Londoner 43

Registered with Property118.com
Saturday 24th May 2014


Latest Comments

Total Number of Property118 Comments: 30

Londoner 43

14:28 PM, 29th June 2018
About 2 years ago

Help! I can't find a suitable short let tenancy agreement.

Reply to the comment left by O Green at 29/06/2018 - 12:18
In London, there are people who need short lets, perhaps because they come here to work for a short period. My first tenants waited to moved to their new property, but the completion was delayed. The other two tenancies were company lets for employees who needed short-term accommodation. In London, some boroughs do not allow Short Let tenancies. Unfortunately the agents do not always do their job properly. I had to book and pay for checking in and checking out (with the company I had used for 12 years). It was the inventory clerk that found my flat in a total mess, although the tenants had agreed to have it cleaned. Usually a deposit of at least one's month's rent is paid, so the agent deducted the cost of professional cleaning from the deposit.... Read More

Londoner 43

12:04 PM, 29th June 2018
About 2 years ago

Help! I can't find a suitable short let tenancy agreement.

I had SHORT LETS in my property in London through the estate/letting agent Foxtons. (Other London agents also offer them.) I was planning to move into my property after selling my previous home, but the sale fell through at the last moment, and it took 12 months to complete the sale. The problem for you is that these kinds of short lets are usually for fully furnished accommodation., so it would not work for you. I had let out my flat to AST tenants for 12 years, so that was not a problem.

My very first tenants stayed only for one month and left the flat in a terrible mess, as the agent had not checked it after the tenants departed. I was abroad at the time, but the agent organised cleaning on the day the new tenants moved in. The second tenants stayed for 3 months, but had brought electric fans to cool the flat, and run up a very high electricity bill. I could not take AST tenants, as I had a new offer on my home fairly soon, but it also fell through. (This was in 2016, with the results of the Brexit voting causing a lot of problems.) I could not afford to leave the flat empty for 12 months, as the service charge, etc. costs are quite high. It was an awful lot of hassle, though. Usually, the agent takes at least 30% of the Short Let rent as their fee, and charge for everything they do.... Read More

Londoner 43

0:08 AM, 19th January 2018
About 3 years ago

3% Stamp Duty surcharge if gifting property to son who owns home in Spain?

Reply to the comment left by Charles de Lastic at 17/01/2018 - 11:13
Thanks. I am aware that it takes 7 years for a gift to be totally outside my estate, but perhaps I don't quite understand how the taper relief works. Even a small flat in a decent area of London will cost more than £325,000, so some taper relief would be due. As my total estate will be in excess of 1 million, I clearly need good advice regarding inheritance tax. (There is no risk of my son divorcing, as he is not married. He will be 50 this year and has told me that he will definitely have a pre-nuptial agreement, should he ever get married.)... Read More

Londoner 43

23:56 PM, 18th January 2018
About 3 years ago

Londoner 43

13:16 PM, 17th May 2015
About 6 years ago

Nasty Estate Agent Fees and Terms and Conditions

No reputable London letting agent would agree to find tenants and manage the property for 8% plus VAT. The usual fees are 9-11% plus VAT for just finding tenants. Did you not check with several agents before you decided on this one? As Mark said, this is clearly a con artist and you should take legal representation in order to minimise your losses.... Read More