Nick Faulkner

Registered with Property118.com
Tuesday 24th September 2013


Latest Comments

Total Number of Property118 Comments: 30

Nick Faulkner

10:07 AM, 26th October 2020
About 2 days ago

To charge or not to charge?

Reply to the comment left by Jan Martin at 26/10/2020 - 09:01
Legally Jan Martin you may be right but Paul Maguire and I agree.....and I have been a landlord for over 40 years it is not worth the hassle. Too much stress for too little reward....you would be flogging a dead horse. In theory you would be doing us (we landlords) a favour by reminding tenants they should not disregard their legal obligations they undertook when signing the lease but if they have not got any money you are wasting your time especially while the government are increasing notice periods and trying to dump the problems of homeless on private landlords. Cheer up you still own the property which gives you opportunities in the future.... Read More

Nick Faulkner

12:00 PM, 20th October 2020
About A week ago

To charge or not to charge?

I am sure that Paul Maguire's suggestion is the correct one.Legally you may have right to pursue her and perhaps in the end you may get some of the money due back.But what is sure if you go down that route there will be heartache and hassle for both of you. You have to face the fact you are in a no-win situation and getting out with the least stress will be the most beneficial to you. You will have the moral high ground and the goodwill, for what it is worth, of your former tenant....you can't win so follow the old show business motto "leave 'em laughing"... Read More

Nick Faulkner

14:24 PM, 27th February 2020
About 8 months ago

If Students don't provide proof I'll have to pay Council Tax?

Reply to the comment left by Alex McGuinness at 27/02/2020 - 10:14I am not quite sure what you are making a fuss about. Having been a student landlord for over 35 years i am well used to this situation. HMO landlords are liable for the CT on their houses. However this can be mitigated if the tenant can prove he is a student. As evidence of this his college should provide an "Exemption Certificate" Locally one university notifies the City Council of their students and the process is done automatically. Should,however ,one of the" students" not be registered the council will come after us for the Council Tax. In our tenancy agreements we make it quite clear we pay all bills except CT. Actually our liability to pay the CT does not change but we make it clear that if there is no Exemption Certificate we will expect the tenant to pay us and we will pay the Council. The other university issues their students with these certificates which they should hand to us or our agents. Obviously we get several every year saying they have not received them or have lost them. We find that when they ,the individual student, is presented with the CT bill for the whole house he /she suddenly "finds" the certificate. These certificates are an essential part of the process and have been for several years as has the requirement of landlords to be responsible for CT payments for HMOs. If this simple process is too difficult for a landlord to understand he is probably in the wrong job and should leave the business those who do understand the requirements of the law.... Read More

Nick Faulkner

13:03 PM, 7th August 2019
About A year ago

If Students don't provide proof I'll have to pay Council Tax?

Mr B2L
I think if half the rooms are let to exempt students and half are empty CT is not payable....after all nobody tells you how many student you must house. Therefore if all tenants paying are exempt effectively the house is exempt.
We have a house (registered HMO) with one non-exempt person and four exempt.The non-exempt person pays CT with a 25% reduction for single person occupancy ....so she is paying 75% of the total CT for the house....and seems quite happy about it as she has just renewed her tenancy for the third year... Read More

Nick Faulkner

11:45 AM, 7th August 2019
About A year ago

If Students don't provide proof I'll have to pay Council Tax?

Reply to the comment left by Freda Blogs at 07/08/2019 - 11:14There are problems with "joint & several " agreements for students.While I have been a student landlord for decades and enjoy most of my student tenants they can be a bit flakey.... they get homesick, dislike the others on their course or in their house, they can't hack the work ....for whatever reason one or two drop out. A J&S agreement then requires the other tenants to pay their departed colleague's rent until they can find a replacement . If the system worked as it should the landlord is protected...he gets his rent.
However it does not work as it should. Students are generally poor financial managers and can barely cope with their own rent let alone having enough to pay the rent of the person who has dropped out. Therefore several years ago we ceased to use J&S contracts. The hassles involved in chasing the lost rent were rarely successful and usually involved upsetting the remaining,perhaps excellent, tenants.
So we issue individual agreements. This, of course, brings other problems because it creates an HMO even if it is a non-registerable one. ....and the liability for Council Tax falls on the landlord. One has therefore be careful to word the agreement to ensure the tenant student is aware that he may be liable for CT if he drops out or leave the tenancy.
Some colleges have an arrangement with the council to automatically notify the council of their students. Others do not so you then have to chase the students for their Council Tax Exemption forms. When you point out the danger of therm having to pay several hundred pound of the tax it usually concentrates their minds PDQ.... Read More