Paul Shears

Registered with Property118.com
Wednesday 31st July 2013


Latest Comments

Total Number of Property118 Comments: 254

Paul Shears

18:33 PM, 19th January 2020
About 3 days ago

Is size everything?

Reply to the comment left by Jo Westlake at 19/01/2020 - 12:47
"if we are going to have minimum space standards let's start with not granting planning permission for any more tiny rooms."
I totally agree. Having allowed this disastrous social mess to develop, the first thing to do is to acknowledge this an stop it getting any worse.... Read More

Paul Shears

22:44 PM, 15th January 2020
About A week ago

Is size everything?

1. ‘Official’/universal minimum agreement on size of a bedroom?
Answer: It’s rent a coffin size where I live. Less than 64 Sq ft. Packing two strangers into a garage split by a wafer thin stud wall with one subsection in permanent darkness is perfectly acceptable as long as it has a window. From what I have seen in several areas of the country, if you can only fit a single bed in the space and stand up, then his is perfectly OK. This is the reality and I have seen it in council inspected properties that were authorised both before and after construction.
2. Does a bedroom have to be upstairs?
Answer: No.
3. Do I need to specify if a bedroom is a double or single size?
Answer: Only if two people are going to share the same room as far as I am aware. All of my rooms have double beds in them but they are single rooms as far as I am concerned.
4. What about odd shaped rooms – loft rooms with eves etc?
Answer: There used to be some details regarding only head height plus some clearance was relevant but I have certainly been shown property where it was impossible to stand upright in the connecting corridor. It looks like the inside of a wardrobe too shallow to take a clothes hanger side on, counts as part of the floor space now.
Good luck with the social consequences of this.... Read More

Paul Shears

20:37 PM, 13th January 2020
About A week ago

Letting agents pass key without deposit, advanced rent and signed contract

Reply to the comment left by Mike T at 13/01/2020 - 20:11
Fair comment. I replied too quickly.... Read More

Paul Shears

11:35 AM, 13th January 2020
About A week ago

Letting agents pass key without deposit, advanced rent and signed contract

1. You have delegated far too much. It's obvious that you know less about the agency than your tenant. You have made a mistake and there is nothing to do but deal with it. You should seriously reconsider whether you want to be a landlord at all.
2. Get rid of the agency at the first opportunity. This will take a long time if you are going to do this from a position of knowing who you are dealing with. Frankly £291 per month profit less tax seems pointless to me.
3. You say you have no time to manage this and you do not want any stress. Well firstly just take the small financial hit and then set about sorting this mess out. You really cannot delegate this to anyone else. If you decide you want to keep renting a house out that you cannot visit at such a theoretically low profit then the first thing you need to do is find a decent agent. This will take a lot of time and research on your part. Personally, after nine years in this game, I have never heard of one and neither have any of my landlord associates. Your experience is just typical of the underlying problem with all these types of social structures particularly as they get bigger. The staff are simply not up to the job and no amount of training or experience will make it so. Your agent, if he had any brains, would have examined the whole situation before contacting you, taken the cleaning hit himself, and tried to manage his mistakes in a professional manner rather than just dump the whole problem back on you, his employer. You are wasting your time with this agent who, like yourself, will be trying to be as hands off as possible. This is the all too common true meaning of what constitutes an "agent" in my extensive painful experience no matter what field they work in. Get rid of them.... Read More

Paul Shears

22:44 PM, 2nd January 2020
About 3 weeks ago

Tax deducible costs following renting to pay for care home?

I think you are in a good position financially.
The preparation investment can be deducted as a one off cost and assumed from the taxman's point of view to have occured on the first day of renting. These costs can then be offset against future tax liability on the house rental income.
Legally speaking the holder of the Power of Attorney was effectively acting completely on the donors behalf and is regarded in law as being the same person with the same authority for all financial matters.
I have no doubt that you will have learnt the hard way that you have to get past corporate helpdesks to get someone who is capable of understanding this.
The responsibility of being a Power of Attorney can sometimes be tedious but you need to be very clear of the correct details in law and stand up to the well meaning staff repeating corporate scripts.
Frankly it can be hell dealing with this as every financial institution and, indeed, subsections of those financial institutions, (Incorrectly) interpret the law differently.
However all this ceases to be the case once the Power of Attorney effectively ceases which is on the demise of the donor.
Thereafter the matter becomes an estate management matter including any previous financial overheads, tax details or income as outlined above.
Be very clear that your Nan's finances, whilst previously handled by the Power of Attorney, are quite separate from those of the Power of Attorney themselves.... Read More