bob young

Registered with Property118.com
Thursday 30th April 2015


Latest Comments

Total Number of Property118 Comments: 10

bob young

8:51 AM, 14th March 2019
About 2 months ago

Number of empty homes is actually increasing!

My 2 London properties are empty as I am tired of the endless regulations being imposed by the government and also the quality of applicants for tenancies. I had one on the market in the autumn and if the estate genct had been more professional, a deal for a reasonably good price woud have been struck. I'm now waiting for Spring weather and a bit of certainty over Brexit and I will remarket and put the second on the market too. Of course, I failed to mention I'm worried about Sadiq Khan getting a second term as London Mayor in view of his policy platform apparently to be rent control in London.... Read More

bob young

6:56 AM, 23rd February 2017
About 2 years ago

New Tenant - something not quite right

This is a grey area and I always reject such offers. The tenancy agreement would have to be very carefully drafted; a premium lease could arise; there are deposit, notice and even tax implications. (Tax is payable in the tax year in which rent is due so, depending on how a t.a. is drafted, 6 months' rent paid now, only a few weeks before the end of the tax year, could be deemed to be due this year and give rise to a larger tax bill than normal.) Apparently, sometimes when the 6 months is up, no further rent is paid, and there's also the issue of where the lump sum came from - could it be money laundering?... Read More

bob young

9:02 AM, 12th October 2016
About 3 years ago

Letting agent insist to putting landlord home address in AST instead of their office address

Tenants have a right to know the landlord's address but there is nothing wrong with wanting the agent's address on the tenancy agreement so don't sign it unless they do as you require. Letting agents would not get away with extortionate fees if landlords refused to accept them. Everything is negotiable before an agreement is signed.... Read More

bob young

14:47 PM, 18th May 2016
About 3 years ago

How does an individual landlord reference potential new tenants

I've done my own referencing in the past but recently I use the NLA which is OK but I would prefer to see much more detail. I always try Facebook checks etc but they produce less than they used to. I'm interested in how Mandy does detailed financial reports against prospective tenants' current addresses. My tenants are usually young professional sharers and their addresses are more often than not their parents as they seem to continue to use these for bank accounts etc. I sometimes do Zoopla checks on their parents house and Land Registry documents. I haven't recently requested bank statements but I think I will start doing that again as Mandy does. Despite all this I don't even start on referencing until I am pretty sure the tenants are likely to be OK and I never rush tenants into anything!... Read More

bob young

13:26 PM, 15th February 2016
About 3 years ago

Electronic signatures?

So far as electronic signing of documents is concerned I would claim the equivalent of a suitable Signable type package unless you use electronic signing for non-letting documents. I've never worked out a way to apportion phone calls, internet etc and so I don't claim anything, even though I sometimes buy additional SIM cards to use specifically for re-letting purposes.... Read More