David Griffith

Registered with Property118.com
Tuesday 9th July 2013

Latest Comments

Total Number of Property118 Comments: 16

David Griffith

17:56 PM, 23rd March 2017, About 4 years ago

On the other side – Benefit Capped tenants and affected landlords

I too saw the programme but am struggling to have any sympathy with the first example - Karen the mother of five kids in Lewisham who is refusing to pay her full rent and in danger of loosing a council property.

£23k pa = £442 pw. If she paid her rent of £112 she would still have £330 pw to live on. That does not seem unreasonable to me or am I missing something?... Read More

David Griffith

13:42 PM, 28th October 2016, About 5 years ago

Where do I go from here - It was going so well

Reply to the comment left by "Mark Alexander" at "28/10/2016 - 13:28":

"I don’t believe in looking for tax loopholes, simply utilising positive legislation to optimal effect."

Call it what you like but what happens if the "positive legislation" changes?

The picture of you on the boat would make a great election poster for a party looking to gain support by hammering BTL.... Read More

David Griffith

13:21 PM, 28th October 2016, About 5 years ago

Where do I go from here - It was going so well

"Planning can only assume constants. “What ifs” such as changes to company tax are subjective." This comment and your strategy of high gearing is a recipe for disaster.

What if property prices fall 40% and the base rate rises rise to 10% or the government decide they will lose few votes by taxing BTL even more? It might not seem likely now but then neither did section 24.

Most new taxes are introduced in stages, as the treasury realises there are ways of avoiding a tax the loopholes are closed.... Read More

David Griffith

14:45 PM, 26th April 2016, About 5 years ago

Tenant caused extensive damage and now refuses to pay rent!

S8 notices can be defended by counter claims of disrepair, S21 notices can not which is why many people avoid using S8 if possible. Make sure your S21 is valid (dates, proof of service etc) and all the deposit regulations complied with as many fail on these points.

The front door is your responsibility to repair. You may be able to later make a claim against the tenant but it is one of your repairing liabilities. Further if this is the only reason the tenant is not paying rent and you may be many months away from getting your property back it will make financial sense.... Read More

David Griffith

21:51 PM, 18th August 2015, About 6 years ago

Tenant signs lease then changes mind and situation turns ugly!

I am not a legally qualified but this is my understanding:-

As the "tenants" did not move in there was never a tenancy, what you had was a contract to provide a tenancy which has been broken. You are entitled to your reasonable costs for this breach i.e. re-advertising costs. loss of rent between when the "tenants" should have moved in and when your new tenants move in.

You are not automatically entitled to 6 months rent as you are required to mitigate your losses, which you seem to have done.

As far as the claim against you for none protection of the deposit there was never a tenancy (a tenancy requires that the tenants occupy the property) so the tenancy protection laws should not apply.... Read More