Dave S

Registered with Property118.com
Sunday 26th July 2015


Latest Comments

Total Number of Property118 Comments: 3

Dave S

18:33 PM, 11th January 2016
About 3 years ago

Soon to be Homeless Landlord

Reply to the comment left by "Anon Landlord" at "11/01/2016 - 16:10":

I wouldn't want him !!!... Read More

Dave S

16:24 PM, 6th January 2016
About 3 years ago

Clause 24 Rent Increase letter to tenants template?

Gary

A Very good and direct letter however I would just be worried by pointing out to tenants that it effects private landlords ONLY (which we know it does) and specifically doesn't effect Ltd Companies, landlords without finance and larger entities which may actually encourage tenants to look at these types of Landlord in future rather than us private Landlords which is I'm sure what the government wants anyway.

I have already written to some of my tenants and have drafted a letter like this which is straight to the point and that it is the government that is effectively increasing their rent due to increased taxation

Dear ...

You will be aware that you have been paying the same rent since ../../.. (in most cases it has been at least 3 years )

However due to increased costs and in particular the governments recent tax grab on Landlords commonly known as clause 24 which will increase substantially the amount of tax we have to pay (even if we make a loss on our rentals) we have found it necessary along with our fellow Landlords to have to increase rents to all our tenants

I am writing to you therefore to inform you that I propose that the rent be increased from (Date) to £... PCM and the relevant notice is attached

I have considered your excellent record and your long standing at the property but unfortunately due to this substantial increase we can no longer absorb this cost

If this is acceptable please would you adjust your standing order for ..... onwards

yours faithfully... Read More

Dave S

16:11 PM, 9th November 2015
About 3 years ago

Are most landlords under charging?

My Rents are increasing

With interest rates being so low over the last 7 years and good tenants staying I have only increased rents at change of tenancy and perhaps once every few years ( I would prefer to keep my properties let rather than extended void periods trying to get the highest rent)

However in light of the possible increase in interest rates , constant legislation and in particularly clause 24 I have reluctantly written to most of my tenants in my portfolio of 20 properties to inform them that rents are having to go up forthwith and they have had notices. This will have a direct effect on 31 adults and 9 children (some tenancies are joint with families). All my tenants are working and do not receive tax credits as far as I am aware.

I can put up with legislation (it sorts the cowboys out from the professionals, or should do !) interest rates are what they are and will change according to the economy but to tax a business even if it makes a loss cannot be right

No surprise then that with a shortage of property, increased population (due to immigration, longevity and more single people) and the government creaming off additional taxation (even on loses) that rents are going to increase substantially over the next few years... Read More