9:53 AM, 8th April 2022, About 2 years ago 8
With Selective Licencing now coming to Birmingham I have been trying to get a grip on what this means financially by reading other landlords’ experiences/demands by councils to achieve certain requirements.
Has anyone managed to get a ball park figure of what it has cost them to ‘upgrade’ a standard property to tick all the boxes required for Selective Licencing in their area? Can someone provide some examples please?
How do you then work out how this equates to what a rent increase will need to be?
Do you spread the works over the length of the licence period (over 5 years) or do you calculate it over 7 years or longer to work out a monthly increase?
Any help very welcome
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