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Renting A Double Room With Shared Facilities In Scotland.
Comments
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I may have to sell up, I am not allowed to change the current tenancy agreement she has.ReadySteadyPop said:
Not worth the risk of bad/flaky tenants in my opinion, sell up, or rent it as a 2 bed flat with tenant paying their own bills, what are rental yields like in your area?Al_Ross said:Thanks for some great replies there. Unfortunately, I can’t change anything in the rental agreement now as advised.
She is getting every single bill paid by me council tax included, so to make this work at all for me, I need two tenants in, paying rent.
As I said I have another young woman moving in next weekend, just started her first job and her first time living in a Flat Share. I will advise tenant one via email mid-week someone has let the other room. My worry is that she will try to obstruct tenant two moving in by saying she can't come in if she's not going to be in (which I believe she can't do).
Or she makes life very difficult for the new tenant and she quickly leaves.
If it doesn't work my only option I can see is selling up. Give her, her 84 days noticed (served via the correct form) and hopes she looks for and gets a new place and moves out without an eviction.
Net yield is 6.68%. for me.
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You can`t get the flat back with appropriate notice and re- let it? How does that work?Al_Ross said:
I may have to sell up, I am not allowed to change the current tenancy agreement she has.ReadySteadyPop said:
Not worth the risk of bad/flaky tenants in my opinion, sell up, or rent it as a 2 bed flat with tenant paying their own bills, what are rental yields like in your area?Al_Ross said:Thanks for some great replies there. Unfortunately, I can’t change anything in the rental agreement now as advised.
She is getting every single bill paid by me council tax included, so to make this work at all for me, I need two tenants in, paying rent.
As I said I have another young woman moving in next weekend, just started her first job and her first time living in a Flat Share. I will advise tenant one via email mid-week someone has let the other room. My worry is that she will try to obstruct tenant two moving in by saying she can't come in if she's not going to be in (which I believe she can't do).
Or she makes life very difficult for the new tenant and she quickly leaves.
If it doesn't work my only option I can see is selling up. Give her, her 84 days noticed (served via the correct form) and hopes she looks for and gets a new place and moves out without an eviction.
Net yield is 6.68%. for me.
The yield is not bad but if we get some bond market volatility a money market fund might match that with zero stress/drama.0 -
OP lives in Scotland where tenants rights are strong, eviction and replacement of tenants under section 21 is not allowed.0
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Al_Ross said:
Thanks for some great replies there. Unfortunately, I can’t change anything in the rental agreement now as advised.
She is getting every single bill paid by me council tax included, so to make this work at all for me, I need two tenants in, paying rent.
As I said I have another young woman moving in next weekend, just started her first job and her first time living in a Flat Share. I will advise tenant one via email mid-week someone has let the other room. My worry is that she will try to obstruct tenant two moving in by saying she can't come in if she's not going to be in (which I believe she can't do).
Or she makes life very difficult for the new tenant and she quickly leaves.
If it doesn't work my only option I can see is selling up. Give her, her 84 days noticed (served via the correct form) and hopes she looks for and gets a new place and moves out without an eviction.
I can't imagine the existing tenant would need to be in or give permission for the new tenant. New tenant has the same rights to the place she she does and it's no longer a viewing.
Whether she'll be difficult or not we can't predict. It could be that she just keeps herself to herself and doesn't expect to have to interact with the new tenant much if at all.0
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