Tenancy Deposit - Landlord Mortgage Default

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

    Tenancy Deposit - Landlord Mortgage Default

    Hi,

    My landlord has recently defaulted on his buy-to-let mortgage (a letter came through from the receivers), and I am unsure as to where I stand with regard to the deposit I paid. Unfortuantely the deposit is not subject to one of the newly introduced 'government schemes' as we have been tenants since Feb' 2007...

    Has anyone been in a simlar situation? I am unsure as to whether I should refuse to pay the rent in order to recoup my deposit, however I am worried about being 'black listed'. The contract we are on was a rolling monthly contract.

    Any advice/suggestions much appreciated.

    Thanks!

Latest Activity

Collapse

  • Reply to Renting rooms
    by DoricPixie
    It wasn't so much tat as a ground for eviction for PRT is wanting to move into the property (for now). It was more that I'd put my heart and soul into making the property nice and it wasn't being cared for as well as I would have liked. I didn't like being at the mercy of a letting agent either particularly...
    28-01-2022, 18:03 PM
  • Renting rooms
    by Luke
    I have a three bedroom property in the U.K which I will rent out .
    I have had an enquiry from a couple and a friend
    I do not intend to live at the property
    Would it be possible just to rent two rooms to them , on the understanding they have full access to the property ?
    As its...
    28-01-2022, 06:09 AM
  • Reply to Renting rooms
    by DoricPixie
    I've had unoccupied insurance whilst I was overseas before. It was challenging finding an insurer as a non-UK resident but I did find one and the premium wasn't horrific. I did have to have someone go and check on the property every week as a condition of the insurance and luckily I had someone to...
    28-01-2022, 17:59 PM
  • Reply to Renting rooms
    by theartfullodger
    Just be careful with insurance. Empty properties are a "challenge"
    28-01-2022, 17:57 PM
  • Reply to Renting rooms
    by Hudson01
    If i were in this position then i would do the same, there is far too much risk thesedays if you wish to move back into it, either accept the risk and rent is as it really is with an AST or leave it empty....
    28-01-2022, 16:38 PM
  • Reply to Deducting Cleaning Costs from Deposit
    by jpkeates
    That document is out of date and, in a lot of places, possibly as a consequence, now wrong or misleading.

    The concept of individually negotiated clauses is now deprecated in consumer law.
    The OFT no longer exists and it's successor, the CMA, has withdrawn its advice about unfair terms...
    28-01-2022, 16:18 PM
  • Deducting Cleaning Costs from Deposit
    by Piffy
    I use a Letting Agent. Recently the tenants vacated, prior to the tenants leaving when the letting agent did an inspection they advised the tenants that the property would need cleaning before they vacated. The tenants have now left, the place does need a good clean, the Letting Agents have said that...
    27-01-2022, 11:30 AM
  • Reply to Renting rooms
    by DoricPixie
    You can't have your cake and eat it Luke. If you want to receive rental income from a property that is not also your main home you have to accept that the occupants will be tenants. This means that you will have to comply with all your legal obligations as a landlord unless you want it to come back...
    28-01-2022, 16:09 PM
  • Reply to Deducting Cleaning Costs from Deposit
    by DoricPixie
    I wasn't sure if I was missing something in the model agreement that gave the requirement to leave the property reasonably clean regardless of the condition at the start of the tenancy - seems I wasn't.

    I seem to recall the "professional" cleaning fee being an unfair clause although...
    28-01-2022, 16:06 PM
Working...
X