Registered with Property118.comTuesday 14th April 2015
If point 2 is correct it would also be a way to circumvent rent controls as they apply to increases on rent on an existing tenancy and not to a new tenancy. By getting the tenant to sign notice to quit at the start of the tenancy a new one could be created every year or so with a new rent set. Seems too simple and too good to be true.
Rod.... Read More
Point 2 is interesting. Have they written this down anywhere? I've a feeling this could be regarded as going against the lack of no fault termination so if the tenant decided to stay there is not much the landlord could do.
And Aberdeen is a prime example of how supply and demand will manage rents. We've seen a 25 to 30% reduction in rents since the oil price crash decimated the local economy and demand for rental property fell through the floor yet the local council think rent controls might be required. You couldn't make it up!
Reply to the comment left by "Annie Landlord" at "13/07/2017 - 20:54":
I guess only time will tell how BTL lenders will react. One of the mandatory grounds for termination is if the lender wants to sell so that will give them some comfort. Although that may be out weighed by complete lack of security of income for the borrower. Interesting times ahead!
Reply to the comment left by "Annie Landlord" at "13/07/2017 - 17:11":
The SNP are not considering stopping 10 month tenancy, they've done it already. The new private tenancy has no pre determined duration, no 'no fault' termination by the landlord and 28 day notice from the tenant at any time. Current implementation date is December this year.