Local council is offering to lease my flats?
5 years ago | 19 comments
Anyone leased a property to a council under a five-year lease?
12:01 AM, 25th July 2023, 3 years ago
14
Hello, has anyone leased a property to a council under a five-year lease and had any problems getting it back? Is it considered a business tenancy and therefore it’s advisable to opt out of the 1954 Landlord and Tenant Act?
I am also not concerned about a mortgage and lenders not approving anything other than an AST. So please no comments on these areas.
I can imagine the sort of people the council may house in properties.
Thanks,
Stuart
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Member Since January 2023 - Comments: 2
6:46 AM, 12th August 2023, About 3 years ago
Yes Nick I did get the property back,but would not do it again, I have now re-let to a private tenant who I have vetted, after 12 months no problems rent always paid on time and most importent the place is being looked after.
Member Since June 2023 - Comments: 5
7:58 AM, 12th August 2023, About 3 years ago
Reply to the comment left by Nick Van Hoogstraten at 11/08/2023 – 22:13
I have appointment on 15/08. Can update you after
Member Since February 2023 - Comments: 43
10:25 AM, 3rd March 2024, About 2 years ago
Reply to the comment left by Jules Azeez at 12/08/2023 – 07:58
Hi Jules, please can you let me know how your interview went? Many thanks. Stuart
Member Since March 2023 - Comments: 1506
9:56 AM, 4th March 2024, About 2 years ago
I have been looking at some of these ads on Facebook for long term leases (not that I am interested in doing it). On checking the accounts on compamies house (its free to do) the company has assets of less than £20K and less than £10K in the bank. Would you trust a company with that kind of balance sheet. Investor beware !