New Look Landlord Trader

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    New Look Landlord Trader

    If you haven't checked out recently then you might be surprised how much things have changed in the last few months - we now have listings for overseas off plan and land. The investment property market still remains bouyant and some areas, particularly Scotland and the NE are continuing to show promise.

    The LT team has also grown recently to expand the already bustling investor community, click here www.landlordtrader.co.uk to see the latest property investment deals. We look forward to hearing from you soon!

    Kate Lamberth
    Landlord Trader

Latest Activity

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  • Reply to arrears and damage
    by Hudson01
    I applaud you on your forward thinking in regards '' tailing '' them, very smart. I agree with the above comments, i feel for the new landlord...... and in my opinion if you had, had the opportunity to evict them and their two children it is not you who is responsible but the adult who has decided not...
    11-07-2020, 18:16 PM
  • arrears and damage
    by Dougie99
    Hi, I have recently had 2 tenants leave Mother and daughter and 2 kids. They had been in arrears since Feb and left owing £2130.

    I had £1040 deposit signed to me and they signed an agreement to pay arrears over 12 months, they moved out a day before they said they were going to and moved...
    11-07-2020, 08:10 AM
  • Reply to Rent Guarantee Insurance
    by AndrewDod
    I guess the only point ever to insure is if

    a) You think they have calculated a too-low premiums based on the (correct) information you gave (extremely rare) so that you will statistically "win"

    b) If the event (if it occurs) will be life changing. Like medical travel...
    11-07-2020, 18:14 PM
  • Rent Guarantee Insurance
    by oi2004as
    Hi

    I would be interested in your view on the following

    I received a renewal Legal & Rent Guarantee Insurance documents from Rentguard (which initiallyy I purchased through Openrent)

    There is the following condition in their 'statement of fact':
    "The...
    11-07-2020, 11:59 AM
  • Reply to Rent Guarantee Insurance
    by Section20z
    Insurance can never pay out more than it takes in premiums so you're on a hiding to nothing. The only way you'll ever win on insurance is if you have below average luck, but in that case you'd probably also find you'd forgotten to pay the premium 🤔
    11-07-2020, 18:04 PM
  • Reply to Rent Guarantee Insurance
    by AndrewDod
    Yes, RG insurance is pretty much a waste of time. And this is a ludicrous clause at so many levels. I'd drop the policy....
    11-07-2020, 17:56 PM
  • Reply to Break Clause in AST - Recommendations Please
    by AndrewDod
    I think closer to 10 to 14 months in many places - pre virus. 4 months almost never happens anywhere with a tenant who resists in any way. In that time they can basically steal £15K.

    This average of 4 months will include the 90%+ of tenants who leave voluntarily having been served no...
    11-07-2020, 17:52 PM
  • Break Clause in AST - Recommendations Please
    by landlord-man
    I wish to add a Break Clause into our ASTs - actually, I'd like to put two in there if possible................

    First

    To allow either the Tenant or the Landlord to exit the Tenancy after 4 months.

    Second

    To allow the Tenant (not the Landlord) to exit...
    11-07-2020, 15:54 PM
  • Reply to Break Clause in AST - Recommendations Please
    by KTC
    Well yeah, but whether it's wise, and whether it has the effect you intended are different questions.

    A landlord cannot legally evict their tenant except through the courts obtaining an order for possesion and then having that order executed by bailiffs or High Court enforcement officers....
    11-07-2020, 16:56 PM
  • Reply to Break Clause in AST - Recommendations Please
    by theartfullodger
    General advice is to avoid break clauses as they are notorius for being difficult to get valid (only way to find out if they are valid would be in court if tenant and/or landlord sues the other one).

    First doesn;t need a break clause: Simply make initial fixed term of AST only 4 months:...
    11-07-2020, 16:47 PM
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