Steven

Registered with Property118.com
Tuesday 17th December 2019


Latest Comments

Total Number of Property118 Comments: 13

Steven

10:09 AM, 29th January 2021
About 3 months ago

Handling good tenants in a falling market?

Hi Rigsby, I've done 1) and then when they raised the issue I did 4), although I did a 12% reduction for 12 months, which will go back up to what it would have been absent Covid. A reduction of 12% was market driven and what happens at the end of 12 months will also be market driven, so no certainty. 3) is a good idea; I might go 10% for a new 12 month term to (hopefully) really get you past Covid, and if they want to leave earlier than 12 months they must find a replacement at the same rent (failing which they remain liable for the rent) - saves you admin and avoids messing with deposits which risks getting third parties involved. It's just a personal view of mine but deposits are emotive because tenants see them as "theirs" and so I only deduct for actual non payment of rent - money for money. When one goes money for any other non-financial tenancy agreement breach (eg dirty carpets, etc) it gets "messy". Just a personal view. Hope this helps.... Read More

Steven

10:03 AM, 30th September 2020
About 7 months ago

Percentage of let agreed properties compared to listed is climbing

It's all building nicely for the big corporates to come in once the talk of rent control dies down. In the meantime, just a few more of us tiddlers to be painfully squeeeeezed out with - this time - vote winning 6 month eviction bans. Expect more pain, driving higher demand as we exit the market...... Read More

Steven

13:55 PM, 14th August 2020
About 8 months ago

Nicola Sturgeon confirms intention to extend eviction ban to March next year

Reply to the comment left by Beaver at 14/08/2020 - 11:18My experience too Beaver. Without the private sector there would be no taxes; without taxes there would be no public sector. End of. Sadly however the private sector is usually vilified for chasing profit (a dirty word in the UK) whereas our public sector "servants" are lauded for their service to the public (as if they were providing it for free). Their pensions by the way are usually final salary, which typically will require funding of £25,000-£30,000 for every £1,000 per annum of pension promised, meaning a public sector employee retiring on a pension of £25,000 per annum will have a pension fund of approximately £625,000 to £750,000 to pay for it. All funded out of taxes, and taxes ultimately only come from the private sector. Who pays for the private sector pensions? The private sector (you know, the bad guys...)... Read More

Steven

11:28 AM, 14th August 2020
About 8 months ago

Landlords - Don't complain!

Well said Old Mrs Landlord; he's rather self satisfied at being wise after the event isn't he... Read More

Steven

9:10 AM, 29th July 2020
About 9 months ago

Buying without planning permission or building certificate?

Isn't there a rule that after 4 years you can apply for a Certificate of Lawful Development (no guarantee it will be granted) or after 10 years you are golden and the LA can't touch you (both of which you would comply with if done in 2004)? This is provided you can prove the work was done back then (you'd need to provide chapter and verse to prove the work was done that long ago). If you can get comfortable on the 10 year rule (assuming I'm not talking cobblers), backpocket that knowledge knowing you are going to buy anyway but be economical with the truth and nevertheless demand a reduction in the purchase price for the "risk" you are taking?... Read More