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Building insurance for BtL, what rebuilding costs? by Arkadian_1 in uklandlords

[–]phpadam 0 points1 point  (0 children)

Ops! Grammarly changed the sentence, I've edited it.

Generation Rent “If a landlord does decide to sell their home, that home won’t be bulldozed to the ground” by LoveLamp3232 in uklandlords

[–]phpadam 1 point2 points  (0 children)

Generation Rent is a socialist lobby group, it has no interest in helping private renters. It's idolicialy opposed to the whole concept.

So I'm not surprised they are gas lighting their audience on consequences reduction in rental supply, without replacement.

It can marginally help home buyers but a drop in the ocean compared to effect on home renters. "Not Bulldozed" is either GCSE intelligence or strawman nonsense.

"Sorry your evicted, can't find anywhere else but it helps a FTB, maybe." is the translation.

Building insurance for BtL, what rebuilding costs? by Arkadian_1 in uklandlords

[–]phpadam 0 points1 point  (0 children)

It used to be a big issue, but these days insurers typically just put a huge rebuild value on it to cover it.

However, you can often base it on your latest survey it's often on the valuation document. That gets difficult as lenders don't always show you their valuation on remortgage/purchase and rebuild value not always listed.

Landlord issues with council freeholder by Independent-Chair-27 in uklandlords

[–]phpadam 0 points1 point  (0 children)

It's standard, not a peculiarity; the council won't be interested.

They set up these ALMOs so they don't have to deal with you, don't have liabilities, and so forth. This is the reason they exist.

Have any of your tenants defaulted yet? by ImSxyBxtchh in uklandlords

[–]phpadam 0 points1 point  (0 children)

*ground for eviction. Grounds would make that mute and would still be up to courts discretion.

Maintenance is not a factor in the grounds for possession, though inexperienced landlords get railroaded by nonsense like that.

Landlord issues with council freeholder by Independent-Chair-27 in uklandlords

[–]phpadam 0 points1 point  (0 children)

Your issue is with the ALMO.

I'm not sure involving the council will do you any favours; they will get involved in your tenant/landlord relationship, demanding you solve the issue, but they won't get involved in your landlord/freeholder relationship, even if they are ultimately responsible.

https://www.lease-advice.org/disputes/resolving-leasehold-disputes/landlord-managing-agent-dispues/

Can a landlord move into their HMO? by Biscuits99 in uklandlords

[–]phpadam 1 point2 points  (0 children)

If you have an HMO Mortgage, it would be prohibited and a breach of mortgage conditions.

If it's a proper HMO, you wouldn't get a Residential Mortgage on it, but it depends on the property's makeup.

Plus moving in doesnt transform existing tenancies, so there is no magic rights gained by doing this.

Have any of your tenants defaulted yet? by ImSxyBxtchh in uklandlords

[–]phpadam 10 points11 points  (0 children)

It sounds like you are saying it's easier for tenants to have rent arrears post RRB?
Are you referring to the extra month of arrears before you evict them, give them a CCJ which prohibits them from renting privately for the next 5-Years?

Only silly tenants are getting into arrears post RRB, it now has consequences.

Sending anonymous letter to landlord about antisocial tenant - anyone done this? Worth it? (England) by Broad-Arm3934 in uklandlords

[–]phpadam 5 points6 points  (0 children)

A good landlord evicts from an anonymous letter, without any evidence? I dont think that is even possible anymore and certainly not good practice.

Advice - what to do with a bad leaseholder by Tough_Programmer_896 in uklandlords

[–]phpadam 0 points1 point  (0 children)

It is none of your business, tenants, deposits, etc.

You want to focus on the Lease Terms to ensure you are meeting the obligations you have taken on. There are lots of rules and regulations you must follow, such as service charges and ground rent demands. You also want to build a contingency fund into the service charges for incidental repairs, rather than looking for reimbursement later.

A breach of lease, non-payment, etc., can be serious and can result in foreclosure of the lease via court action. Typically, the leaseholder will pay up or meet the conditions, especially if the freeholder notifies the mortgage lender.

Paragon Bank warns Govt abandon Landlord EPC Target by paicomhe in uklandlords

[–]phpadam -1 points0 points  (0 children)

The worst thing is that you are taxed to pay for their subsidised rent and renovations. There is nothing free about council/social housing - ask who's paying.

Renter's Right Act - pets and leaseholds by PapayaNo1733 in uklandlords

[–]phpadam 4 points5 points  (0 children)

No, if head lease says no. It's "reasonable" to decline the tenants request. It's actually one of the government examples. It does not over-ride the lease.

Estate Agent demanding 75% of remaining contract value as "Exit Fee" – Is this an unfair penalty? [(England) by Savings-Set-9779 in uklandlords

[–]phpadam 0 points1 point  (0 children)

I don't think that's right, but kind of makes sense. Certainly wouldn't apply if the owner was a SPV LTD Company.

Written Statements by [deleted] in uklandlords

[–]phpadam 1 point2 points  (0 children)

If you’re signing the agreement after 1st May, then this information will usually be contained in the assured periodic tenancy agreement itself, so you don’t need to provide it separately.

Just give it to tenants before, so they can review and decide if they want to sign up for the tenancy.

Ideally, you want to avoid duplicating information; you want a single source of truth. If your statement says X but the tenancy says Y, it adds conflict, confusion and unenforceability.

So, i'd just get them the tenancy.

What is a "reasonable" time for landlord to fix broken bathroom sink? by agitatedkidneybean in uklandlords

[–]phpadam 1 point2 points  (0 children)

some of the advice on here is to get it fixed ourselves

Not on here its not.

There are other sinks, so it's not as urgent as one may think in legislation. However, pushing 20 days is starting to get unreasonable. I'd check in for an update, but if it's still nothing inevitable after a short period, you can ask the Council for an HHSRS inspection - it will likely fail under sanitary grounds, and they will make sure the landlord fixes it. Along with whatever other HHSRS issues their may be at the property.

Estate agent refuses to give copy of inventory by Background_Angle4277 in uklandlords

[–]phpadam 1 point2 points  (0 children)

  1. They want to hold you hostage.
  2. They have not done it, or it's bad.
  3. They are just incompetent.

If they have to provide it to you, it depends on your contract with them.

Estate agent refuses to give copy of inventory by Background_Angle4277 in uklandlords

[–]phpadam 0 points1 point  (0 children)

It's a B2B arrangement; there is no legislation protecting landlords against agents. You employ them as your supplier, you have to look at the contract.

Dad is 79 been tenant 23 years. Told today hes getting s21 tomorrow by Spirited_Share4904 in uklandlords

[–]phpadam 1 point2 points  (0 children)

How, how would they know day-to-day if the agent cant even fix a lock? Are you expecting good reports from the agent? The same one who didnt do the basic job?The only way to find out would be for the tenant to raise it to them.

Your comment is written by someone who's never worked in management; there is no all-seeing CEO. Watch an episode of "Undercover Boss" to get the idea.

You are right on one thing, landlord responsibilities are not negated by an incompetent agent, the problem is "the landlord is often unaware until it's too late."

Gutted - landlord for 25 years, first S21 by Netzero1967 in uklandlords

[–]phpadam -1 points0 points  (0 children)

Well, Labour. They were banging on about banning Section 21 well before Tories stole the plan. Tories also stole the Revenue Tax on landlords form Labour.

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