Residential Letting Questions

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Started by vicks, 10-05-2012, 18:25 PM
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Started by Lawcruncher, 08-03-2010, 14:27 PM
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Started by Lawcruncher, 03-01-2016, 11:16 AM
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Started by Moderator2, 20-10-2014, 06:54 AM
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  • Structuring a deal - Purchase Option/Overage Agreement?
    pdmalik
    Hello,

    There is a derelict property with good potential in my area. The owner tried to sell it in a local auction few years back and did not get what he wanted (actually did but got greedy). Now he can even sell it for cheaper than what he was getting in the auction. Property has good potential...
    23-07-2017, 16:52 PM
  • Reply to Structuring a deal - Purchase Option/Overage Agreement?
    wfd_property
    So you are wanting to act as the owners agent, submit the outline planning agreement, represent the property at the national auction?

    Surely he simply signs to confirm agreed disbursements and your commission percentage?

    Are you able to say which university city this is?...
    24-07-2017, 22:25 PM
  • Tenants want to buy, advice needed
    Manchesterlandlord
    hi there

    had tenants in a property for 4 years. Looking at selling the property for various reasons and they are interested in buying but need more time to get a deposit together. Has anyone ever set up a deal like the rent to buy schemes you used to get with new builds?

    t...
    24-07-2017, 19:54 PM
  • Reply to Tenants want to buy, advice needed
    wfd_property
    Do they have a mortgage in principle? Will they show you bank statements / letters from parents to confirm that deposit is almost there?...
    24-07-2017, 22:21 PM
  • Reply to Tenants want to buy, advice needed
    KTC
    "More time" - days, weeks, months, years?

    Can you wait that time? How long would it take you to evict to sell with vacant possession? How much of a possible hit would you need to take to sell with tenant in place?
    24-07-2017, 21:44 PM
  • Freeholder Scaffolding Over My Flat
    Jcg76
    I have a leasehold studio flat with a garden in London that I rent out to tenants.
    Recently, the freeholder gave me three days notice that he was extending part of the building my flat is joined to and he would need to put scaffolding on my flat roof and in my garden. I immediately objected saying...
    24-07-2017, 21:20 PM
  • Reply to Tenants want to buy, advice needed
    nukecad
    At the moment you they pay rent and it's your property.

    With rent-to-buy you are proposing that they agree, in principle, to buy the property off you after a certain time for a price agreed now.
    And at the end of that time they can still walk away without buying.

    In the...
    24-07-2017, 20:56 PM
  • Reply to Tenants want to buy, advice needed
    jpkeates
    Just rent to them while they buy it and sell it to them as though they weren't tenants.
    Anything else is fraught.

    When the sale completes, they'll be their own landlord - so the lease will be academic.
    Give them the deposit back and you're done....
    24-07-2017, 20:28 PM
  • Landlord asks that T to pay deposit protection charge each time we renew AST
    JP23
    Why must we continuously renew our deposit with the scheme each time we re-sign our AST i.e. every 12 months?

    Why can the deposit not remain protected throughout the duration of the overall tenant occupation?

    Is our landlord acting in questionable faith by asking us to pay...
    23-07-2017, 04:18 AM
  • Reply to Landlord asks that T to pay deposit protection charge each time we renew AST
    jpkeates
    Unless the OP comes back to confirm whether the charge was pre-agreed and now regretted or simply sprung on them, we're a bit stuck.
    24-07-2017, 19:48 PM
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