9:58 AM, 24th August 2022, About A year ago 41
Hello everyone, All of us as landlords are affected in different ways by the raft of HMRC taxation and government regulation.
As a student landlord of 25 years I am struggling to understand how the end of fixed term tenancies will benefit student tenants despite listening to arguments from Shelter and NUS.
Their arguments made absolutely no sense and seem to be taking the same “holiday from reality” as our likely new prime minister.
If we assume, which we must, that the renters reform bill will be passed, does anybody have any suggestions of how to legally overcome issues of having to sign students on a permanent tenancy agreement, when we all know that they will likely want to move on in 12 months and a whole year of new students will need to find accommodation well in advance of that?
My student houses are usually signed up by November in the year before the tenancy starts, simply due to the huge demand from students which is only getting greater.
This week I am getting calls from first-year students just going through clearing who have been told that the University of York has no accommodation for them.
So if first years aren’t being accommodated, what chance do second and third years have when trying to find a home in a massively dwindling supply of houses in the PRS?
As landlords we all fully understand what has happened over the last few years and the causes of it, but try explaining this to students who are being told that all landlords are greedy and evil.
I’ve always had a fantastic relationship with my tenants and enjoy excellent reviews and recommendations, but I now feel like I am part of a broken system despite working really hard to build up a well run and well maintained portfolio of homes for hard-working students.
If anybody has any clever “out of the box” suggestions on how to overcome the end of the 12 month fixed tenancy, I’m sure others in my position would be really grateful to hear them!
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