Shining Wit

Registered with Property118.com
Sunday 3rd November 2013


Latest Comments

Total Number of Property118 Comments: 16

Shining Wit

12:21 PM, 30th December 2017
About 11 months ago

Management Company won't allow Periodic Tenancies?

Can anyone explain the difference between an underlease and a tenancy agreement - both mentioned in the lease clause 32.2.
For underleases, if the Landlord (Management Company?) requires it, there is an obligation to send a copy of the document(s) (and pay a fee for registration).
Does this also apply to tenancy agreements (which are listed separately at the start of clause 32.2, but not in the second part of the clause) ?
Is there a difference ?... Read More

Shining Wit

18:03 PM, 28th December 2017
About 11 months ago

Management Company won't allow Periodic Tenancies?

I think my next steps should be to try and get the management company to explain/justify why they do not consider the rollover contracts to be valid. I will also try to get them to justify the "reasonable-ness" of the £90 charge (when the lease states £65 and, on this matter, has no in-built indexation).
At the same time, I will press for a removal of the recently imposed"Annual Notice Of Subletting" fee (which isn't mentioned in the lease).

In the meantime, I'll dig further into the LEASE website, and collect evidence for a possible FTT application...

Thank-you to everyone who has taken the time to comment on this topic.

Regards
Dave... Read More

Shining Wit

21:53 PM, 21st December 2017
About 11 months ago

Management Company won't allow Periodic Tenancies?

Wow.
Thank-you to everyone who has responded. It has certainly given me a lot to think about.
I will respond again - when I have had a chance to digest the comments and suggestions received to date.
I have looked at the LAS website (see Neil’s initial post) – but can’t find any reference to the ‘new’ £40 limit. Please can anyone send me a more specific url – or search term – that I could use.
Many Thanks
Dave... Read More

Shining Wit

11:19 AM, 17th December 2017
About 11 months ago

Annual Notice of Subletting Fee £90+VAT without any communication?

I have exactly the same issue with Y&Y.
My lease mentions the same AST fee ('reasonable', but not less than £65+VAT) to register a new AST (no permission required for not more than 6 months AST).
Y&Y try to charge an annual fee (£90+VAT) - presumably because its easier to keep track of.
However, there is nothing in the lease about this charge.
Do you (want to) pay the AST fee - or would the annual fee be better?
I pay the AST REGISTRATION fee, but not the Annual charge - because that is what my lease requires.... Read More

Shining Wit

21:08 PM, 3rd August 2015
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "Jim S" at "03/08/2015 - 18:33":

I don't believe that you would (personally) get tax relief on a loan taken out for, say, jewellery or works of art..

You would pay CGT if/when you sold these possessions..

If you charged others to see/use these 'personal possessions' you would have to pay INCOME tax on that....

Obviously, it is a different set of rules, if the 'owner' is a company-house registered entity. In that case, the Company has a set of accounts, pays corporation tax, and any dividends paid have to be declared (as income) on the recipient's tax return.

On a related note, you only get PPR relief on your Primary residence - the exemption does not apply to second, or holiday homes.... Read More