ilc72

Registered with Property118.com
Thursday 16th January 2014

Location
Hampshire

Trading Status
Partnership

Number of rental properties owned
0 - 5

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 31

ilc72

15:46 PM, 28th February 2018
About A year ago

What is the 'remaining term' of a periodic tenancy?

Reply to the comment left by Andre Gysler at 28/02/2018 - 11:47
Hi Andre

You can email them to me at:
info@selborneproperty.co.uk

Sounds good about meeting up as it maybe an opportunity to work together at some point.

My properties are all in Farnborough and let to businesses through a Company Let Agreement.

We manage our own properties, we’ve tried letting via Agents and but have had such bad experiences in the past including a local Agent that illegally sublet our property.

Once you have things setup and have a good backup team of tradesman it’s easy to keep tenants happy.... Read More

ilc72

11:01 AM, 28th February 2018
About A year ago

What is the 'remaining term' of a periodic tenancy?

Hi Andre

Has the relevant agreements from which you are trying to exit run for 12-months or more? If so, has a new tenancy agreement been signed?

If they have run for more than 12-months without a signed extension then you’d be looking at two-months fees.

It would be helpful if you enclosed the Terms of Business referenced in the post.

Finally, if you’d like to meet up with another local landlord then I’m based in Farnborough.... Read More

ilc72

16:16 PM, 22nd February 2018
About A year ago

Flats instead of money back

Reply to the comment left by Neil Patterson at 22/02/2018 - 09:49
I suspect that by buying six units they are hoping to avoid SDLT if purchased in one transaction.

Non-residential Property rates

The SDLT regime for non-residential and mixed use property changed to a banding system on 17 March 2016.

Non-residential property includes:

Commercial property such as shops or offices
Agricultural land
Forests
Any other land or property which is not used as a dwelling
Six or more residential properties bought in a single transaction
A mixed use property is one that incorporates both residential and non-residential elements.
The new rates are as follows:

Band: market price £

Non-residential
0-150,000 0%
150,001 - 250,000 2%
Over 250,000 5%

I’m guessing he feels that it would be beneficial for SDLT to use this method rather than the conventional tables that three flats would take.... Read More

ilc72

16:42 PM, 31st December 2017
About 2 years ago

Management Company won't allow Periodic Tenancies?

On one of my properties the Freeholder put similar stipulations in the Lease Agreements.

During the purchase my solicitor pointed this out, when questioned about the rationale and legality of the restrictions, the Freeholder backed down and issued a side letter allowing tenancies up to five years as long as there was a break clause after three years.

Even more ridiculous was the restrictions aimed at curtailing subletting. Another part of the Freeholders business is short term lets. Just when you think it can get any worse I have re-let the property to the Freeholder for the past five years on the basis of them using it for short term let’s!... Read More

ilc72

16:42 PM, 21st July 2017
About 2 years ago

Is BTL now only viable as a retirement plan?

Reply to the comment left by "Nick Thompson" at "21/07/2017 - 16:33":

Hi Nick

If you're interested in learning more always willing to talk to fellow landlords, it's always good as you learn a lot.

Regards Ian... Read More