Give small landlords a break?

Give small landlords a break?

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9:39 AM, 5th February 2025, 1 year ago 12

Hello, I rent out one property, and a significant number of other landlords do the same. The rental from this property is my only income since I am retired.

It was an investment, but it also provided a home for somebody else which is more than you can say of most investments.

It has always rented because it is in the centre of London and people there are not necessarily long term so they don’t want to buy.

Under current regulations, it has to be kept to a higher standard than my own home can be. I have always been able to evict a tenant if they don’t pay their rent or cause a ‘nuisance’ before now.

If the Renters’ Rights Bill goes through I will have to go through the courts to evict and the courts are already clogged up. Also, it will be hugely expensive.

I can sell and buy another property for rental abroad, but this leaves the private rental market in the UK, which is in huge demand, losing their stock.

I think the landlords the Government seeks to target are people with multiple properties given over to ‘social housing’ which are not well maintained.

The Bill is far too wide-spread. Not all small landlords are ‘slum’ landlords!

Who understands that?

Thank you,

Rachel


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Comments

  • Member Since February 2021 - Comments: 6

    9:54 PM, 6th February 2025, About 1 year ago

    Nobody seems to be addressing my main issue, which is why we landlords need to go through the courts to evict a ‘bad’ tenant. A bad tenant is one who does not pay their rental or their bills and/or trashes the place and causes harrassment to neighbours. There has to be a law that allows landlords to evict, once having given notice, if this evidence is in place. If you go through the courts the only people who win are the lawyers.

  • Member Since March 2023 - Comments: 1506

    8:12 AM, 7th February 2025, About 1 year ago

    Yes, the RRB will cause pain for many Landlords now. The landscape is changing and for those with 1 or 2 properties life may get hard.

    The days of buying 1 property for your pension are over (I started that way but eventually bought 18, now have 6)

    You need at least 5 or 6 properties now as if one tenant stops paying rent you might just have enough income from the other 4 /5 to keep you going.

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