The Forever Tenant

Registered with Property118.com
Tuesday 3rd September 2019


Latest Comments

Total Number of Property118 Comments: 124

The Forever Tenant

9:59 AM, 11th August 2021, About 2 months ago

Can deposit replacements ever be a win-win for landlords and tenants?

Speaking as a tenant, I will actively avoid a deposit replacement scheme.

Other than no longer needing to pay the entire deposit up front, I don't see any other benefit on the side of the tenant.

Effectively, what I am doing is paying a company to give them the authority to come after me legally. Any money I contribute to them is lost. If I am a perfect tenant, then I would lose nothing. So far in 25 years of renting I have lost £250 in deposit and that was mostly me feeling guilty about the garden getting overgrown.

So if someone can tell me why paying a monthly or annual subscription would be better, I am all ears.

Finally, I do have a suspicion that these may get mis-sold to tenants by tenancy agencies, causing a repayment situation similar to the PPI situation a few years back.... Read More

The Forever Tenant

12:50 PM, 22nd July 2021, About 2 months ago

Income to house price ratio climbs to 8.1 making PRS even more critical

Reply to the comment left by TheBiggerPicture at 22/07/2021 - 10:50
Are there mortgage lenders out there that offer a multiplier on both salaries?

One other thing to also consider, is that the salary amount they have used is the average, which is skewed upward considerably by the extreme high earners. The median is several thousand pounds lower.... Read More

The Forever Tenant

8:26 AM, 2nd June 2021, About 4 months ago

Generation Rent wants the Government to force landlords to accept more risk

Rents couldn't double.

I've found that agency's at least want 30x annual salary to monthly rent. So for rents of £1,000pm that's £30,000 a year. After tax this translates to to around £1,900 a month.

When you consider electricity, gas, council tax, etc there's not a lot left for the rent.

Increase rents too much and I absolutely believe that the government will step in to reduce the biggest outgoing.... Read More

The Forever Tenant

12:06 PM, 1st June 2021, About 4 months ago

Law Society unsurprisingly cautions against replacing legal advice with mediation

Reply to the comment left by Chris @ Possession Friend at 01/06/2021 - 11:34
Honestly, legal aid pays a pittance. You will not find solicitors getting rich from legal aid cases.

Often they go out of their way to avoid them, they pay that little.... Read More

The Forever Tenant

11:34 AM, 1st June 2021, About 4 months ago

Am I being unfair turning down compensation request?

I think it would depend. We would need more information in order to determine whether their request is justified.
The first thing would be to find out over how long has this taken place? Have you been able to rectify everything in 1-2 weeks or has this been going on for a few months? Are all the repairs and boiler installation complete now or is anything outstanding.
Are any of the rooms unusable at present or for some time while the repairs were taking place? Have there been repairs to the room? Did the tenants need to move out while repairs took place?

What do they want compensation for?

Its the answers to questions like these that would say whether compensation request may be legitimate.... Read More