No Rent For Buy To Let Landlords
6:54 PM, 18th March 2020, 6 years ago
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Its a distressing time for Buy To Let (BTL) Landlords with tenants affected by Coronavirus (COVID-19). Now if tenants don’t pay their rent, landlords won’t be able to evict them for non rent payment using a Section 21 notice.
This poses a problem if tenants start to demand rent payment holidays of their landlords. In this video below Ranjan addresses the problem faced by residential buy to let landlords and the array of other costs and overheads they now face.
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Will I now have to postpone S8 eviction?
Member Since September 2015 - Comments: 1013
7:29 AM, 21st March 2020, About 6 years ago
Reply to the comment left by Lesley Lester at 19/03/2020 – 08:23
Well the NLA & RLA do not represent us – paper tigers would be an gross overstatement.
Member Since September 2015 - Comments: 1013
7:34 AM, 21st March 2020, About 6 years ago
Reply to the comment left by at 19/03/2020 – 09:18That’s 100% more than they’ll get from the likes of Shelter , Generation (Igno)Rent, et al, who are just talking shops/lobbyists/pressure groups.
Member Since August 2015 - Comments: 24
8:19 AM, 21st March 2020, About 6 years ago
Does anyone know the situation when a Tenancy Agreement comes to an end. Are you still entitled to take the property back for whatever reason?
Member Since July 2013 - Comments: 754
8:29 AM, 21st March 2020, About 6 years ago
Reply to the comment left by Judith Wordsworth at 20/03/2020 – 22:46
What irony, from someone who helped create difficulties for all landlords…
Member Since August 2015 - Comments: 6
8:40 AM, 21st March 2020, About 6 years ago
Reply to the comment left by Mark Alexander at 19/03/2020 – 17:41
is it correct that if you have RGI, once started you have to evict? If so, would that be a non-starter in this current situation?
Member Since May 2018 - Comments: 86
8:41 AM, 21st March 2020, About 6 years ago
Reply to the comment left by JB at 19/03/2020 – 17:14
Interest rates are .001% that’s practically free money!!
Member Since April 2018 - Comments: 46
8:48 AM, 21st March 2020, About 6 years ago
Reply to the comment left by Rob Crawford at 19/03/2020 – 09:21
So I envisage for my tenants prolonged non payment of rents, then they flee leaving rent arrears
Member Since January 2015 - Comments: 1450 - Articles: 1
9:03 AM, 21st March 2020, About 6 years ago
Reply to the comment left by BP Surrey at 21/03/2020 – 08:19
Would be interested to know too
Member Since February 2017 - Comments: 62
9:15 AM, 21st March 2020, About 6 years ago
Reply to the comment left by JB at 20/03/2020 – 13:15
The government should be handing out interest free loans to tenants who can’t make payments , especially the self employed who seem to have been left out of the governments emergency measures.
Member Since August 2013 - Comments: 61
9:19 AM, 21st March 2020, About 6 years ago
Already had a tenant default last month – he had been given an extra four months on his notice to quit. He has just informed the management co that he will be leaving at the end of May and due to Coronavirus shutting down his shop he will no longer be paying any rent . 4 months rent gone just like that plus there will be some considerable expense to refurbish the property. Add insult to injury he ran out of heating oil and refused to accept responsibility for the heating engineers bill – which was already reduced by the engineer to £80 for parts and labour – should have been about £110. I have paid it to keep the engineer available for other property. No – no RGI either.