How much to reduce rent in exchange for the use of the garage?

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

    How much to reduce rent in exchange for the use of the garage?

    My partner and I are renovating a detached property for rent with the expectation that when we return to the U.K in a few years the capital gains will insulate us from property price increase so we’re not priced out of the market.



    The property will be managed by my family who already run a large portfolio of properties in this area and will look after the house far better and far cheaper than any agent.

    What we’re debating though is how much to reduce the rent if we decide to us the garage for storage.

    The garage is large, well-insulated and currently stores some of our belongings. Even if paid storage would work out cheaper (which it doesn’t) after the condition we found our furniture in last time we want to avoid using storage again if at all possible.

    However, I am wondering how hard a sell it’d be for the tenants that they can’t use the garage?

    The house has a large drive to the front which has ample room for two cars and even has very safe off street parking with no competition. The tenants wouldn’t need to access the garage when we change from oil to gas and put the boiler in the attic and I can discontent the garage from the power supply.

    Security wise the garage will have its doors and one window replaced anyway and the area is extremely safe with no reported crimes in 2016! There is also full access round the side of the house to and from the front and back gardens and I can’t think of any other reason the tenants would have to go through the garage. Also, the attic is floored and can be used for storage.



    Although I am not sure how tenants will feel about not having access to the garage (I personally wouldn’t mind if my rent was a bit lower) and I suppose it might put off families who need the extra storage.

    Similar properties rent for between £700 to £800 and I am confident that we could achieve £775 a month.

    Would reducing the rent by say £75 a month (not sure how much exactly) and advertising the property as not having use of the garage be best?

    Or perhaps advertise at £775 a month and then when the tenants view the property broch the subject of the garage and negotiate a deal?

    Or is the whole thing a big red flag to tenants who’ll not be happy even with lower rent?

    Also would there be any legal implications of installing a battery operated cctv camera inside the garage?

    Many thanks for reading

    http://imgur.com/a/uEPUd (plan)

    #2
    Check you can get insurance cover for garage contents .

    I'd simply look at what similar properties without garages rent for, rather than work off what discount should be
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

    Comment


      #3
      You don't state what part of the country you are in, but up north, you can rent a 20 feet shipping container in a secure compound ( water tight inside and with cctv on the yard ) foe £80 a month.

      Comment


        #4
        First find a prospective T and advertise (sans Garage) at rent you require.
        Ensure AST excludes Garage from demised Property.
        Tell all viewers that Garage 'not included' and negotiate lower rent if nec.

        Comment


          #5
          NB As above, exclude garage, but if garage is accessed across part of the let property (even if only 2 feet of a drive) ensure you grant yourself access to it across the property....

          A landlord has legal right to access to "inspect" the property but not to use an excluded bit.....(albeit most tenants would be reasonable...)
          I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

          Comment


            #6
            Don't advertise with a garage then negotiate. A total waste of time as a garage can be a specific requirement for renters.
            "I'm afraid I didn't do enough background checks apart from checking her identity on Facebook" - ANON

            What I say is based on my own experience and research - Please don't take as gospel without first checking the gospel yourself.

            Comment

            Latest Activity

            Collapse

            • 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
            • Reply to The tenant won't pay due rent
              by Perce
              DPT57

              I agree and this is a problem. Very difficult to find someone you can trust that they would do a good job.

              It looks like one has to become a solicitor first to be able to deal with solicitors. Solicitors forget half of the things you tell them, make errors, expect...
              29-05-2020, 18:52 PM
            • The tenant won't pay due rent
              by Uklondoner
              The tenant just told me he can't pay not even half and didn't apply for benefit probably doesn't know how to. He said I can call Police. What to do now? I know the government back people like him....
              18-04-2020, 18:34 PM
            • Reply to Aiming to get a CCJ on ex tenant
              by Hudson01
              I can not see you getting anywhere with the ex tenants partner but i totally agree you should chase the non paying tenant until the end of time, its is the previous landlords in not going after the arrears which then caused your tenant to be able to not pay you...... somewhere a stand has to be mad...
              29-05-2020, 18:38 PM
            • Reply to Aiming to get a CCJ on ex tenant
              by Perce
              Send your ex tenant a 14 days pre action letter first....
              29-05-2020, 18:33 PM
            • Reply to Section 21
              by Perce
              The tenant should move to a cheaper accommodation which he can afford....
              29-05-2020, 18:31 PM
            Working...
            X