1. Making a girlfriend a joint tenant does you no favours. If anything, it might only complicate matters if you wish to evict him/her. 2. She may not even be a serious long term partner. I don't think you have...
This is precisely why the initial rent should never be discounted and should be set high (at least market rate or higher) so that future tribunals can't challenge it. Tribunals can only challenge increases, not the initial rate.
References from a tenants current landlord are not worth anything to a prospective landlord. The chances are that any landlord would want a problem tenant out of their property, so a glowing reference may just be a means to achieve...
This is why all landlords should be increasing rent in line annually (even if modest), rather than leaving it to accumulate. The tribunals don't care that you as a landlord had effectively discounted the rent in previous years by not...
If it wasnt for the fortunate position of having very good tenants in my property, I would have definitely sold out months ago. But the moment they do leave, I will look to sell (probably 1-2 years away at least)....
I have never heard of landlords charging to view a property. Personally, I would not do that, and I can't see why that's an acceptable practice. Are there expenses involved just to view? I'm all for a charter as long...
Reply to the comment left by Mick Roberts at 25/02/2023 - 07:05Strange that you would blame Corbyn when he was never in the actual Government, but it was the Tories for the past TWELVE years who implemented all of the...
Call for an energy price freeze because "energy companies can afford it". Won't ever read that headline, will we, despite the BILLIONS posted in actual net profit! But somehow individual, small landlords - many with mortgages with recent interest rate...
If I was exposed to higher risk such as a higher LTV or a troublesome tenant, then I absolutely would look to sell given the Rental Reforms coming into force soon. Would not be too difficult to sell in a...
The response from the Government is disingenuous and pathetic. They talk about imposing a fair and equal tax deduction for both basic rate and higher rate taxpayers. If fairness had anything to do with it, then why don't ensure parity...
Reply to the comment left by Troubled landlord at 23/12/2022 - 11:43It sounds like the new conveyancing firm took your statement as fact and then didnt bother to look beyond the 99:1 beneficial ownership claim, but I still find it...
1. The trust determines the beneficial interest and it is the beneficial interest that determines the rental tax or CGT liability. If the beneficial interest was set at 99:1 and this was shared with HMRC, then HMRC will probably take...
I'm not an accountant but I'm pretty sure your income is not dependent on what the agent takes from the tenant per se, but rather what you EARN from the property less costs/expenses. Either you report your earnings as "rent...
This is utterly stupid. The increase in energy costs was not factored into any all-inclusive tenancy agreement prior to 2022, which means the tenant has not incurred any of the extortionate increases in energy cost. The energy rebate should be...
If the energy "price freeze" is supposed to act as a precedent for rent control, then what the Government needs to do is step in and make up the difference between the cost of providing rental accommodation and the rental...
The general rule is that cost of repair is a revenue expenditure, but improvement and alteration are treated as capital costs. Since it wasnt a repair and the fire break wall didnt already exist, then my guess is that its...
Its a reasonable request from your tenant and I would advise accommodating this. In the event of a fire and smoke, they may not be able to find a key and will need to get out fast. It's not going...
It's a shame this bad tenant has forced you out of the private rental sector. Still many good tenants out there. I would suggest you find a good tenant rather than sell, as both the rental rates and value of...
This ruling makes sense. While I completely agree that gas safety checks must be conducted and certificates provided, I would also argue that the lack of a gas safety certificate should have no relevance to the repossession or eviction process....
HMRC guidance states that loan fees and any incidental costs in obtaining finance for a rental property are deductible. Isnt this what a product fee is? PIM2105 - Deductions: main types of expense: fees for loan finance and similar items...
30th January 2026, 2 months ago
1. Making a girlfriend a joint tenant does you no favours. If anything, it might only complicate matters if you wish to evict him/her. 2. She may not even be a serious long term partner. I don't think you have...
Read More →26th January 2026, 2 months ago
This is precisely why the initial rent should never be discounted and should be set high (at least market rate or higher) so that future tribunals can't challenge it. Tribunals can only challenge increases, not the initial rate.
Read More →20th October 2025, 6 months ago
References from a tenants current landlord are not worth anything to a prospective landlord. The chances are that any landlord would want a problem tenant out of their property, so a glowing reference may just be a means to achieve...
Read More →29th September 2025, 6 months ago
This is why all landlords should be increasing rent in line annually (even if modest), rather than leaving it to accumulate. The tribunals don't care that you as a landlord had effectively discounted the rent in previous years by not...
Read More →19th May 2023, 3 years ago
If it wasnt for the fortunate position of having very good tenants in my property, I would have definitely sold out months ago. But the moment they do leave, I will look to sell (probably 1-2 years away at least)....
Read More →3rd April 2023, 3 years ago
I have never heard of landlords charging to view a property. Personally, I would not do that, and I can't see why that's an acceptable practice. Are there expenses involved just to view? I'm all for a charter as long...
Read More →Reply to comment left by Mick Roberts at 25/02/2023 - 07:05
Reply to the comment left by Mick Roberts at 25/02/2023 - 07:05Strange that you would blame Corbyn when he was never in the actual Government, but it was the Tories for the past TWELVE years who implemented all of the...
Read More →25th February 2023, 3 years ago
Call for an energy price freeze because "energy companies can afford it". Won't ever read that headline, will we, despite the BILLIONS posted in actual net profit! But somehow individual, small landlords - many with mortgages with recent interest rate...
Read More →8th February 2023, 3 years ago
If I was exposed to higher risk such as a higher LTV or a troublesome tenant, then I absolutely would look to sell given the Rental Reforms coming into force soon. Would not be too difficult to sell in a...
Read More →19th January 2023, 3 years ago
The response from the Government is disingenuous and pathetic. They talk about imposing a fair and equal tax deduction for both basic rate and higher rate taxpayers. If fairness had anything to do with it, then why don't ensure parity...
Read More →Reply to comment left by David Sheppard at 23/12/2022 - 11:43
Reply to the comment left by Troubled landlord at 23/12/2022 - 11:43It sounds like the new conveyancing firm took your statement as fact and then didnt bother to look beyond the 99:1 beneficial ownership claim, but I still find it...
Read More →23rd December 2022, 3 years ago
1. The trust determines the beneficial interest and it is the beneficial interest that determines the rental tax or CGT liability. If the beneficial interest was set at 99:1 and this was shared with HMRC, then HMRC will probably take...
Read More →18th October 2022, 3 years ago
I'm not an accountant but I'm pretty sure your income is not dependent on what the agent takes from the tenant per se, but rather what you EARN from the property less costs/expenses. Either you report your earnings as "rent...
Read More →22nd September 2022, 4 years ago
This is utterly stupid. The increase in energy costs was not factored into any all-inclusive tenancy agreement prior to 2022, which means the tenant has not incurred any of the extortionate increases in energy cost. The energy rebate should be...
Read More →16th September 2022, 4 years ago
If the energy "price freeze" is supposed to act as a precedent for rent control, then what the Government needs to do is step in and make up the difference between the cost of providing rental accommodation and the rental...
Read More →15th September 2022, 4 years ago
The general rule is that cost of repair is a revenue expenditure, but improvement and alteration are treated as capital costs. Since it wasnt a repair and the fire break wall didnt already exist, then my guess is that its...
Read More →8th September 2022, 4 years ago
Its a reasonable request from your tenant and I would advise accommodating this. In the event of a fire and smoke, they may not be able to find a key and will need to get out fast. It's not going...
Read More →24th May 2022, 4 years ago
It's a shame this bad tenant has forced you out of the private rental sector. Still many good tenants out there. I would suggest you find a good tenant rather than sell, as both the rental rates and value of...
Read More →14th April 2022, 4 years ago
This ruling makes sense. While I completely agree that gas safety checks must be conducted and certificates provided, I would also argue that the lack of a gas safety certificate should have no relevance to the repossession or eviction process....
Read More →4th January 2022, 4 years ago
HMRC guidance states that loan fees and any incidental costs in obtaining finance for a rental property are deductible. Isnt this what a product fee is? PIM2105 - Deductions: main types of expense: fees for loan finance and similar items...
Read More →