We let a flat that's part of our property, and bill our tenant for utilities based on readings of the flat's sub-meters. He also pays one quarter of the standing charges as he occupies one quarter of the property. We don't pass on VAT to him and the rent we charge is below the market rate as we haven't increased it in seven years. Given that, should we pass on any of the Chancellor's forthcoming £400 energy bill grant to our tenant and, if so, how much of it?
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Money Moral Dilemma: Should we pass on any of the £400 energy bill grant to our tenant?
MSE_Kelvin
Posts: 380 MSE Staff
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Comments
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Yes - why wouldn’t you?Work out what percentage of the bill they typically pay then give them the percentage of the £400 off.7
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Of course you should.1
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As usual with these posts the person asking the question seems to be sorely lacking in morals.
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Why haven't you increased rent in seven years?
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
You even need to ask this?0
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Yes. As giddypenguin says above, work out the percentage and refund the tenant accordingly.
The fact that you haven't increased rent in seven years indicates that you are happy with the rent you receive and has nothing to do with the grant. Your tenant, like most of us, has to pay energy bills and should therefore also benefit from the government's generosity.
Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.4 -
Not much of a moral dilemma, not much of a dilemma at all. Being decent vs being a complete b@$£@&?, isnt a conflict of morals.
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Well I wouldn’t personally if that had gone the other way and you were £400 out of pocket would you be asking for them to make up the difference ?Oh and put the rent up, No good deed goes unpunished0
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As a landlord myself, I appreciate a good tenant. One that pays the bills and doesn't wreck the place. You clearly have one like that. Don't be a d**k. Share the money.6
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Let them see that you are honourable and share the money . Though maybe it’s time to increase the rent , a small increase perhaps .0
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