Discount request from tenant

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Discount request from tenant

    Good morning all.

    Our tenants have just requested a discount. They have a guarantor.One of the tenants is self-employed but their reference from December 2018 says he had not submitted any tax returns presumably as the reference states he has been self employed for less than a year. The other tenants is a salaried salon worker. We have a rent guarantee in place. We would like to be sympathetic but:
    1.) The rent is very low anyway (£300 below market rent as they carried out some renovations at the start of the tenancy )
    2.) We are just about to get a remortgage for the property (this month) and don't want to ask for a holiday in case it affects our eligibility
    3.) There should presumably be help from the government (albeit kicking in later)

    So - with all this in mind and to protect our position with Rentshield and our lender, what do you think might be a good course? Should I ask my tenant about what help they will be getting from the government?

    #2
    If the guarantor is self employed with no tax returns, they are useless as a guarantor and so you can just ignore their status or problems.

    What's changed in the tenant's position?
    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).

    Comment


      #3
      Sorry - the guarantor does have records and very healthy income levels. It's the male tenant who didn't on December 2018 but may do now. The message I received was that the husband (builder - self employed) and wife (hairdresser - self-employed but the reference said employed) have been at home for a month.

      Comment


        #4
        and according to Rentshield documents, our cover is currently useless as ""Rent Guarantee
        Cover will be provided in respect of Rent owed by the Tenant where the
        Tenant has failed to pay the Rent in part or in full on the due date
        shown in the Tenancy Agreement and You are pursuing Proceedings
        to evict the Tenant from the Insured Property
        This insurance will pay the monthly Rent as shown in the policy certificate
        up to a maximum of £4,000 per month and up to the maximum"

        We can't start eviction proceedings so presumably cover would not kick in.

        Comment


          #5
          Originally posted by forest777 View Post
          ""Rent Guarantee
          Cover will be provided in respect of Rent owed by the Tenant where the
          Tenant has failed to pay the Rent in part or in full on the due date
          shown in the Tenancy Agreement and You are pursuing Proceedings
          to evict the Tenant from the Insured Property
          Thank you for posting that.

          It explains why insurers are saying they will not pay out on rent guarantee policies.

          But is sounds like any cases already submitted to courts should be covered.

          Comment

          Latest Activity

          Collapse

          • Reply to Dont have access to a printer
            by AndrewDod
            The raft of recent legislation pretty much requires that you print a planet destroying amount of paper (and some parts of it, such as the rather wonderful "How to rent" booklet are designed so as to require an entire ink cartridge worth of ink per page).

            Strangely enough the...
            30-05-2020, 02:24 AM
          • Dont have access to a printer
            by jtufty
            Hi,

            I have a new tenant moving in. Ive got the contract and Condition Report ready to go but I dont have access to a printer. Is it enough for me to email these to the tenant and ask them in writing to respond theyre happy with it all?

            Thanks...
            28-05-2020, 06:19 AM
          • Reply to Tenants struggling to pay rent...payment plan or move them on?
            by Perce
            In what ways can small claims court impact S21 or S8 ? Does anybody has experienced?...
            29-05-2020, 22:38 PM
          • Tenants struggling to pay rent...payment plan or move them on?
            by Mavis808
            I have a Tenant Couple who have informed me this week that they can not afford the rent this month. Naturally they have blamed this on the Coronavirus however they have paid their rent 1 week late often, sometimes longer so have struggled in the past.

            I kindly said I would help with a payment...
            24-05-2020, 18:20 PM
          • S21 notice
            by Uklondoner
            My tenant is on rolling contract. Since 18/04 he has not paid the rent only paid a quarter of the owed rent recently. I am ready to serve him s21. Because he is hard to talk to and being dishonest to me. Does the s21 include the time for eviction? You might say 3moths but I will say 2 weeks whatso...
            29-05-2020, 21:52 PM
          • Reply to Section 21
            by Perce
            It is not clear yet what is going to happen with evictions. The ban may be extended till the end of the year. It is becoming almost impossible to evict a tenant. The government will make a decision shortly....
            29-05-2020, 20:24 PM
          • Section 21
            by zrux
            Hi

            My tenant was struggling to pay rent, they wanted to move to council house. And asked me to serve notice.
            I served them the section 21 Notice on 28Apr2020 and gave them 4 months to vacate the property on 31-Aug

            Since then the tenant says he doesn't want to move out...
            28-05-2020, 13:18 PM
          • Reply to Section 21
            by MdeB
            Yes for S8G8, but for the discretionary grounds it is for the LL to persuade the judge....
            29-05-2020, 19:56 PM
          • Reply to Aiming to get a CCJ on ex tenant
            by Stew
            I understand you are upset but chase the person named on the lease, if they are together still it will impact the both of them so chasing for the CCJ on the named tenant will still impact the one not named as it will carry forward with them if they don't pay right away and when they try and rent again...
            29-05-2020, 18:55 PM
          • Aiming to get a CCJ on ex tenant
            by MadLL
            Apologies if I have posted this before, but I cannot find my original post, if I did indeed post!
            I rented my property to a tenant. I knew at the start of the tenancy that the partner planned to move in at a later date, although the tenant denied the partner ever moved in as I expect they did...
            29-05-2020, 17:30 PM
          Working...
          X