user_17379

Registered with Property118.com
Thursday 13th September 2018


Latest Comments

Total Number of Property118 Comments: 14

michael@mjproperty.co.uk

15:01 PM, 2nd July 2020
About 5 days ago

Are two rent increases within a year possible?

Is there an economic reason for a further increase?... Read More

michael@mjproperty.co.uk

17:06 PM, 3rd June 2020
About a month ago

Penalised over CGT due to Government emergency rules?

Well you left that important piece of information out didn’t you. You can however appeal the payment as long as you can provide the evidence that exchange and completion were contracted to take place 3rd April 2020. Pretty sure your professional advisor is aware of this.
However assuming you don’t sell another property before 5-4-21 then you aren’t being penalised in CGT... Read More

michael@mjproperty.co.uk

14:41 PM, 3rd June 2020
About a month ago

Penalised over CGT due to Government emergency rules?

Whilst I understand the frustration this can cause- the CGT would have had to be paid either way, now you just do not get 6 months interest free. Probably for the best as its paid and finished with... Read More

michael@mjproperty.co.uk

14:30 PM, 19th May 2020
About 2 months ago

Citizens Advice say tenants should not be pressured to allow viewings

As the PRS has grown so much over the last 30 years this housing situation was never considered. With subsequent national governments, devolved governments and local authorities choosing to ignore the lack of social housing the PRS has absorbed the issue. However as we in the PRS view housing as a commodity and the general viewpoint of all the named authorities generally see housing as a right truthfully I cannot see how we can ever square the circle!
This will cause so much tension ( especially in the light of the Covid 19 crisis) some landlords will leave the sector but generally other landlords more often than not step in, so honestly I cannot see a long term solution. Authorities generally respond with over legislating when they cannot understand the problem and just want it to go away, however this one certainly wont!... Read More

michael@mjproperty.co.uk

17:25 PM, 16th March 2020
About 4 months ago

Tenants own business supplying lighting to large scale events?

We are going to deal with each individual tenant on a case by case basis. If they have no history of late payments or arrears then our approach would be to offer them a rent reduction of their choice with the balance to be repaid over the next 6 / 12 months.
We are also offering a tenancy surrender under certain circumstances but we are fortunate enough to have had the discussion with our main bank who have offered to extend our overdraft by 3 months rent income. Obviously this will be a last resort for us.
We will have to wait and see how this develops but we will have to try and work together with our tenants.
Our thoughts extend to all of you in these very difficult times, hope your families are well. Try and distance yourselves as much as possible!... Read More