Almost all the above replies re letting to council are negative but the one positive reason for letting to council is that after 3 year or 5 year contract with council expires you do get the property back with vacant possession which is unlikely with a private letting and the soon to be outlawed section 21 thus allowing tenants to stay infinitum with rent controls and hand down tenancy to next generation. .
Let a house to local council
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You have to consider how the council is going to recover possession in order to return the property vacant.When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).
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Originally posted by DPT57 View Post...and if you try to evict the Council as your tenant, then their tenant will just become your tenant.
When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).
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If you are in flats, with service charges, the buildings insurance for residential Landlords insurance ( the Landlord of the freehold, that insures the building ) The insurance company may well cease immediately the insurance coverage.
It happend to our block of flats ( I was the Co. Sec, ) and I had to inform the flat owner that if he went ahead with renting to the Council, our insurance would be instantly removed, and that the Leasholder would have to pay the increase costs, and put money in the pot- ( in the form of insurance, and sign a Deed to cover all costs of additional charges ) if no insurance was found by him upon sub-tenants movng in.
He soon dropped his idea.
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no no no no no - Don't do it. I did it and will never, ever, do it again.
The council told me the family would be on the streets if I didn't help them. And do you know what? Living on the street was the right place for them. They were totally incapable of looking after a property.
I will never take the risk again or give somebody a chance.
This was years ago and I've learnt a lot since then.
The council have asked me again if I'd give a family a chance and I said I would if they, personally, would be a guarantor. Funnily enough, they declined.
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Reply to SDLT relief for multiple dwellingsby BIGGYBIBIGI don`t make the rules my friend,,, i could easily have bought a block of flats the other day,,, tenanted by most of them for over 5 years 10 years 12 years etc,,, all long term but the state of the place i would not let my dog live like that,,, if it were all about money that would have been a great...
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Channel: Residential Letting Questions
10-08-2022, 19:44 PM -
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by BIGGYBIBIGHello everyone,
I have had an offer accepted on a property purchase, subject to a surveyors report of £395,000 in England.
I am currently looking at surveyors but i just wanted to know where i stand in terms of stamp duty, costs etc.
I have phoned 5 different solicitors...-
Channel: Residential Letting Questions
10-08-2022, 19:20 PM -
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Reply to SDLT relief for multiple dwellingsby AndrewDodI don't know the answer, but if true this would be an absolute outrage.
Some little kid buying their own home where granny left them a quarter of a house that is rented out pays 3% additional tax
Someone who buys 8 properties pays 1%
Pity us all-
Channel: Residential Letting Questions
10-08-2022, 19:32 PM -
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Reply to Winter of Unpaid Billsby SouthernDaveGood point...
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Channel: Residential Letting Questions
10-08-2022, 19:09 PM -
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by jpucng62Does anyone think their tenants are ready for the huge rises in energy bills this winter? Given that unit prices are expected to more than double from where we are now (and that is a big rise already) does anyone think tenants really have a grasp on this?
With mortgage rates going up fast...-
Channel: Residential Letting Questions
10-08-2022, 10:50 AM -
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Reply to Winter of Unpaid Billsby DPT57I'm more concerned at the possibility of a winter of unheated rental properties and then the tenants expecting me to deal with the resultant mold.
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Channel: Residential Letting Questions
10-08-2022, 19:04 PM -
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Reply to Dps depositby CodgerI think the deposit of five weeks rent is more trouble than its worth. Not taking deposits means being a bit more selective in choosing tenants.
Considering the value of the asset the tenants are trusted with the deposit rules are crazy. But thats only one of the red tape obstacles to being a...-
Channel: Residential Letting Questions
10-08-2022, 18:22 PM -
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by Jm1972Hi All,
i would be grateful if I could get some help please.
I got an estate agents to find me a tenant and do all the paperwork and get proof of service for everything, tenant moved in and paid deposit just over a week ago.
The estate agents took the deposit from...-
Channel: Residential Letting Questions
08-08-2022, 22:40 PM -
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Reply to Winter of Unpaid Billsby jpkeatesThe daft thing is that because people will owe them the money, it won't even affect the energy company profits.
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Channel: Residential Letting Questions
10-08-2022, 16:52 PM -
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Reply to Dps depositby jpkeatesLooking after a significant amount of someone else's money is not a trivial undertaking.
I spent most of my career designing and building business solutions to replace manual processes.
So I have a reasonable idea of what's possible.
There's nothing in it but downside...-
Channel: Residential Letting Questions
10-08-2022, 16:50 PM -
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