreme cold weather and frost. Next the boiler had a heat expander problem and the toilet developed a leak.
Up until now I've just been hit with a bill for £3000 for all repairs and it's eaten into all money I have. Today I got a call saying as they were working on the boiler they noticed there were polarity fluctuations in the electricity supply. SO this is another costly repair.
There is somewhere around a 99.99999999999% chance that you are being ripped off something silly here by the tenant/agent or the pair of them working together to scam you.
NOBODY could be that unlucky.
I've not spent £3K on emergency repairs between 2 properties in the last 20 years combined. The chances of you needing to do it in 3 months range from somewhere between zero and F-all.I've said to my lettings agent that I am now out of of money completely and I'd be willing to sever the six month tenancy agreement for the tenant to seek suitable rental accommodation elsewhere.....
Dump the scamming agent ASAP.
In the meantime refuse any further repairs booked through them and insist on checking everything yourself and using your contractors.
Ask for photographic proof of all previous problems, have another contractor visit site and verify works were actually done and done properly, and also check into the contractor that the agency used.
This absolutely sounds like a scam.Does this sound reasonable? Have I got any other options? I feel I've done everything I can but I can't ruin myself - It's just bad luck but built up....
Cheers for advice.
Manage the property yourself.
It's really not a difficult or time consuming thing to do, and other than some basic research and common sense it requires no special skills or ability.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Worst "advice" ever on MSE.
You should be ashamed of yourself for such a despicable comment.
Here's someone on here genuinely looking for help, and yet again your inflated ego and delusional opinions that being a landlord is a difficult task are dangerously out of touch with reality.
Cheers!
Artful0 -
Quote:
Originally Posted by theartfullodger
Just seen the point about negative equity.. Recommendation - declare yourself bankrupt the start again from a clean-sheet & hope it works out nect time.Worst "advice" ever on MSE.
I don't see how either of you can say this with such apparent certainty. It depends on the degree of negative equity, how much other borrowing the OP has, what he/she is earning, how their job is affected by bankruptcy .....
If the OP has say £50k neg equity, £20k other borrowings, and earns £20k a year, bankruptcy might be a good idea. If it's just £5k negative equity and no other borrowings, it would be crazy to go bankrupt. Somewhere in between, it's worth considering bankruptcy.No reliance should be placed on the above! Absolutely none, do you hear?0 -
HAMISH_MCTAVISH wrote: »
Dump the scamming agent ASAP.
This absolutely sounds like a scam.
There is somewhere around a 99.99999999999% chance that you are being ripped off something silly here by the tenant/agent or the pair of them working together to scam you.
Here's someone on here genuinely looking for help, and yet again your inflated ego and delusional opinions that being a landlord is a difficult task are dangerously out of touch with reality.
Can I suggest you take your own advice and not contaminate any advice with your unhelpful and unilateral opinion about agents.
Weather causes winds to blow, snow and ice gets under tiles, and boilers fail especially in prolonged and for the UK extreme weather.
None of your rant actually helps the OP.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
3k for a fence,roof tiles and boiler.......they're pulling your pants down.Official MR B fan club,dont go............................0
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propertyman wrote: »Can I suggest you take your own advice and not contaminate any advice with your unhelpful and unilateral opinion about agents.
Weather causes winds to blow, snow and ice gets under tiles, and boilers fail especially in prolonged and for the UK extreme weather.
None of your rant actually helps the OP.
I agree, but there's a possibility that the agent is taking the mickey. The OP should note for future reference that there is urgency in repairing the boiler but not the fence panel.No reliance should be placed on the above! Absolutely none, do you hear?0 -
3k for a fence,roof tiles and boiler.......they're pulling your pants down.
How can we say that? We have no idea how much work was required how bad the damage was or any access restrictions special circumstances or materials.
:money:The OP should be looking at a building insurance/landlords insurance claim to recover some if these costs if there was an insured peril eg storm for the snow, winds for the fences, and in an advanced policy boilers for extreme conditions.
Something an agent should be advising you on.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
Perhaps the OP could fill us in a bit more,but it seems judgement has already been cast on his behalf.Official MR B fan club,dont go............................0
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