Registered with Property118.comThursday 4th July 2013
We have a block of 10 flats, about 30 years old. They all have avocado suits with matching tiles. There's absolutely NO need to rip out a perfectly good bathroom! What a waste of money! Just a couple of the flats have been replaced with white over the past couple of years, but only because they needed it. We have NEVER been in a situation where we couldn't rent one of these flat, & people rarely even mentioned the colour of the bathroom! Keep it, if you can't rent it simply because of the bathroom then maybe reassess the situation. (Agents should have better sense than yours has shown).
If you issued another 6 month lease, would you not have to uninsure, then pay to reinsure, the deposit? If so, would it not be easier to just pay the odd days to the council?
I didn't have time to read all of that, or the comments after, BUT, I feel your pain! My local council have on numerous occasions disputed my moving out dates of tenants saying the tenant told them they moved out earlier than the date I submitted. Sometimes as much as a month!! Their answer...but the tenant SAID they moved out! My answer has always been that their lease runs to the end of the month (all leases 1st -30/30st) and I didn't get keys until then. So, as far as I'm concerned they were using the property. They always side with the tenant which is perplexing to me. I always ask the council to prove to me that they didn't have furniture in there. They can't of course, but they are a law to themselves, so I just have to make the money up elsewhere. Poor tenants, ultimately they are the bottom line that take the brunt financially at the end of the day.
I'm completely perplexed by this whole thing! We have been renting properties for over 40 years and every year the tenant has an increase to their rent. About 3%, although in the past couple of years this has gone up to about 4%. I can't imagine how a tenant would react, never mind cope, with an increase after several years at a rate related back to the year they moved in! (That is to say, making up for all the years they did not get an increase and to now pull them in to line in one fell swoop!). The property wouldn't seem like it was value for money anymore if they suddenly had to pay all that extra money for what is basically the same thing but older and probably more shabby (!) than when they moved in.
Perhaps a simple change to a new lease that states an increase will become due each year, would solve everyone's problems regarding this.
Have you taken your rental figure from day 1 and added, say, what you would expect your rent to increase by each year, then see what it might be by now if you had an increase each year? (also, how much you have saved by not having the yearly increases). This is a good indication of what you could be paying if you had a normal increase each year added.
We have been renting properties for 40+ years and have always increased on a yearly basis by the RPI. This has always worked out very well for both tenant and LL.
I have on a couple of occasions been called by a company that basically rings the surrounding landlords to ask how much rent they charge because a local tenant (like yourself) has been hit with an increase after several years and cannot believe the increase. Personally I think its a false economy to not increase each year for both parties.
Perhaps you could suggest this for the future?
Gennie Nash of Hurst Real Estates Leigh-on-Sea
We are a small family run business that has been running for over 40 years.
We provide clean, well maintained, unfurnished flats at reasonable prices.
Our properties are located in the Corringham and Leigh-on-Sea areas of Essex.