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I want my non paying tenant to have a CCJ

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  • Sarah1Mitty2
    Sarah1Mitty2 Posts: 1,838 Forumite
    1,000 Posts First Anniversary Name Dropper
    Yes, this is important, and the way that a lot of landlords get themselves in trouble, the "market rate" is often published by vested interests like letting agents who have something to gain by telling landlords you can get X for your property, but "market rate" can change very quickly (look what happened to commercial property/office space for example) and if we get the predicted recession "market rate" will go down very quickly.
    Agreed.  And all the talk about LL's selling up.
    I can only comment on what is happening in my area and that is that yes, some LL's are selling up.  But those properties (generally the two up two down terraces) are being very rapidly snapped up by other LL's, brought up to a decent standard and rented out again.  
    So yes some LL's are selling up, but some are also buying up and improving the properties no end. Of course LL's are not a charity, I understand that, but ramping up rents just because you can - regardless of the hardship this may cause - is morally questionable IMO
    For clarification I am not referring to the OP in that last line, it is just a general comment

    Interesting that landlords are still buying, that would mean the supply issues that some feared are not going to happen, at least in your area. Are these properties being sold cheaply, as the FTB`ers that previously would have rushed in don`t have the same borrowing power any more?
    The area is one of the cheapest in the country anyway (North West) so property is much less compared to the rest of the UK, but in general yes.  
    The FTB's are just not in a position to move quickly enough when up against investors ie: buy to let LL's
    Seems to be because any deposits that were being saved are now worth less, so more saving is needed to raise the deposit and in the meantime, the property has sold.

    Are landlords getting tenants easily enough, and what is the average rent for a half decent flat?
  • TripleH
    TripleH Posts: 3,188 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    But if a house can rent for 850pcm and you charge 650pcm (for same house) are you ripping off tenants?
    The Op could have looked to end the tenancy, kicked out the current tenant and re-let the house at a higher rate (current market rate).
    The existing tenant would loose their home and have to pay a higher market rate to get a new tenancy so be out of pocket. They are now in that position, can they afford to be?
    Whether it is fair to increase rent or not is a moot point, that is the position we as a society are in. In a market where there is excess supply, a tenant could likewise move out to a cheaper property.
    The price of a 2 bed flat depends on the area. Central Manchester is in excess of 1,000, but Barrow in Furness not as much.
    May you find your sister soon Helli.
    Sleep well.
  • CurlySue2017
    CurlySue2017 Posts: 519 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    TripleH said:
    The price of a 2 bed flat depends on the area. Central Manchester is in excess of 1,000, but Barrow in Furness not as much.
    This is what I am seeing too, it is very area dependent so an average is just that, you could pay much more or much less depending on your own needs / wants.

  • MultiFuelBurner
    MultiFuelBurner Posts: 2,928 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 12 July 2023 at 8:03AM
    Just to add our 2p

    There are a lot of landlords out there that have kept their rents lower than market rate.

    However, even we are having to consider raising them before the rent reform bill goes through close to market rate. Especially if that bill passed and penalises rent increases over a certain percentage.

    I do feel for tenants across the country as there is a lot of uncertainty for them.

    I can't see the situation getting any better soon.

    Rents are rocketing in some areas and less rentals available with more demand is fueling these increases more and more as well as punitive selection processes. (many of which should be against the law but difficult to prove)

    We will see a lot more homeless people.

    Sorry OP here is my response to your issue.

    That's interesting news that they run a coffee shop. I wonder if you have looked up the accounts to see how they are doing?

  • Mr_GoldMine
    Mr_GoldMine Posts: 66 Forumite
    Sixth Anniversary 10 Posts Name Dropper
    Just to add our 2p

    There are a lot of landlords out there that have kept their rents lower than market rate.

    However, even we are having to consider raising them before the rent reform bill goes through close to market rate. Especially if that bill passed and penalises rent increases over a certain percentage.

    I do feel for tenants across the country as there is a lot of uncertainty for them.

    I can't see the situation getting any better soon.

    Rents are rocketing in some areas and less rentals available with more demand is fueling these increases more and more as well as punitive selection processes. (many of which should be against the law but difficult to prove)

    We will see a lot more homeless people.

    Sorry OP here is my response to your issue.

    That's interesting news that they run a coffee shop. I wonder if you have looked up the accounts to see how they are doing?


    coffee shop opened just after the start of the pandemic around May 2020, on comp house, it was registered July 2022.... theres only a start up file, no accounts yet. I know the business has done very well, intel from the community, google reviews etc and that it met the demands of the community, tnt even bought a range rover evoque 66 plate late 2021/early 2022.

    i kept saying to myself : why is he evading the increased rent (even the discretionary amount of 650, not the market rate of 850), at that time tnt continued to pay 550 and ignored the £100 rent increase and i coulnt do anything due to my own circumstances, had a lot goin on.

    when clearly this tnt doesnt seem to have cash flow problems.

    its even worrying if he is claiming housing benefit, i have reported him for fraud already.... just in case.
  • Mr_GoldMine
    Mr_GoldMine Posts: 66 Forumite
    Sixth Anniversary 10 Posts Name Dropper
    I did tell my family at the time in 2021 that i knew what he was like (especially what character he turned into after he opened his business) and that if we went for any rent increase we would potentially get resistance and potentially we would fall out.
  • Exodi
    Exodi Posts: 3,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 12 July 2023 at 1:53PM
    I'm really suprised that some people have been giving the OP a hard time in this thread for his below market rate rent increase proposal... (well by some, it seems to predominantly be Grizebeck and CurlySue2017 flooding the thread).

    I wonder if they'd hold the view that landlords should operate as charities should they ever become landlords themselves...
    BikingBud said:
    Based on the steady, long-term relationship the OP was receiving £6600 but has now lost out significantly with scope for yet still more losses. Is that sound business?
    <edited to be a bit more polite>: this is very easy to say with the benefit of hindsight.

    Fixing rent at the original price indefinitely because you're too scared to ever negotiate an increase is obviously not sound business. The OP could not have predicted their tenant would throw their toys out the pram and not agree to a below market-price increase - this was not unreasonable by any stretch of the imagination.
    Know what you don't
  • motorman99
    motorman99 Posts: 123 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Curly sue…..following on from a previous question I asked.
    if you found a £50 note in the street and no one claimed it, would you sell it to me for £45 just because you found it and it didn’t cost you anything?
    of course you wouldn’t. 
    So can explain why the OP should do the equivalent? After all, he has something worth £850, why should he ‘sell’ it to the tenant for £550?
  • CurlySue2017
    CurlySue2017 Posts: 519 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    edited 12 July 2023 at 3:52PM
    Exodi said:
    I'm really suprised that some people have been giving the OP a hard time in this thread for his below market rate rent increase proposal... (well by some, it seems to predominantly be Grizebeck and CurlySue2017 flooding the thread).

    I wonder if they'd hold the view that landlords should operate as charities should they ever become landlords themselves...
    BikingBud said:
    Based on the steady, long-term relationship the OP was receiving £6600 but has now lost out significantly with scope for yet still more losses. Is that sound business?
    <edited to be a bit more polite>: this is very easy to say with the benefit of hindsight.

    Fixing rent at the original price indefinitely because you're too scared to ever negotiate an increase is obviously not sound business. The OP could not have predicted their tenant would throw their toys out the pram and not agree to a below market-price increase - this was not unreasonable by any stretch of the imagination.
    Flooding the thread huh?  It's nine pages long and I've made 6 posts, @Grizebeck has made even less.  Calm down.
    I'm not arguing with you, I was posting to the OP and they have made perfectly acceptable responses, I'm happy with that. 
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