Mohammed Kadir, Author at Property118

Mohammed Kadir

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 →

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 →

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 →

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 →

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 →

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 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 →

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 →

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 →

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 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 →

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 →

Rent refund tax implications?

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 →

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 →

Rent Control Is Bad News

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 →

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 →

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 →

Landlord 1 – Shelter Nil

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 →

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 →

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 →

Mohammed Kadir

Mohammed Kadir


Registered with Property118.com

4th January 2022

Total Posts

0

Total Comments

20