Jump to content
House Price Crash Forum
Sign in to follow this  
fru-gal

This could be interesting if true...

Recommended Posts

I assume the response:

Quote

If the tenants runs a business in breach of the tenancy then the whole relevant part of the Landlord and Tenant Act 1954 does not apply.

Sums it up pretty well.

Caveat emptor for the property owner, ergo, get a good solicitor to vet your tenancy contract and ensure that your tenant doesn't pull fast ones.

Share this post


Link to post
Share on other sites

 

Home based small business such as hairdresser, nail bar, or a borrow to let DEBTjunkie for instance. Perfectly viable home business innit?

 

Rent out one of your properties to yourself, bang your own business in there, bang the rents up, claim the increased rents as a taxable allowance against the business, give yourself a nice little earner. Then once you're in, you can rent another one of your properties out to another borrow-to-let DEBTjunkie to run their small borrow to let DEBT business from, stick them in there on a lifetime tenancy, bang the rents up bosh they aint going anywhere, but they don't mind because they're claiming the costs against their own small borrow to let DEBTjunkie small business like a proper small business entrepreneur.

Then they, in turn, can fill one of their own properties with another borrow to let DEBTjunkie to run their small business from. etc. etc. etc. The end result is hundreds of thousands of houses are created, housing crisis solved. GDP goes through the roof, deficit solved.

Then, you can rent out the box room to an unsuspecting young professional couple of renter scum on above market rents for a bit of pin money, wait until they're settled then just bang the rents up, innit.

Share this post


Link to post
Share on other sites
3 minutes ago, cashinmattress said:

I assume the response:

Sums it up pretty well.

Caveat emptor for the property owner, ergo, get a good solicitor to vet your tenancy contract and ensure that your tenant doesn't pull fast ones.

But if you have a thicko landlord and you ask them nicely if you can sell stuff on ebay as a business and they send you a written reply to the affirmative, you could have yourself a lifetime tenancy. Most landlords don't seem to be educated about their obligations or reading the small print, they just copy the AST and pocket their tenants money.

Edited by fru-gal

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   43 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.