john luckit

Registered with Property118.com
Monday 5th July 2021


Latest Comments

Total Number of Property118 Comments: 2

john luckit

15:29 PM, 9th September 2021, About 2 months ago

Using the previous landlord's escrow account?

Thank you. So should I assume that the arrears being cleared effectively resets the clock, even though the money has not come from the tenant?
I have avoided taking the money up till now, but it makes no sense to lose the opportunity.
Thanks again for your help.... Read More

john luckit

14:43 PM, 9th September 2021, About 2 months ago

Using the previous landlord's escrow account?

Thank you for your swift response Ian.
The previous landlord (vendor of the property) put their own money into an escrow account by agreement with her, and our, conveyancing solicitor. It was a condition of sale. The tenant has an AST. The tenant had some financial difficulties but these are being tackled, in part by sorting out housing benefit, with the support of the management company. I intend to use the appropriate amount to clear the arrears before the account is closed. I want to give the tenant a chance to get back on track and not lose their home. I just wanted to clarify whether the source of the money makes any difference. That said, I do want to give this tenant a chance and if the clock is reset, then so be it. The tenant does not know the escrow account exists and is doing their best to pay off the arrears.... Read More