Robert Taylor

Registered with Property118.com
Tuesday 3rd December 2013

Insures properties through a broker recommended by Property118
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Latest Comments

Total Number of Property118 Comments: 15

Robert Taylor

12:14 PM, 23rd October 2018
About A year ago

Private rent to buy agreement?

This type of agreement falls in to the category of a lease with the option to buy commonly known as a lease option.
The best person to contact regarding the setting up of such an agreement is Shimon Rudich of MS Law see:
https://ms-law.co.uk
Shimon is likely to give you some free advice on how it would work and can then complete all the legal work for you.... Read More

Robert Taylor

9:18 AM, 17th October 2018
About A year ago

Proposal to make BTL a time limited offer - Feedback request

I agree with all of the comments above. This scheme is not thought out and would not solve any problems.
Some accidental landlords would be encouraged to sell but if it resulted in mass selling of rental properties, the knock on effect would drive down prices and unstabilise the market.... Read More

Robert Taylor

12:06 PM, 8th February 2017
About 3 years ago

Possible exit strategy by transferring beneficial interest

Reply to the comment left by "Mark Alexander" at "08/02/2017 - 09:57":

Thanks Mark for a very comprehensive reply. Personally, being a classic car fanatic, I might find Malta rather restrictive in allowing me to follow my hobby.

You mention using a Declaration of Trust to change the percentage of ownership when the property is held by husband & wife as Tenants in Common. So this could be 1% husband and 99% wife, but could beneficial ownership be completely transfered i.e. 0% husband and 100% wife?

Could this also be used for 2 non related people or does Capital Gains tax then become payable?... Read More

Robert Taylor

10:03 AM, 6th September 2016
About 4 years ago

No next of Kin - what do I now do with contents?

My understanding is that you can empty the contents of the flat but need to store them for a period (I believe 2 months) in case somebody makes a claim on them. From what you say, there is very little value in the furniture but it may be a different matter with personal belongings.

If it was my property I would photograph the furniture and make a list of the items and then dispose of them. If somebody makes a claim within the 2 months then you may have to pay compensation but this is not likely to be very much and would be offset by the fact that you have been able to relet the flat.

With personal belongings which may have a sentimental value, I would store these for a minimum of 2 months and perhaps longer as they are not likely to be too bulky and you could then pass them over if somebody proves they have a claim to them.... Read More

Robert Taylor

12:08 PM, 30th March 2016
About 4 years ago

Accidental landlord needs help

It is best to charge rent per calender month as it is easier to keep track of payments.
As you are new to letting property you should as a minimum ask the letting agent to provide a tenant find service for you which will cover most of your questions for you. I suggest you check on Rightmove to see what similar properties are being offered for rent in the area and make a note of the letting agents and then ring them up to find out what they charge and what is included in their tenant find service. They may try to persuade you to take their full management service which includes collecting the rent and dealing with maintenance issues but if you consider this check out LettingSupermarket.com on this website.
If you do not want the stove to be used by the tenants, this can be written in to the tenancy agreement but you may also need to see if the stove can be disabled.... Read More