P R Sims

Registered with Property118.com
Sunday 9th March 2014


Latest Comments

Total Number of Property118 Comments: 5

P R Sims

20:37 PM, 2nd June 2015, About 6 years ago

I said no dogs, now they want one offering more rent, but I can't increase it for a year!

I've decided to allow the tenants to have 1 dog, (maybe I'm too soft) They will be signing an addendum to the AST agreement, the deposit will now be £3000 instead of £800 and the rent increased by £25, that's how keen they are to have a dog!

BTW the property is a freehold house not a flat

My thinking is that it's more likely they will stay long term. The Agent did an inspection after 1 month and reported the property was very clean and tidy. They will be doing inspections every 3 months and I won't be getting directly involved with the tenants. I have been moving away from managing properties myself as I am one of those that get too friendly with the tenants instead of being professional as has been alluded to earlier.

Thanks everyone for your views and advice.... Read More

P R Sims

20:17 PM, 29th May 2015, About 6 years ago

I said no dogs, now they want one offering more rent, but I can't increase it for a year!

Thanks for all the suggestions. I had fully refurbished the property prior to the tenants moving in and with new carpets, so wasn't too keen on a dog undoing all my hard work and expense.

The tenancy agreement states the term, one year, and the amount of rent so I wouldn't have thought that could be amended. A new tenancy may be the way to go.

However, the tenants needed a guarantor as their income wasn't sufficient. It's surprising they can afford a large deposit and pay extra rent. The agent is concerned that increasing the rent may invalidate the contract signed by the guarantor.... Read More

P R Sims

19:51 PM, 17th April 2015, About 6 years ago

Council to reassess my tenants Housing Benefit but they are taking forever. Help

Thanks for all your comments. I emailed the council a few days ago , before I posted here, I'll wait for their response before I act on your suggestions... Read More

P R Sims

21:04 PM, 27th April 2014, About 7 years ago

Avoid CGT by adding spouse to deeds?

Reply to the comment left by "Mark Alexander" at "05/02/2014 - 09:15":

Hi Mark
I added my wife as joint owner of a BTL property a few years ago. I bought the property for around £60K, when I added her to the deeds it was worth around £120K, it's now worth around £130K. If we sold it now do you know how we would would stand regarding CGT, or is this a situation I'd need a tax accountant for?

Peter... Read More

P R Sims

23:22 PM, 13th March 2014, About 7 years ago

Property118 Members vs West Bromwich Mortgage Company

Hi everyone,
I'm a new member to the forum, although I've been following the campaign for a while. I think we're all fed up with financial institutions trying to rip off their own customers, so I'm very happy to join the fight against the West Brom. My cheque will be in the post in the morning.

Peter

PS
Many thanks to Mark Alexander for his hard work in leading the campaign

I... Read More