Terrible time with council tenant and shock at how law treats landlords15:32 PM, 9th January 2019
About 2 weeks ago 40
11:32 AM, 7th February 2016
About 3 years ago
I don’t suppose too many landlords have regulated tenancies but as one that does, registered (so called ‘fair’) rents are becoming increasingly pathetic, representing maybe only 40% of open market rental value or less. Of course, when it comes to repairs, tradesmen expect to be paid in full and will not accept 40% of their invoices.
I have just applied for the re-registration of a 3 bedroom house in North London where the current registered rent is £125.50pw compared to an open market rental of £300pw. However, what galls me most of all is that the ‘uncapped’ rent is £175pw, a difference (loss) against the registered rent of £2,574pa! Capping was introduced in February 1999 and restricts rental increases to RPI so that current rental values have no bearing on registered rents whatsoever.
I know that we will never see the end of regulated tenancies, other than by natural wastage, but I wonder if those of us who own regulated properties have a case to make representation to remove the need for capping as our rental income becomes more and more ‘unfair’?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More