Clint

Registered with Property118.com
Saturday 18th April 2015


Latest Comments

Total Number of Property118 Comments: 337

Clint

12:29 PM, 24th July 2021, About 11 hours ago

Should I proceed with offering a tenancy agreement?

Reply to the comment left by Jessie Jones at 24/07/2021 - 12:20
There is a ruling in the appeals court where if 6 months rent is paid in advance, it is clearly the rent being paid and cannot be treated as a deposit as it was actual rent being paid.

I am sure if one wants, they can google the case so, paying rent 6 or 12 months in advance is not a deposit however, in stating this, I am not legally trained so one should do their own investigation on this. I however, would definitely accept 12 months rent in advance as I feel certain having read the case that it is not a deposit.... Read More

Clint

12:20 PM, 24th July 2021, About 11 hours ago

Should I proceed with offering a tenancy agreement?

Reply to the comment left by at 24/07/2021 - 11:59
With a guarantor who is a home owner, one can get a charge on their property and depending on the debt, they can be forced to sell up and pay your debt or, if you are willing to wait, when the property is sold anytime in the future, you will be paid from the proceeds after the mortgage is paid of.

It was only in November last year, a guarantor that owed me £19,800 settled with an agreement of £18,000 as, I got a charge on her property.... Read More

Clint

10:59 AM, 24th July 2021, About 13 hours ago

Should I proceed with offering a tenancy agreement?

Basically, in your tenancy agreement you state that rent is payable 3 or 6 months in advance on a monthly basis so after 3 or 6 months have passed, they pay you rent each month so that, they are always 3 or 6 months in advance or however many months you put in as being in advance in the tenancy agreement. They may or may not agree to this in which case you can decide to take them or not.
After the period of 3, 6 or any other months have passed if they don't pay the monthly rent in advance, you can start eviction proceedings.
I have many very high risk tenants on UC without guarantors that pay deposit and one month rent in advance and all these have failed the referencing affordability test. Most problems in them getting into arrears is due to UC and not the tenant. I have many of such high risk tenants that have been renting from me for years now with no problems. I tend to do the referencing more to see if they have CCJs or any debts
Ever since the pandemic started, I insist on guarantors due to the length of time it takes to evict a tenant but this is with them paying a rent of one month's rent in advance.

I guess this is all for very experienced landlords as I generally know if I will take them or not on gut feeling after interviewing them.... Read More

Clint

10:59 AM, 24th July 2021, About 13 hours ago

Should I proceed with offering a tenancy agreement?

Reply to the comment left by The Property Man at 24/07/2021 - 10:31
Basically, in your tenancy you state that rent is payable 3 or 6 months in advance on a monthly basis so after 3 or 6 months have passed, they pay you run each month so that, they are always 3 or 6 months in advance or however months you put in as being in advance in the tenancy agreement. They may or may not agree to this in which case one can decide to take them or not.

After the period of 3, 6 or any other months have passed if they don't pay the monthly rent in advance, you can start eviction proceedings.

I have many very high risk tenants on UC without guarantors that pay deposit and one month rent in advance and all these have failed the referencing affordability test. Most problems in them getting into arrears is due to UC and not the tenant. I have many of such high risk tenants that have been renting from me for years now with no problems.

Ever since the pandemic started, I insist on guarantors due to the length of time it takes to evict a tenant but this is with them paying a rent of one month's rent in advance.... Read More

Clint

14:03 PM, 23rd July 2021, About A day ago

Should I proceed with offering a tenancy agreement?

I cannot believe that about 90% of landlords on this forum are hesitant. I would say if any of you get such tenants willing to pay one year's rent in advance and don't want them please refer them to me.

I would gladly accept them with very few questions asked. As long as they meet the right to rent criteria they would be fine for me.

I think ultimately, it depends on your business strategy and gut feeling. I feel almost certain from the description you have provided, that they will be most suitable tenants especially since they do not have CCJs, no debts, appear to be lovely people, good reports and landlord references, medium risk not high risk.... Read More