Reply to the comment left by Mark Alexander at 28/02/2020 - 09:33The case and point was the Ramsay's were doing more than just the "passive" renting activities as defined by HMRC. They were cleaning common area, maintaining the grounds etc....
Standards rental properties in unremarkable areas priced competitively will rent as air bnb 's. There is a price taker at each level. The only question is it profitable to operate the air bnb at this price point.
I was going to post this case - it settles that it is reasonable for a landlord to ask for rent in advance if it can be shown that the intention was purely to pay rent. The Scottish legislation is...
One final question from me - might be slightly off-topic. If you had good tenants and you let them off with one months rent ( students ) say for the summer months. Can that good deed comeback and bite a...
Okay I stand corrected - apologies to both Ian's. Front loading is not allowed as OP has accidentally walked into. P26 point 3 of Permitted Payments does allow for rent payment upfront. Is the " first and last month" scenario...
What about "first months rent £840 followed by a rent of £420 pcm". Is this a disguised deposit.? The terms " disguised deposit" refers to acronyms like "holding bond" " or placement charge" or something more creative. Rent is rent...
Actually the more I think about it the more ludicrous it seems. Rent could be argued to be used to pay for damages a tenant may inflict on a property. Any monies retained or charged in lieu of such an...
Yup agree with Rob. This is someone you don't want anywhere near your property. I would be thinking this behaviour is to keep you away because ……….he is doing something illegal in the property. Growing a bit of weed perhaps.
Not realistic in the real world. Edinburgh and Glasgow are predominantly Victorian tenements , listed buildings , solid stone so they are what they are. This climate change hysteria is all b*******. When I was growing up all we ever...
The sell off is because the perceived abstract effect of s24 is no longer abstract, it is now real. We knew it was coming but as tax demands got bigger and more difficult to plug, holding out was just a...
Initial assertion is incorrect - that a rise in interest rate if labour get in. The only reason why there is inward foreign cash flow is the UK has a mature regulatory and legislative framework. The economy and more importantly...
I think the word you are looking for to describe the ICO is "Quango". On the application form where it asks "Do you have properties elsewhere" your response should be " Refer to land registry" "Are they licensed" your response...
I am great admirer of Mark in terms of the work he has done for the benefit of landlord ( you can sense a BUT coming ) ......BUT or HOWEVER ....I think you are wrong on this Mark. A rental...
From the description given I would bet that these developments will be ghettos within 10 years. The estates built in the 60's and 70's were well thought out , until they were populated. Our council has spent £millions face lifting...
Reply to comment left by Mark Alexander at 28/02/2020 - 09:33
Reply to the comment left by Mark Alexander at 28/02/2020 - 09:33The case and point was the Ramsay's were doing more than just the "passive" renting activities as defined by HMRC. They were cleaning common area, maintaining the grounds etc....
Read More →25th February 2020, 6 years ago
Standards rental properties in unremarkable areas priced competitively will rent as air bnb 's. There is a price taker at each level. The only question is it profitable to operate the air bnb at this price point.
Read More →25th February 2020, 6 years ago
..... Sigh. Just look North of the border to see what will visit the air bnb landlord in England. Licensing and planning consent.....
Read More →24th February 2020, 6 years ago
Wrong - I did not mean it that way. I meant when was racketeering a 2 way street?
Read More →24th February 2020, 6 years ago
Yes. It states licence. Fees are non- refundable. Like all licence fees paid to a council.
Read More →20th February 2020, 6 years ago
I was going to post this case - it settles that it is reasonable for a landlord to ask for rent in advance if it can be shown that the intention was purely to pay rent. The Scottish legislation is...
Read More →Reply to comment left by Ian Narbeth at 19/02/2020 - 15:52
Reply to the comment left by Ian Narbeth at 19/02/2020 - 15:52Has it to be zero ?
Read More →19th February 2020, 6 years ago
One final question from me - might be slightly off-topic. If you had good tenants and you let them off with one months rent ( students ) say for the summer months. Can that good deed comeback and bite a...
Read More →19th February 2020, 6 years ago
Okay I stand corrected - apologies to both Ian's. Front loading is not allowed as OP has accidentally walked into. P26 point 3 of Permitted Payments does allow for rent payment upfront. Is the " first and last month" scenario...
Read More →19th February 2020, 6 years ago
What about "first months rent £840 followed by a rent of £420 pcm". Is this a disguised deposit.? The terms " disguised deposit" refers to acronyms like "holding bond" " or placement charge" or something more creative. Rent is rent...
Read More →19th February 2020, 6 years ago
Actually the more I think about it the more ludicrous it seems. Rent could be argued to be used to pay for damages a tenant may inflict on a property. Any monies retained or charged in lieu of such an...
Read More →19th February 2020, 6 years ago
Perhaps the lease should have read " first and last months rent payable before entry" - that's pretty clear cut.
Read More →12th February 2020, 6 years ago
Yup agree with Rob. This is someone you don't want anywhere near your property. I would be thinking this behaviour is to keep you away because ……….he is doing something illegal in the property. Growing a bit of weed perhaps.
Read More →11th February 2020, 6 years ago
Not realistic in the real world. Edinburgh and Glasgow are predominantly Victorian tenements , listed buildings , solid stone so they are what they are. This climate change hysteria is all b*******. When I was growing up all we ever...
Read More →22nd December 2019, 6 years ago
The sell off is because the perceived abstract effect of s24 is no longer abstract, it is now real. We knew it was coming but as tax demands got bigger and more difficult to plug, holding out was just a...
Read More →1st December 2019, 6 years ago
Corporate waffle with syrup.
Read More →9th November 2019, 6 years ago
Initial assertion is incorrect - that a rise in interest rate if labour get in. The only reason why there is inward foreign cash flow is the UK has a mature regulatory and legislative framework. The economy and more importantly...
Read More →29th March 2019, 7 years ago
I think the word you are looking for to describe the ICO is "Quango". On the application form where it asks "Do you have properties elsewhere" your response should be " Refer to land registry" "Are they licensed" your response...
Read More →24th March 2019, 7 years ago
I am great admirer of Mark in terms of the work he has done for the benefit of landlord ( you can sense a BUT coming ) ......BUT or HOWEVER ....I think you are wrong on this Mark. A rental...
Read More →17th February 2019, 7 years ago
From the description given I would bet that these developments will be ghettos within 10 years. The estates built in the 60's and 70's were well thought out , until they were populated. Our council has spent £millions face lifting...
Read More →Showing 20 of 360 comments