moneymanager

Registered with Property118.com
Saturday 24th February 2018


Latest Comments

Total Number of Property118 Comments: 151

moneymanager

11:08 AM, 30th March 2021
About 2 weeks ago

One member of RTM not paying critical bill?

Right out of the gate " leaving one leaseholder yet to join the RTM." is a concern, it shouldn't be possible for a purchaser to complete on a transfer without the consent of the RTM or their agent, this is usually done post completion but prior to the filing with Land Registry and without which RTM's (or prior that the freeholder's) consent, Land Registry will be precluded from completing the transfer.

The above usually goes hand in hand with Covenent of Compliance to all the terms of the lease.... Read More

moneymanager

12:47 PM, 13th March 2021
About 4 weeks ago

Eviction ban extended to 31st May

My problem isn't non paying tenants, it's government policy induced and enforced voids, the near closure of the physical presence of students and the prolonged work from home (together with emplyment fragility) as seen virtually no enquiries and this is not a price thing, there are some real bargains to be had. Received zero financial support other than debt deferral (tks for nothing), was even turned down for a local Additional Discretionary Grant Scheme and elicited that the Council had actively decided not to support residential landlords, Airbnb or holiday lets, the latter two of course have other tax treatments and may well qualify for SSEIS.... Read More

moneymanager

12:03 PM, 12th March 2021
About a month ago

Can I complete replacement electrical work as a landlord?

"Can a landlord", can anyone?

https://www.warwickdc.gov.uk/info/20375/building_regulations/1140/renovating_your_home/9

"All NEW electrical work must comply with Part P of the Building Regulations which restricts DIY electrical work on grounds of safety. However, you are still allowed to carry out some work yourself without notifying Building Control. Minor repairs and maintenance are permitted, as well as ‘like for like’ replacements, such as changing existing sockets, switches and ceiling pendants or even replacing damaged cables. As long as the job isn’t within a ‘special location’ such as a bathroom or outdoors, you’re also allowed to install additional new light fittings, switches, sockets and even add a single fused spur to an existing circuit (a ‘spur’ is a new cable and socket run as a branch from an existing socket on the ring main)."

I don't know of any further restrictions on landlordes but am prepared to beproved wrong.... Read More

moneymanager

11:36 AM, 10th March 2021
About a month ago

New strategy for Scotland’s rented sector

"“In the private rented sector", reading the Minister's statements and their totally imbalanced nature, suggests there will be no private sector other than the provider of the capital asset, the PRS will simply be an arm of the executive.... Read More

moneymanager

14:33 PM, 8th March 2021
About a month ago

Sefton entraps Hotel Landlord into providing Free Emergency Accommodation to their Homeless

Reply to the comment left by at 08/03/2021 - 13:02
"The contract would have been with the local council and they would have been paying for the rooms as any customer would have and this is therefore a commercial transaction and nothing to do with licensing/ HMO regulations."

A very good point, all too often situations arrive at the conclusion of "Z" but from "B" rather than actually going back to A, it would be enlightening to know the contractual relationship in this case as well as what shared kitchen, bathroom or toilet facilities there were, perhaps that last but even that would be restricted to the ground floor, barking up the wrong tree in MHO.... Read More