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Readers Questions 's Articles

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About Readers Questions
It's usually far more effective to learn from other people experiences than is it to learn from your own mistakes. "Readers Questions" are some of the best read articles on Property118.com. If you would like to seek the opinions of other landlords and letting agents why not submit a Readers Questions article of your own. We will not reveal your identity if you don't want us to. Any guidance offered by Property118 members is obviously done so in good faith and at no cost. It must not be construed as professional advice, even if the person offering the guidance is professionally qualified. It's good to know that you are not alone though and a bit of guidance can often be useful. No question is a silly question. If a question has been answered before we will let you know and point you to a link. We may ask you to post your question on another thread if it's been well commented on previously by people in similar situations or we may set up a brand new thread and bring it to our readers attention by including a link in our Newsletter. It needn't cost you a penny either :) Please see the form below. If you can't see the form please CLICK HERE


moved

Agents chasing for payment but I have moved out?

31/07/2015

I rented a house which had 12 months minimum term. This was unknowingly signed by me and my wife because we discussed 6 months. We had intention of staying in the house for 6 months because we were already looking for mortgage to secure our own house. Luckily after staying for 7 months (March 2015)… Read more

lodger

Should I take a tenant reference for new lodger?

I would like some advice regarding taking in a live in lodger. I was wondering if it would be necessary or advisable to obtain a tenant reference for a live in lodger prior to them moving in as it is for a tenant renting a property on an AST. Any advice would be most helpful…. Read more

seperation

Year of Separation but how to split property

30/07/2015

My wife and I are divorcing and we want to transfer 3 rental properties from joint names into my name in return for a lump sum that I will pay her. I believe we have to do the transfer in the year of separation otherwise a CGT would be payable. What is involved in the… Read more

short

Letting agent hasn’t collected enough rent?

29/07/2015

We have been using a letting agent to fully manage one of our properties for the last 8 years and we pay 10% commission for doing this which includes Landlord insurance. Around 2 years ago he found us a new tenant and she moved in and everything was fine. A couple of months after she… Read more

Great Yarmouth

Should I invest in Great Yarmouth or is it too likely to flood?

I am new in the property investments but I would like to ask for the opinion of the more experienced landlords. I am planning to buy my first BTL I own a property already which is my main residence in Great Yarmouth that’s where I live now. I am wondering where to buy my BTL… Read more

brothel

My Flat being used as a Brothel!

I let my Flat to a holiday let company, but it was on the basis that they would NOT use it as a holiday let, but were going to let it to a couple who were in London for 6 months working. It is a one bed flat and I insisted it should remain as… Read more

manage

Can I manage the renting of my mothers house?

My mother recently moved in to the granny annex in our house. We have had to agree that she pays rent for the flat as she refused to move in otherwise. She is going to rent out her house with the idea that she will then use this to pay us. Is there a way… Read more

brother

Buying a BTL property for Brother in Joint name or single?

28/07/2015

I am in process of buying my first buy to let property. I have couple of questions: (i) The property we are in process of buying is for my brother who doesn’t own any property in his name. Ideally we want to have property in his and his wife name but he couldn’t get mortgage… Read more

Lease extension in most cost effective way

Lease extension in most cost effective way?

27/07/2015

I have 56 years lease left in a flat. I am hoping to extend the lease. I understand that I can apply for Statutory 90 years lease extension plus pepper corn rent. I am hoping to increase my lease without spending a lot of money on solicitors. Can I do the initial negotiations and test… Read more

shop

Tenant wants to take shop interior when she leaves?

I bought a property 8 months ago which contains a lock up shop. The tenant who has been there since 2007 has given 3 months notice to quit. She says that when she moved in she had a wooden floor, kitchen sink and cabinets fitted. She says that as they are her property and she… Read more

Empty Property

Empty Property

I wonder if you can help me , my mother lives in a road where their is a property which has been vacant for the last thirty years . I have contacted the Land Registry and have obtained a copy of the title deeds . This has resulted in me writing a letter to the… Read more

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