Advice Needed re Landlord

[AtW]

the freehold owner can't stop you.

Can they ask for a million pounds for it?

[Ardesco]

Nope. It is worked out on the value of the house, the owner and the purchaser have the ability to haggle but if they can't come to an agreement it goes to a Leasehold Valuation Tribunal where they set the value.

More info here:

http://www.lease-advice.org/housframe.htm

[bogeyman]

I'm just waiting for El Gordo to be crowned and promptly declare that:

"all property is theft, and will be reclaimed by the state in the interests of Fairness - errm - unless you're a cabinet minister, or a pal of one, or a major New National Socialist Labour Party donor" *.

Hmm... NNSL

Good strong brand image there! Bit like the SS, but with more 'fairness'.

*or probably you will be exempt if you are a Jock.

[Lucifer Box]

My current house is freehold so it stays in my family until Gordo or some other thieving socialist barsteward finds some way to steal it off me.

>cough< Inheritance Tax >cough<

Assuming it's a house befitting a contractor, it will only take a couple of deaths for its value to have passed to the state anyway.

[wonderwaif]

>cough< Inheritance Tax >cough<

Assuming it's a house befitting a contractor, it will only take a couple of deaths for its value to have passed to the state anyway.

It is fit for a contractor, but being oop north it is a lot cheaper than a Larnden shoe box and besides, once the property crash comes it's value will be well under the inheritance tax threshold.

[Noddy Holder]

Dont Rent Property

Renting property is a cr@p idea , tennants stop paying rent first sign of trouble , damage property , create lots of noise and leave you with unpaid bills , which are now becoming the responsability of the landlord. A water company refused to turn on the water at one property I own unless I paid the bill!!

Try going to court to get money and judges are not interested , the law is firmly on the side of the tenant.

If your thinking of renting property FORGET IT!! , its an even worse idea than opening your own shop.

Cant remember who said it but I was told a long time ago if you want to make money Dont deal with the public , that is sooooooo true.

[hattra]

I will never rent out a property again

I rented my London "Maisonette" out for two and a half years when I went over to the USA to work - had a tenant all the time, but only got paid for about half of it (the best payers were the ones with the least money). And I would probably have done less damage if I'd just burned the place down. I used a "good" agency as well - and had insurance, which paid out long enough for the agency to recoup all its "fees" for NOTcollecting my rent, and then stopped. Of the three sets of tenants, I had to take Court action against two of them - won both times, but still got nothing. The only thing that got one lot out was the Inland Revenue raiding my "company premises" to confiscate all the estimated tax that they thought I should be paying - then they discovered the letter from my accountants informing them that the company wasn't currently trading. My accountant got a written apology from the Revenue (he framed it and put it on his office wall) - I didn't. The tenant (and his dodgy taxi company) disappeared that night (owing about eight months rent)

Barstewards

[MarillionFan]

How do you get in a situation of non-paid rent?

I mean, if someone was a month behind, screw the idea of nicely worded letters etc, I'd go round. If someone owes me more than a £1k I sent the heavy boys round - f-ck your legal rights. You're out, Im round there and chucking you out and changing the locks. And if you want to screw me over for a grand or more then I'm going to have someones legs - you can discuss the legalities of it from a wheelchair.

[zeitghost]

By the time Hank has read all that his face would have turned blue.

No he wouldn't.

CO makes you go a rather fetching pink colour, assuming you are pinkish to start with.

Which sort of begs the question of what colour you go if your skin is say, green, or even, um, brown or black.

[Gonzo]

Advice nneded re Landlord

Hank

I think that there is some useful advice on this thread, but in the meantime I would keep a window open if I were you.