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2rocketman

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Posts posted by 2rocketman

  1. I thought the whole point of this discussion was the landlord did not want to give you notice? but wanted his cake and eat it! If they are issuing straight forward 2 months notice, they are well within they’re rights and there is no problem to answer. 

     

    "The landlord has asked us to try and sell the property you are renting. They don’t want to give you notice as they feel it is unlikely to sell in this market but would like us to see if there is a buyer out there. We would like to come round to see you to discuss this and how we can keep disruption for you to a minimum."

  2. 3 minutes ago, Upabove said:

    If you get on with the landlord and they've treated you well (meaning actively doing good things for you not just the absence of bad which is the low bar we normally set them), then sure.

    However why should you be reasonable with someone who has zero legal right to come into your home?  (and has probably already profitted handsomely off you during your tenancy).

    Frugal git, I'm going to be coming round tomorrow to have a BBQ in your garden, do you mind? Being reasonable I'll give you £40 as it'll only be about 2 hours disruption to you....

    ?

  3. 9 minutes ago, Frugal Git said:

    I think a *reasonable* request for disruption is just that...reasonable. 50% of a months payment is unreasonable.

    But (say) a £25 reduction in rental payment per viewing in these type of circumstances should be the norm. It’s about an hours disruption all in so that sounds about right.

    tenants should start suggesting that to agents en masse.

    I guess it would be a cool idea if you could rent homes that were up for sale on a very short term with inconvenience basis, but with the benefit of discounted rent. Wouldn’t suit everyone that’s for sure, but for those looking to keep outgoings to a minimum whilst saving? I would put up with it if it was worth my while. Personally I would not do it for £25 a viewing. That could be 1 viewing followed by £25 cheque and your eviction notice before you have decided the best place for the telly. 40-50% reduction though and I would be keen to take the risk of moving every 8-12 weeks. 

  4. 54 minutes ago, Upabove said:

    The LL or EA has zero rights to access your flat for viewings.  It is your home! How would a owner occupier respond if a random interior decorator asked to show clients round their home? They'd say pay me or F off.  The LL or EA has just as much right as that hypothetical decorator. 

    Be polite, but firm.  State the law, state you're always happy to help, but also state you see no reason why you should have your life and home disrupted for no compensation.  

    Agreed. The owner needs to make a choice. Are they a seller or a Landlord? You can not be both without a very compliant tennant. Which would require negotiation in the tenants favour in most cases to put up with such disruption. What strengthens your position, is you are probably the only tenant they can make a deal with!  You can’t ask an estate agent to find a new tenant and a buyer at the same time. Also, any potential new tenant informed of the situation would immediately expect a reduction in price so that would just be a pointless exercise for the owner. 

    An existing tenant who is willing to put up with viewings, pay X amount up until exchange of contracts is the best scenario any seller could possibly hope for. Potentially it could be a great arrangement for both parties. Providing it is something you are willing to tolerate of course. 

    Obviously it is a shame if you view it as your home and have grown attached. I look at mine as somewhere to sleep. It holds zero value to me, which makes it a lot easier when it comes to negotiating but not very nice to live in. 

  5. 42 minutes ago, spyguy said:

    Two choices:

    1) Ask the EA to progress with a eviction notice and period. After which they can have as much access to the empty property as they like.

    2) Pay a pepper corn rent whilst you accommodate the hassle.

     

    You can point out to he EA that your tenancy permits you quiet enjoyment.

     

    If the EA has billed charge you for tenancy - credit check, inventory fees etc etc.

    Id suggest you give him an costed list of activity:

    Talk to EA -£500.

    Show buyers round - £1000.

     

    The tenant holds all the power in this situation. If you vacate, the landlord will probably need to redecorate, loose rent income, pay council tax. If it remains on the market for a long time they may feel more pressure to take a reduced offer with it sitting empty. 

    It is a renters/buyers market at present, so no doubt if you have to move you will negotiate a better rate on your new  tenancy. 

    Personally I only have 6 months tenancy agreements,  I have reduced it by £50.00 on the last 2 renewals and I will do so again in April. They will no doubt agree because if they even have 1 month void, then have to pay new tenant referral fees, admin etc,  the costs will run way above the £300 reduction I’m proposing. 

    I feel I have them by the balls because I’m a minimalist and I’m prepared to walk away no problem. I will just rent one of the other empty flats in the block. 

  6. 26 minutes ago, AdamoMucci said:

    Asking EA to serve notice seems silly. Why start the clock on your own eviction when you havent found a place?

    And to agree to pepper corn rent, LL might as well give notice which puts OP on LLs time frame.

    As to asking for a grand, not only are they going to refuse since the whole idea for LL is to keep the money coming in during this period, they are going to take offence at these sorts of numbers and the whole thing is going to escalate into something nasty. And it is not going to change anything. Tenant has to leave, and taking this sort of attitude is just going to make it more likely that they immediately receive two months notice which loses the OP the only power they have, which is to be the one to give notice on THEIR time frame.

    Its all just tit for tat stuff and tinkering around the edges. Tenant is still going to have to leave. Should just get on with it.

    You sound like a landlord?

    I’m actually envious of this guys situation, I rent and if my landlord approaches me in this manor I’m going to go to town...

  7. 1 minute ago, AdamoMucci said:

    OP,

    Dont do as advised here. You are not going to get a rent reduction, you are just going to embarrass yourself. And if you start refusing viewings you are just going to cause needless conflict. And you will still have to leave. Just get on with it and find a new property.

    Each to there own I guess. As the tenant what is there to loose? Conflict would not bother me at all. I would be spinning it to my advantage.

    You say there is no chance of a rent reduction with some certainty? The owner could have an incredibly long void period right up until exchange of contracts. 1 year plus easily. Throughout which time he will be liable for the council tax etc. 

    50% better than zero. 

  8. 32 minutes ago, Freki said:

    Disruption means compensation, ask to have your rent halved. 

    Agree 100%. I would start by asking for a 50% rent reduction before you allow a single perspective buyer through the door. After all, you could be allowing a potential burglar to have a look around your house. It will cause you significant disruption, putting valuables away, interrupting your work, cooking, television etc or vacating the property all together.  If they are unwilling to agree to this proposal I would end the existing agreement as quick as possible on the grounds it has become untenable. 

    Find somewhere new to live and let them enjoy the void! 

    Good luck. 

    P.s out of interest what area? 

  9. 1 hour ago, Meerkat said:

    A nice place, lovely scenery. Been there. A serious contender for a place with friendly taxation regime combined with very high quality of life; knowing a local language would help a lot. Here's an English expat's assessment:

    https://andorraguides.com/living/what-it-is-like/

    It’s safe to walk the city (or village) streets at dark. Cyclists don’t lock up their bikes while at a cafe. It’s not uncommon to see a car idling, keys in the ignition outside of a bakery or bank!

    I don’t think there are too many places left in the UK that you could say this about! 

  10. 1 hour ago, reddog said:

    No, why?  What's the attraction for you?

    I know of someone emigrating to New Zealand so come across it while looking as you do. Sounds fantastic on paper though. Great health care, one of the best education systems in Europe, low cost of living, low taxes, one of the lowest crime rates in the world, long summers, skiing in the winter (if thats your cup of tea) great scenery as mention by Meerkat. I guess you could visit Spain and France in the same day also. I’ve never heard anyone mention it or known anyone to move there.

     

    2 hours ago, Ah-so said:

    For priced out first time buyers? Beats a new build in Luton.

    Yes, I would say it beats Luton. 

  11. 1 hour ago, Wayward said:

    Leytonstone..? Danger is some of these areas will become no go areas in the not too distant future. Why folk would buy in at such price prices in areas with so fragile societal cohesion is a total mystery to me...it is a huge risk.

    Its going to be the family home apparently. They’re selling the 2 bed flat in Hackney they currently live in. Made just shy of 300k in 6 years.

  12. 55 minutes ago, Wayward said:

    This time it's different....?

    If we get a crash so many are going to be punch drunk from the hit. You only have to look at the price of property when first listed on Rightmove. Shortly after reality sets in and it’s reduced, reduced, reduced before being withdrawn from the market. Many who have not tried still think they can sell the same week for fortunes. Just chatting to someone a short while ago who is in the process of buying a 4 bed terrace for around 750k in Leytonstone. Rather them than me. We need forced sellers and I think with S24 and all the other variables we are going to get them.

    Hold on tight. 

  13. 49 minutes ago, TwoWolves said:

    There's quite a lot of evidence that there is a crash underway. Prices are falling in Silicon Valley and New York I read recently, even super bubble Hong Kong is drooping.

    Things have been slowing here but high immigration and low supply coupled with strong employment have made the falls more gradual. It's coming now though.

    Best people to watch is the housebuilders, they have cut new activity sharply in the last six months. They are experts in the market, much more than estate agents and they are clearly positioned for a crash.

    I think there are a lot of people living in denial. It’s hard to see the wood from the trees though when you are up to your eyes in it! I will be amazed if we don’t see a big crash.

    Car sales, holidays, apple, houses, fashion clothing, restaurants etc are all going to take a beating surely? 

  14. 19 minutes ago, Freezer? Best place for it said:

    In all due respect, putting Brexit to one side,  the UK is about to go in recession. You just are kidding yourself about record employment  -  a burger flipper with three jobs doesn’t have discretionary spending.  May’s race to the bottom continues. I last voted Tory in 1997  - never again.  You, like too many,  just don’t get it.

    Agree with you. Many have been forced out of one good job only to replace it with 2 minimum wage positions. I think the employment figures are grossly distorted. I was chatting to a coach driver the other day on £8.34 per hour. Even some carpet fitters (working for big stores) are close to minimum wage now due to foreign labour. 

  15. Just now, Si1 said:

    I remember a few years ago there was a TV documentary cited here, showing people buying/investing in New Battersea apartments. You can't go wrong with London property they said. Interesting of someone could dig out out 

    Would probably be like watching a comedy. Going to get worse before it gets better. Not sure if you ever go up that way but the amount of apartment blocks going up is immense. All high end stuff aimed at the investor who has disappeared. 

  16. 28 minutes ago, Speed1987 said:

    I've noticed the complete opposite to be fair here in Birmingham, increased buying pressure 25 people are viewing my mates house this Saturday, even with Brexit fears. 

    Land being developed by house builders everywhere I turn and houses being trickled onto the market very very slowly.

    I think the economy will be damaged in the next 12 months, answer monetary inflation, Q+E, increased competition from banks to lower rates.

    Increased help to buy support, reduced council building and auctioning of council houses, this is happening here in Birmingham right now.

    Easier access to mortgages maybe even a return to a true 100% mortgage.

    Actually it's most likely after Brexit we will see even more buyers, I know plenty holding off for afterwards, maybe my mates house would have around 50-100 viewers, houses here are easy going up 7-12% near Birmingham city some fetching 75% increase in two years.

    London is cooling not crashing, the market can't be entered by anybody now you need to be a wealthy. HS2 is driving all middle range earners to Birmingham and they'll use HS2 to visit mom and dad.

    Immigration is still high, to high to reduce house prices... even after Brexit it will still likely stand at 300k a year. 

    I think your time will come up there, just need to be patient. They were selling the same day down here around 2015 then everything changed. 50-100 viewings seems a bit extreme but then so does 25 in one day! As for London, I looked at some flats out of intrigue in Battersea some 12-18 months ago. They are nearly 200k cheaper today than they were then, circa 30%. There are some very big reductions across the board up there and it’s not over yet. I’d say it is crashing. 

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