Put ourselves in the shoes of these kids?

Put ourselves in the shoes of these kids?

11:47 AM, 30th March 2020, About 2 years ago 13

Text Size

Hi. I’m sure this is a problem faced by many student let landlords, caused by the current climate. Many universities with on campus accommodation have released students from their contracts 3 months early as Unis are closed, so a lot of the students moved back home to study online.

However, students who have signed contracts with private landlords for 12 months to 30 June still have 3 months left, although some have already left the property. Some with guarantors.

Can these kids miss 3 months due to exceptional circumstances faced by the country?

I know legally they’ve signed, but this is exceptional times. As landlords, also put yourselves in the shoes of these kids, what do you reckon?

Steve



Comments

Chris Bradley View Profile

15:00 PM, 31st March 2020, About 2 years ago

In the summer I charge about half rent.
Students are allowed to still live at the property and many do so and are greatful for the rent reduction.

Annie

20:24 PM, 6th April 2020, About 2 years ago

Reply to the comment left by Yvonne Francis at 31/03/2020 - 11:29
Which University announced they would carry on with onlline teaching in October? this is jumping the gun with new tenants potentially cancelling tenancies already in place....

Yvonne Francis

12:03 PM, 7th April 2020, About 2 years ago

Reply to the comment left by Annie at 06/04/2020 - 20:24
Hi Annie,
I am referring to Oxford University. I cannot back it up with anything online. I heard this on good authority, on Radio 4. However they did say ‘preparing’ which does not necessarily say they will be doing this. I have given a link to The Guardian which I thought at the very least ‘food for thought’. Personally I do not think any university preparing to teach online in the Autumn is ‘jumping the gun’. A lot of experts say it may decrease in the summer but return in the Autumn. If it follows the pattern of Spanish Flu it may even mutate and come back even worse. Sorry to be so doom laden.

However one should prepare for the worst but hope for the best. When I made my first comment I had hoped for more information on the case history I mentioned. (Krell v Henry) It's good to know where one stands on contracts for the Autumn. If you or anyone else are experiencing cancellations, would not that be quite useful at least to bear in mind or counteract?

I am preparing by conserving my savings, even though my rents are my only income, if I want to continue to let to students, even having to have them empty for two years, or find alternative types of tenants. I really hope I am wrong.

https://www.theguardian.com/education/2020/apr/03/forget-freshers-week-universities-prepare-to-teach-new-first-years-online

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now