Jokes on the tenants despite this blatant landphobia. I know some fellow kings who will be increasing rent with the new ‘livable accomodation’. I dare say an increase to the mandatory tip could also be foreseen.
Theres always another renter to take the place of the last. With the pandemic practically over this rings even more true.
Question will be is what avenue will enforcement be realised through?
If it’s the already overstretched council teams, I can’t see much in the way of impact. Most tenants change houses before the council will have opportunity to investigate.
What’s the stop the landlord evicting the tenant and selling up instead of doing the repairs?
Oooooor….800,000 homes currently do not meet the ‘decent home standard’ used as a bare minimum, as their Landlords are not willing to maintain them.
All in the phrasing.
Feel like this is a misleading title, it’s only for landlords on the register and not the private sector
I hope this applies to Scotland, renters rights here aren’t as protected
Rentals will go up. Less properties will be available to rent as landlords sell up and invest in, something less hassle
In my experience, the worst landlord seems to be the local council
>To calculate if you have overpaid, multiply your deposit by five weeks’ rent.
>If it is, the difference is a “prohibited payment”, which the landlord must refund if asked – but also protects the tenant from a “no fault” Section 21 eviction if it is not refunded.
Was this written by an algo?
I really do not understand why any Landlord, solely from a business perspective, would not keep their property to a standard that it can be described as “safe, warm and in a good state of repair”.
Now I appreciate everyone will bight my head off for this, but I work in property both as a commercial and residential landlord and a small time developer.
The biggest costs I face on the residential lettings side (aside from financing and debt repayments) are void period and agency fees, which for me are approx. 7% or 8% plus VAT on the first years rent. My business relies on the properties being rented so a prolonged void period is a disaster.
One simple way to avoid tenants moving out it to ensure all of my properties are well maintained. I want the tenants to be happy, as it means they will not move out and leave me on the hook for agency fees and void periods. Ensuring the boiler is modern, working and fixed within 24 hours of it going wrong is always a priority. We repaint the walls in between tenancies with one coat, not expensive but ensure the flats look ‘fresh’. Any leaks, drafty windows, dripping taps ect are all fixed as soon as reported. If a kitchen appliance breaks, I always book an engineer to try and fix it first, but I will replace with a like-for-like if it cannot be fixed quickly, so as not to overly inconvenience the tenant.
I do this because I want to the tenants to be happy in the flat – not due to any moral obligation – but because it makes good business sense. I do not want them to move out and if they like the flat and the service I provide as a landlord they will be less likly to do so. And when they do move out, whether it is because they have bought a place or there own or moving due to a new job or what ever, the flat is already in good condition and ready to go back on the market with minimal delay or work. Currently, my average void period is less that two weeks. The costs of maintaining the flat during the tenancy protects me from greater costs like agency fees and void periods.
Further, why would a landlord not look after THEIR property? The capital apperception of the asset is another important part of the business modle. It is in my best interest to keep it in good condition to maximise this appreciation. Letting the roof leak and damp creep in is like keying your own car – it makes zero sense!
11 comments
Anyone have a link to the new rules ?
Jokes on the tenants despite this blatant landphobia. I know some fellow kings who will be increasing rent with the new ‘livable accomodation’. I dare say an increase to the mandatory tip could also be foreseen.
Theres always another renter to take the place of the last. With the pandemic practically over this rings even more true.
Question will be is what avenue will enforcement be realised through?
If it’s the already overstretched council teams, I can’t see much in the way of impact. Most tenants change houses before the council will have opportunity to investigate.
What’s the stop the landlord evicting the tenant and selling up instead of doing the repairs?
Oooooor….800,000 homes currently do not meet the ‘decent home standard’ used as a bare minimum, as their Landlords are not willing to maintain them.
All in the phrasing.
Feel like this is a misleading title, it’s only for landlords on the register and not the private sector
I hope this applies to Scotland, renters rights here aren’t as protected
Rentals will go up. Less properties will be available to rent as landlords sell up and invest in, something less hassle
In my experience, the worst landlord seems to be the local council
>To calculate if you have overpaid, multiply your deposit by five weeks’ rent.
>If it is, the difference is a “prohibited payment”, which the landlord must refund if asked – but also protects the tenant from a “no fault” Section 21 eviction if it is not refunded.
Was this written by an algo?
I really do not understand why any Landlord, solely from a business perspective, would not keep their property to a standard that it can be described as “safe, warm and in a good state of repair”.
Now I appreciate everyone will bight my head off for this, but I work in property both as a commercial and residential landlord and a small time developer.
The biggest costs I face on the residential lettings side (aside from financing and debt repayments) are void period and agency fees, which for me are approx. 7% or 8% plus VAT on the first years rent. My business relies on the properties being rented so a prolonged void period is a disaster.
One simple way to avoid tenants moving out it to ensure all of my properties are well maintained. I want the tenants to be happy, as it means they will not move out and leave me on the hook for agency fees and void periods. Ensuring the boiler is modern, working and fixed within 24 hours of it going wrong is always a priority. We repaint the walls in between tenancies with one coat, not expensive but ensure the flats look ‘fresh’. Any leaks, drafty windows, dripping taps ect are all fixed as soon as reported. If a kitchen appliance breaks, I always book an engineer to try and fix it first, but I will replace with a like-for-like if it cannot be fixed quickly, so as not to overly inconvenience the tenant.
I do this because I want to the tenants to be happy in the flat – not due to any moral obligation – but because it makes good business sense. I do not want them to move out and if they like the flat and the service I provide as a landlord they will be less likly to do so. And when they do move out, whether it is because they have bought a place or there own or moving due to a new job or what ever, the flat is already in good condition and ready to go back on the market with minimal delay or work. Currently, my average void period is less that two weeks. The costs of maintaining the flat during the tenancy protects me from greater costs like agency fees and void periods.
Further, why would a landlord not look after THEIR property? The capital apperception of the asset is another important part of the business modle. It is in my best interest to keep it in good condition to maximise this appreciation. Letting the roof leak and damp creep in is like keying your own car – it makes zero sense!