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Should we get a lease that covers maintenance or will that put renters off?
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Service charges shouldn't be passed to a tenant. It shows more lack of knowledge rather than lack of experience. Never a good thing when it it comes to landlords.Falafels said:
Yes... I wonder if the OP is getting confused with the kind of lease which would include a contribution to maintenance - effectively a service charge for the property. As part of a tenancy agreement it would be such an egregious demand that I'm guessing the OP is showing lack of experience here rather than entitlement.MovingForwards said:Perhaps read up of landlord responsibilities for residential property rather than appearing to read about commercial leases.2024 wins: *must start comping again!*1 -
Yes, quite. I think the OP just doesn't understand tenancy agreements.hazyjo said:
Service charges shouldn't be passed to a tenant. It shows more lack of knowledge rather than lack of experience. Never a good thing when it it comes to landlords.Falafels said:
Yes... I wonder if the OP is getting confused with the kind of lease which would include a contribution to maintenance - effectively a service charge for the property. As part of a tenancy agreement it would be such an egregious demand that I'm guessing the OP is showing lack of experience here rather than entitlement.MovingForwards said:Perhaps read up of landlord responsibilities for residential property rather than appearing to read about commercial leases.2 -
As a landlord, you probably just have to look at the the rent payment differently.... Essentially, rent comprises of...- A contribution to wear and tear costs
- A contribution to maintenance costs
- A contribution to insurance costs
- A contribution to mortgage interest costs
- .... etc, etc
- 'Profit'
If, after paying all the costs (including wear and tear and maintenance) you're finding that that there is insufficient (or zero or negative) profit, you probably need to move into a different business.
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A non refundable deposit? Isnt that 'rent'?..2
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No it's non-declarable income otherwise known as a 'back-hander'.....Comms69 said:A non refundable deposit? Isnt that 'rent'?..
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