Your taxi driver will always pay the rent judging by the type of person he is so you should not worry. He will find work if furlough stops in the future. In my area no businesses went bankrupt.
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Reply to What happens when furlough ends?by Perce
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Channel: Residential Letting Questions
23-01-2021, 22:02 PM -
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by JK0A worrying thought has occurred to me tonight. If furlough ends on 30th April, as I believe it's meant to, are we going to find loads more tenants unable to pay their rent?
I know one of mine is a taxi driver, and I'm amazed he's managed to come up with the rent so far.
Any...-
Channel: Residential Letting Questions
23-01-2021, 19:40 PM -
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Reply to What happens when furlough ends?by JK0Okay, but presumably this can't go on forever? At some point, businesses will have to acknowledge that they are bankrupt, and sack all their employees. They will then be on housing benefit, which is only about 75% of market rent....
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Channel: Residential Letting Questions
23-01-2021, 21:50 PM -
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Reply to What happens when furlough ends?by PerceIt will be extended again under pressure.
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Channel: Residential Letting Questions
23-01-2021, 20:47 PM -
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Reply to What happens when furlough ends?by Hudson01I would rather attempt to predict next weeks lottery numbers........ but as a best guess you could be right, i suspect that by Easter the lockdown will be eased and the vaccine would have been rolled out enough to lower the cases in hospital.
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Channel: Residential Letting Questions
23-01-2021, 19:48 PM -
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Reply to Trouble with step motherby Hudson01I can see how the above would have occurred but in the OP's case the father in law knew exactly what he wanted to avoid and i can only assume he instructed his solicitor at the time of his wishes, whom then should have drafted the deed with that in mind, it should be air tight on that point.
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Channel: Residential Letting Questions
23-01-2021, 19:43 PM -
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by JulHi my husband was given a property as a deed of gift after his mother passed away in 1991 from his father. My husband put in place through the solicitor that his father could live rent free in the property but had to pay bills and any repairs or updating. His father married later the same year. The...
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Channel: Residential Letting Questions
19-01-2021, 09:53 AM -
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Reply to accepted definition of furnished?by whatsthenewsThanks for all the replies.
I was asking because my son's just rented a flat (his first time apart from furnished student accommodation) which was advertised as furnished.
It has a bed in the bedroom
Sofa and TV unit in the LR
Integral F/F and oven /hob and washing machine in...-
Channel: Residential Letting Questions
23-01-2021, 19:34 PM -
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by whatsthenewsHi,
New member here. As I believe there's no legal definition of "furnished", would people offer their opinions as to what they consider the minimum items for a furnished letting? Is there a doifference between "furnished" and "fully furnished"?
If it makes...-
Channel: Residential Letting Questions
22-01-2021, 21:43 PM -
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Reply to Trouble with step motherI've had a very similar situation, having purchased quite cheaply a flat in a Marylebone mansion block for which the occupier had been granted a life tenancy at a nominal rent (far lower than the service charges) and a lump sum in consideration of him giving up the tenancy of a top floor flat which...
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Channel: Residential Letting Questions
23-01-2021, 19:28 PM -