Offering new Tennant rent reduction as a one off Because tenants is ill.

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    Offering new Tennant rent reduction as a one off Because tenants is ill.

    I am new landlord and tenant is also in her first solo venture she has only been open a short while, she is in hospital and has not asked for rent reduction but I am considering offering one as a one off for December and January to help her out and pragmatically hopefully help her keep going longer term. I wouldn't offer again.
    But not sure if there are legal implications here that could be opened up. We are outside landlord act

    #2
    Good christmas spirit.

    Maybe offer it in the same reduction as a one off gift?

    Comment


      #3
      You will then be seen as a "Soft touch". which could cause you headaches in future with various demands.

      Unless you are her Parents, bank of Mum and Dad, child, brother, sister, cousin, aunt, her bank, etc, then not your problem.
      She has all the people / institutions above to call upon to pay the rent, so why should you be the one to give financial assistance ?

      Comment


        #4
        You can do as you like. As for being regarded as a soft touch, that's a separate issue. Many of my clients are content to agree rent payment arrangements including no rent for a short while without fear of their tenants taking advantage.

        Comment


          #5
          Originally posted by rentreviewspecialist View Post
          Y..................................... ..
          Maybe so, but the tenant has NOT asked for a reduction in rent so why be a "soft touch" and give them one without them asking ?

          Of course lizeratsi will have to inform the mortgage company that she is giving away 2 months rent, which may be a sub-clase in the BTL agreement to charge rent at 125 % above the mortgage repayments, as not charging that could be a breach of contract.

          So lizeratsi also wont have 2 months rent to pay the mortgage company
          !

          But if that's the "posible" trouble she "may" encounter, then so be it.



          Comment


            #6
            Just to point out that this is in the commercial let subforum.

            Some might say you should be harsher than with a domestic let.

            Charles Dickens had a few things to say that might be relevant.

            Comment


              #7
              Do commercial lets not have mortages to pay ?
              ( that is a sarcastic remark )

              Comment


                #8
                Of course commercial landlords have mortgages and other facilities to pay for.

                Incidentally Tenant comes from the french word, tenir to hold. One N in the middle

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