Asking the seller about business rates
I am buying a big garage/small warehouse. I am concerned that although the property is not on the VOA list for business rates, there may have been contact from the VOA. If I ask the seller's solicitor...
View ArticleNotice re. purchase of freehold
Together with other leaseholders I have formed a company and purchased the freehold of the building. Now I have to prepare the paperwork to notify the non-participating leaseholder of the change of...
View ArticleAm I still a lodger?
Hello! Thank you for reading my question. I have been a lodger in a house since approximately 6 months. Now the landlord has moved out and there is a new tenant living in her old room. I was wondering...
View ArticleProperty damaged by police - and I get an invoice..!
In February this year one of my properties was damaged by the Police. The front door to one of my flats was damaged beyond repair by the police when they were looking for a previous tenant. A new door...
View ArticleCosts and fees for aborted purchase - tax deductible this year?
Hi, first post on here. I've got 4 houses in my portfolio and was looking to add a further one this year. Found the property and had survey completed, secured a B2L mortgage but with an up-front...
View ArticleFriendly insurance guidance Request
Hi all, I bought a house in the suburbs of Sheffield way back in 2000, that I've now paid off. I've moved into the city centre to experience a bit of city living, and I have recently decided to take...
View Articlecan landlord change terms of lease to charge more rent
Acrimonious relationship with landlord since he lost at arbitration on rent review Demised area of my lease includes car park with space for 10 cars. Landlord has agreed with the surrounding businesses...
View ArticleTwo Questions: Help Please
Hi Guys I am new to the rental property business and I haven't yet filled-out a tax return detailing my property, so I want to get it right. 1. I purchased the rental property in part with a repayment...
View Articlenotice periods on two-monthly tenancy?
Hi, One of our tenancies with rent being paid every two months has now gone periodic. Is it correct that to serve a section 8 notice, four months rent have to be outstanding? And a section 21 notice...
View ArticleReturn of Deposit Timescales
L is abroad. No letting agent. T gave notice to end tenancy on 28th May 2013. This date was agreed by L. T requested L had a representative present for handover. L's father came on the day and said he...
View Articleletting agent has gone bankrupt. what's next?
hello I am renting my property and had an agency managing the tenancy for the last 2 years. Last week the agency went bankrupt. I would like to create a tenancy contract with the tenant directly. What...
View ArticleCan I pass my rental property over to my wife to avoid high rate tax?
Hi, this is my first post, I hope someone can advise. I own a flat which is rented out, it has a 100k mortgage (in my sole name) on it which I pay interest only, £337 a month. The flat rents out for...
View ArticleSerious question TDS/Mydeposits
Yet another thread today about an agent going bankrupt and nicking a deposit. Where/what is the insurance element in TDS/Mydeposits? It seems that whenever this happens the landlord has to pay up...
View ArticleFlipping property
Hi again If I got hold of an investment, for example: property worth £100k, I bought for £70k, but I didn't want it and instead I want pass it onto a property invester for say £80k, where would I find...
View ArticleCommercial Tenant not paying rent
I have a really basic commercial lease signed by the tenant. The tenant hasnot paid rent for the past month. There is no break clause on the lease and tenant is saying he cant run the business anymore...
View Articleincreasing rent to stubborn tenant
I have a tenant with an expired ast, and who has been served sec21a, and applying to evict very soon. He ia paying same rent as 18mths ago, but is not even paying that for past few months. He agreed a...
View ArticleNon statutory lease extension on property purchase
I am offering on a flat with a 78 year lease. The vendor does not wish to extend the lease before selling but has proposed to apply for a lease extension that I would be entitled to take over on...
View ArticleStolen property
Hi, I need help. Sorry for the long post. I live abroad and have a house that is fully managed with a letting agent back in England. At the end of April the tenant moved out and the agent supposedly...
View ArticleSection 42 Notice
Hi, I have a query relating to lease extensions. I am the freeholder of a building containing two flats. I have received a section 42 notice from one of the leaseholders. Following the Leasehold...
View ArticleRecommended reading for holiday! (Property/investment related...)
Hi all! I'm off on hols next week, so I'd like a couple of things to take with me. Would you mind sharing with me your favourite BTL, property and investment reading? I guess the more recent the better...
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