Kevin Thomson

Registered with Property118.com
Saturday 28th December 2013


Latest Comments

Total Number of Property118 Comments: 60

Kevin Thomson

12:55 PM, 13th April 2020
About 8 months ago

Dangerous fog of liability to full rent during Covid-19?

I wonder if readers have a view on my situation?

I have flats where students have given their one month's notice (Scotland) to leave.

However, the 'lockdown' situation means one or two individuals remain in large flats. They will probably still be there after the end of their notice period due to the lockdown.

Would you dear readers be charging them rent, and if so, for the entire flat (in line with the joint and several lease) or just for their own room?

There's also the case of students who have left a flat but all their stuff is there. They say they can't get to the flat to empty it due to the lockdown. If they'd been organised they could have taken all their stuff with them when they left in the first place.

Would you follow the letter of the lease and charge these tenants in full? Also worth bearing in mind that I am likely facing many empty properties over the next few months. 'Underwater' in paying monthly overheads and that's before paying my own personal mortgage, bills, food for family. The letting income is our sole source of income.

Grateful for your views.... Read More

Kevin Thomson

18:00 PM, 10th March 2020
About 9 months ago

Corporate let turned into party central

Can you divulge the name of the corporate let company?

I've been approached by one. Tempting even though I know it is likely a very bad idea.... Read More

Kevin Thomson

12:33 PM, 13th May 2019
About 2 years ago

Average UK rent up 2% to £936 - Homelet

taken as a whole these figures conflict and make no sense....

'-The average rent in the UK is now £936, up by 2.0% on the same time last year

-When London is excluded, the average rent in the UK is now £775, this is up by 8% on last year

-Average rents in London are now £1,617, up by 8% on last year

-The region with the largest year-on-year increase is the South East, showing a 3.2% increase between March 2018 and March 2019'... Read More

Kevin Thomson

18:31 PM, 7th January 2019
About 2 years ago

Open ended tenancies and on the hook for start dates?

Reply to the comment left by AA at 07/01/2019 - 15:55
I've been renting per room in the region of £500-575 per month. But £600 per room is probably not far away, as you were saying with a 4 bedroom advertised at 2,400.

5 years ago I think my rooms averaged 400, some even 350.

to my mind rents have risen big time as soon as the SNP lease came on the horizon, and perhaps more importantly the prospect of rent controls, ie best put rents up now before you can't.

funny that the idea of rent controls has had the opposite effect of what was intended.... Read More

Kevin Thomson

12:40 PM, 7th January 2019
About 2 years ago

Open ended tenancies and on the hook for start dates?

Reply to the comment left by AA at 07/01/2019 - 11:20
landlords have been left to make their business decisions on 28 days notice.

student HMO businesses in particular will flounder in this environment. If student tenants are not willing to take up tenancies from 1st June then I will be switching to working people.... Read More