11:37 AM, 19th April 2022, About 2 years ago 25
The repeal of Section 21 is a game-changer and I`d like to know how other landlords are planning to deal with it. I`m not talking about the reasons for evicting a tenant which are in the current Section 8, but situations such as retirement, a wish to leave the problems behind, realising the equity etc – basically where a landlord WISHES (why can`t we just do as we want with OUR property? Oh for the old days) to sell and it has nothing to do with the tenant.
I know that selling up MAY be a recognised reason for eviction, but in my mind, it is a doubtful one that will almost certainly require us jumping through many hoops, and even then will depend on which side of the bed the judge got out of that day or what he had for breakfast.
Some of my properties have tenants who are decent people and would very likely leave if I wanted vacant possession, without being awkward or going to court. But there`s always one, or a girlfriend who says “But you don`t need to move darling,” or one who has no money and wants to be paid to leave.
So two answers are decent tenants and paying – but how much?
Paying to access our own equity…..sounds crazy, doesn`t it?
Any other ideas?