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ThePants999 wrote: »The reason you're getting mixed opinions is because on the one hand, the law affords your tenant a LOT of protection that comes at your expense; on the other hand, the tenant is highly unlikely to make use of any of it. So you have a choice to make between following the law and thereby incurring significant extra expense but no risk, or taking shortcuts that will probably be absolutely fine but run the risk of landing you in hot water. Posters here vary significantly in their levels of risk aversion. Those who've seen a few of my posts will be unsurprised to hear me say I'd personally go for option #2; I'm equally unsurprised by some of the people recommending option #1
Par for the course - living in Britain 2018 (some parts more than others) and there will be people who are "scared of their own shadow" on the one hand and terrified to do anything that might amount to "putting a foot out of place" on the one hand and those thinking "I'll just go in for commonsense - and there shouldnt be a problem" on the other hand).:cool:
Yep....personally - some of us do believe in being straight down the line fair (to both parties) and that may or may not coincide with how the law is currently (ie in the exact year concerned).
NB; Some of us instantly took the term "moonlighting" exactly as meant. The term does, strictly, refer to jobs - but some of us realised that it meant = doing a moonlight flit (ie in this context).0 -
Indeed. And it amuses me a bit that there's a strong correlation between the sorts of people that say "it's obvious you need to follow the letter of the law" and the people who say "being a landlord is running a business, so you should know this stuff like the back of your hand and live by it" - because I suspect that it's rather common for one-man businesses in other sectors to take certain commonsense legal shortcuts from time to time 0
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I don't believe there's any further information to impart.
The OP has had the law explained; been pointed at sources of information; been advised of practical short-cuts; had the risks associated with those shortcuts spelt out; and has heard from people with varying viewpoints (as is normal on a public forum).
All that remains is for the OP to make a decision, take the appropriate action, and then come back and tell us how it all pans out...........0 -
I served the official papers to the property - no short-cuts. By the Law. Now i'm out of pocket for legal costs and a for lengthy period and renovation budget for damage. Never mind rogue landlords, it's rogue tenants and lots of them!
thanks to those who offered some kind help on this forum.0 -
Next time (if you plan to rent out again) don't just rely on credit checks.
1)Look at social media.
2)If you can, ask for copies of bank statements so you can evaluate the tenants ability to pay rent and spending habits.
3)Visit where they are living now (make some excuse of needing to talk over tenancy) to see if they look after the property they are living in.
Credit checks only show if they have a bankruptcy or CCJ. Landlord references may not be truthful (particularly so if they are a tenant the LL wants rid of).
Yes, its a lot of work, but you are letting them live in a property worth a lot of money, where you can lose a lot in refurbishment if they are the worst sort of tenant. Its worth time off and travelling costs to prevent thousands in refurb costs. Most tenants won't cause this but any LL needs to avoid the ones who do.
There are ways to filter out such tenants.0 -
deannatrois wrote: »Next time (if you plan to rent out again) don't just rely on credit checks.
1)Look at social media.
2)If you can, ask for copies of bank statements so you can evaluate the tenants ability to pay rent and spending habits.
3)Visit where they are living now (make some excuse of needing to talk over tenancy) to see if they look after the property they are living in.
Credit checks only show if they have a bankruptcy or CCJ. Landlord references may not be truthful (particularly so if they are a tenant the LL wants rid of).
Yes, its a lot of work, but you are letting them live in a property worth a lot of money, where you can lose a lot in refurbishment if they are the worst sort of tenant. Its worth time off and travelling costs to prevent thousands in refurb costs. Most tenants won't cause this but any LL needs to avoid the ones who do.
There are ways to filter out such tenants.
The other avenue is to let only high end properties.
I have one rental worth about £1million and I would far rather have this than five worth £200k. You'd think the void risk would be higher with one property than five, but in 14 years I've never had one.0 -
Frankly if a LL asked me for copies of my bank statements I'd tell them where to shove their house...or perhaps I'd ask to see copies of theirs, so I could be sure they could afford any necessary repairs to the property over the course of the tenancy!0
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Frankly if a LL asked me for copies of my bank statements I'd tell them where to shove their house...or perhaps I'd ask to see copies of theirs, so I could be sure they could afford any necessary repairs to the property over the course of the tenancy!
Maybe the council check the landlords ability to do (pay for) basic repairs?0 -
moneyistooshorttomention wrote: »Par for the course - living in Britain 2018 (some parts more than others) and there will be people who are "scared of their own shadow" on the one hand and terrified to do anything that might amount to "putting a foot out of place" on the one hand and those thinking "I'll just go in for commonsense - and there shouldnt be a problem" on the other hand).:cool:
Yep....personally - some of us do believe in being straight down the line fair (to both parties) and that may or may not coincide with how the law is currently (ie in the exact year concerned).
NB; Some of us instantly took the term "moonlighting" exactly as meant. The term does, strictly, refer to jobs - but some of us realised that it meant = doing a moonlight flit (ie in this context).
Some people know what the law is, and others, like you, assume it means whatever is going through their head at the moment they are speaking. You are dangerous on a site like this. You have no idea at all what you are talking about but never let it stop you spouting your opinion.0
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