Letting statistics

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    Letting statistics

    Hi,

    Has anyone an idea where I can source statistics on the current climate with regards to the amount of residential property market in certain areas? As in, amount of property that is currently for rent, is rented and demand and supply and such like. Maybe like a government report or maybe a private organisation would have information on this. I have tried the national statistics department but nothing seems to be related entirely to the lettings market...

    Many thanks in advance...

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  • Reply to Direct Debit vs Standing Order
    by Ted.E.Bear
    Seriously?
    Any sensible tenant should question why you want the authority to take more than the rent.
    That isn't being 'tricky', it's just not being foolish....
    23-09-2020, 10:33 AM
  • Direct Debit vs Standing Order
    by danwestgarth
    Has anyone any experience in collecting rent from tenants using Direct Debit opposed to Standing Order? From what i understand, with Direct Debit the payee (landlord) is in control, rather than the payor (tenant). JCould be a good way to minimize missed payments during covid-19. Does anyone know of...
    22-09-2020, 15:44 PM
  • Reply to Rent arrears
    by ChrisDennison
    jpkeates I agree once more with your sentiment. I would only add to that that rent arrears can be claimed for six years, so there might not be much urgency to push this now. Of course if the tenant stops paying altogether or threatens this, then I for once would throw all of my tools at them....
    23-09-2020, 10:29 AM
  • Rent arrears
    by MP31
    Hi

    I have a tenant who got in arrears in the end of 2019 by 1.5 months because of work then continued to pay full rent until Covid. He couldn't work and was unfortunate to not get furlough or any government scheme other that UC so we arranged a reduced for 4 months. Now he is behind further...
    22-09-2020, 19:58 PM
  • Reply to Do you regularly (or at all) increase rent for existing tenants?
    by jpucng62
    I'm not sure that tenants on lower than market rent realise that they are - they probably don't keep an eye on things the way a LL might. I regularly check Rightmove to assess what is happening and use this information in my review of rents, but I think tenants probably only look when they want to move....
    23-09-2020, 10:21 AM
  • Do you regularly (or at all) increase rent for existing tenants?
    by ChrisDennison
    I would like to gauge your experience on this - in all my properties I have never increased rent in an existing tenancy, regardless of how long the tenant stays. Am I stupid or normal or somewhere in between?

    I’m of course happy to adjust to market rent whenever a tenant moves out and...
    19-09-2020, 19:00 PM
  • Reply to Can I exercise break clause and notice period
    by DPT57
    The landlord doesn't have to want to live there now. Its sufficient to have lived there previously....
    23-09-2020, 10:20 AM
  • Can I exercise break clause and notice period
    by wildflower
    According to the tenancy agreement, I, as landlord, may terminate the tenancy by serving a break notice on the tenant. This is an assured shorthold tenancy and the break notice period must be at least two months. Am I correct in thinking that this means that I would seek possession under Section 8 rather...
    20-09-2020, 05:07 AM
  • Reply to Direct Debit vs Standing Order
    by ChrisDennison
    Ok that’s a fair point for questioning further. Although from the other posts it sounds as if direct debit would actually be better for the tenant, not worse. So I would be more worried if a tenant says ‘I only pay you by direct debit’.



    Well whenever I look at my statements...
    23-09-2020, 10:19 AM
  • Reply to Rent arrears
    by jpkeates
    A tenant who doesn't communicate well about arrears wouldn't be unusual.

    In normal times I would suggest serving notice and use MCOL for the arrears.
    But with six month's notice and a huge court backlog, that's less appropriate.
    The risk of the tenant either stopping paying...
    23-09-2020, 10:01 AM
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