michaelwgroves

Registered with Property118.com
Sunday 30th October 2016

Location
Kent

Trading Status
Company

Providing essential rental accommodation since
2010

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 38

michaelwgroves

9:05 AM, 13th June 2020
About 2 months ago

Rent to Rent lease termination?

Thanks for your comments.... Read More

michaelwgroves

15:26 PM, 6th June 2020
About 2 months ago

Rent to Rent lease termination?

Reply to the comment left by Giles Peaker at 05/06/2020 - 21:23Thank you for your comments; The lease is actually a 'Short Life Project (Whole Property) Lease' But I used 'Rent to Rent' in the title as the term is more widely known and might get more traction. I wonder if this type of lease is indicative of anything? I've looked this up but can't find anything.
The lease is almost silent on expiry, but does comment "At the determination of the Term (howsoever the same may be determined) the Tenant shall quietly yield up the Demised Premises............."
Otherwise, the lease is completely silent.
As the lease is silent on expiry, what is the default position with sub tenants?... Read More

michaelwgroves

20:30 PM, 15th May 2020
About 3 months ago

Exorbitant Insurance charged by freeholder who may gain commission?

Reply to the comment left by BernieW at 15/05/2020 - 13:28
Is there a formal way to request information about commission received?... Read More

michaelwgroves

11:26 AM, 24th March 2020
About 4 months ago

Spouse Property transfers and SDLT?

I've just spoke to HMRC SDLT department, they have confirmed as the mortgage is already in joint names, amending legal ownership does not give rise to SDLT as both parties are already jointly liable for mortgage. No debt is transferred.
If however spouse was not previously named on mortgage this would give rise to SDLT.... Read More

michaelwgroves

20:59 PM, 18th March 2020
About 5 months ago

Spouse Property transfers and SDLT?

Reply to the comment left by Seething Landlord at 17/03/2020 - 19:56
Sorry yes, I got that back to front. It is currently tenants in common. So question is if I change to joint tenants is SDLT still payable as we would be jointly liable for mortgage. Although having said that, even though currently tenants in common, I’m sure we are still both jointly liable for mortgage.
So maybe SDLT is only payable depending on mortgage conditions?... Read More