I think so too; but you wouldn't believe the flak I get on other forums for suggesting this strategy.
Perhaps I don't know what I'm talking about!?
It's possible isn't it!?
I think if more small LL were aware of this strategy then losses for them would be substantially reduced.
I cannot get contents cover as I have had 4 floods costing £55000.00, mostly down to the rubbish builders.
I have to wait for another 4 years before I will get a decent quote for LL contents cover !?
Unfair or what!?
Agree with Paul completely but again, why do landlords insist on signing a 12 month tenancy!!!! It can only prolong the agony!!!
I think some may do this to save on renewal fees.
As I manage mine personally , I only charge an admin fee of £30.00 which funnily enough is what it costs for me to renew the deposit with mydeposits!!!
If I feel so inclined I offer the tenants the chance to to renew.
None of them ever has.
They were happy proceeding onto a SPT.
For rent increases I just do a Section 13 but only after I have agreed with the tenant what the increase is going to be.
Saves on another DPC fee which I would have to pay as I am the one wishing to amend the AST.
12 month AST's are as you suggest madness.
Yes but I like the deposit monies sitting in my bank account as I am liable utlimately.
Paul Routledge said:
I didn't think they could do that I thought they had to award the eviction if you could prove your case – obviously not! . Is that not the point of a section 8 you should have asked the judge to cough up if she doesn't pay bet he would have got rid of her quick enough then.
An update re my previous post re the judge adjourning a section 8,
First the background, the tenant has been in the house over 2 years and has paid more or less on time. She got herself married then pregnant then her new husband left her, she then stopped paying the rent, so from a references background check etc she was okay.
As I said the judge adjourned the first hearing, we went back for a second hearing and he adjourned that, again to give her more time to find the money.
The new date is 6 weeks away, that will be 14 weeks since we filed the section 8.
As said by others, we will be getting a solicitor to represent us next time but there should be some way of taking the judge to task, I don't think me calling him incompetent would go down well.
PS, The tenants then time employer stood guarantor for the rent, I have written to them and advised the tenant is in arrears and how much the arrears are. The Guarantor has not replied and as I understand it we need the courts decision before we can pursue them for the arrears.
This just shows you having a guarantor that doesn't have an RGI policy in force on them is useless.
Had you an RGI policy you would be receiving rent and you would have to evict the tenant.
One presumes you will be getting rid of her.
Make sure you you have a Section 21 ready to go and apply for LHA form the council to be paid directly.; but still get rid of her.
Once a p--s-taker always a p--s -taker.
I wonder if your mortgage company will restore your credit rating if payments have been missed due to this tenant?
How do you feel providing free accommodation for your wrongun tenant.
Did you ever think you would be housing charity!?
What should have happened is she should have left your property if she cannot afford the rent.
But no she is taking advantage of the useless county court system preventing you from receiving rent for your property.
On principle I would be getting rid of her.
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