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[jpkeates]

The time to start checking things is now.
Agents are often not very good at serving notices and can introduce serious delays.

For example, the notice period for a section 21 notice today is four months, but from October 1st it's two months.
So serving a s21 notice this month...

[jpkeates]

The only way for a landlord to bring a tenancy to an end unilaterally without one or more of a specific set of reasons is to serve a section 21 notice, and if the tenant doesn't co-operate, take them to court and, having won (which isn't always the case), engage bailiffs.

It's quite likely...

[jpkeates]

If the rent is "guaranteed", something is wrong.
That's not commercially viable for an agent.

[jpkeates]

I'd expect the judge to award possession based on the circumstances.
But they're a law unto themselves, and nothing is 100% certain.

[jpkeates]

Don't use an agency that you have no experience of.
If you don't have one, do any friends or relations have a relationship with one?

Otherwise, I'd go for a large national or regional chain that's posted profitable accounts recently.
You definitely want someone with a present...

[jpkeates]

If the advice from the lender didn't include a discussion about leasing the property to a company, I'd have the conversation again.
If it did, and the lender doesn't have an issue with it, my concern is clearly academic.

The article you linked to is clearly separating itself from...

[jpkeates]

SDLT is a cost associated with the purchase and can be deducted from the gain before tax is calculated.

[jpkeates]

13579qet
The poster of the original question hasn't been back to the forum to post (with that name at least) for nearly 5 years.

If the deposit is protected by a deposit protection company, they will have an arbitration route that you should use.
If the...

[jpkeates]

It is very unlikely that your lender will allow a consent to let for either a holiday let or letting to a company.
So, the first hurdle may be a showstopper.

I don't think HMRC would allow the arrangement that you are proposing.
If you lease the property to your own limited...

[jpkeates]

Even if the tenant had switched off an unmarked switch in their garage, I don't see how they can have been responsible for the call out.

[jpkeates]

If the tenancy agreement was in the company name, I agree with the agency.
The deposit belongs to the company.

You would have to show that the company let was a sham, which it quite possibly was, but it’s one you instigated and supported for a long time.

It raises issues...

[jpkeates]

Your plan has a fairly basic problem, in that it's almost impossible to guarantee that the person living in the property while you're in Canada will leave after six months.

You'd pretty much have to find someone with exactly the same life cycle as you, with an exactly matching six month's...

[jpkeates]

It's remarkably difficult to get a section 21 notice right.
The nearly legal checker linked in theartfullodger 's post is a great start....

[jpkeates]

It's not black and white, because what is allowable depends on the specific circumstances of the work and property.
Some of the work you describe could easily be maintenance, for example, the basement rooms could easily be a repair to correct water coming in, and the sinks sound like replacements....

[jpkeates]

Use the government web site's Form 6A.

[jpkeates]

Salaries will go up (demand is greater than supply).
That will increase the cost of most things, as the higher costs are passed on.
House prices and rents will increase, because, again, demand is higher than supply, but there is a natural cap created by wages (as people are paid more the...

[jpkeates]

If this is in Scotland, the law isn't the same as in England, but I'm reasonably sure than a daily late rent fee of £5 a day isn't enforceable.
It's a penalty charge, which aren't allowed in Scotland (or England), because the fee far exceeds the traders actual loss.

You might mention...

[jpkeates]

Was there a question?

[jpkeates]

Ted.E.Bear I think there's an issue when the service is a residential lease, because once the tenant has moved in, the right being contracted has fully exercised, which means it can't be unwound.
In this case, if the tenant had entered into the contract and then declined to move in, they could...

[jpkeates]

You only get a short window to unwind a contract, 90 days is way too long.