chichi Posted February 29, 2008 Share Posted February 29, 2008 Evictions because HB will be paid to tenants and not the landlord. Some private company is evicting loads of people http://www.nwemail.co.uk/news/viewarticle.aspx?id=799766 Ship Street Properties has served three months’ notice on about 140 tenants in Ship, Brig, Barque, Schooner, Sloop and Steamer Streets. So what will they do? (a) Find new employed tenants? ( Pull the place down and build more flats? The area is here http://maps.google.co.uk/maps?f=q&hl=e...158272&z=13 Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted February 29, 2008 Share Posted February 29, 2008 Vacant properties are worth more? Quote Link to comment Share on other sites More sharing options...
expatowner Posted February 29, 2008 Share Posted February 29, 2008 Ship Street Properties has served three months’ notice on about 140 tenants in Ship, Brig, Barque, Schooner, Sloop and Steamer Streets. So what will they do? Build a dockyard? Quote Link to comment Share on other sites More sharing options...
Tinman Posted February 29, 2008 Share Posted February 29, 2008 Ship Street Properties has served three months’ notice on about 140 tenants in Ship, Brig, Barque, Schooner, Sloop and Steamer Streets. So they are up ship creek without a paddle?? lol Sorry Quote Link to comment Share on other sites More sharing options...
mitchbux Posted February 29, 2008 Share Posted February 29, 2008 Sorry You will be Quote Link to comment Share on other sites More sharing options...
Paddles Posted February 29, 2008 Share Posted February 29, 2008 Haul anchor and avast me hearties. Quote Link to comment Share on other sites More sharing options...
dellboy Posted February 29, 2008 Share Posted February 29, 2008 (edited) When the rent is payed to the LL they are guaranteed their income each month. And many councils only use LLs that attend certain courses and are affiliated to the correct organizations. It's not such a bad deal for the taxpayer once you accept that the root cause of the problem is the homeless tenants. If the tenant is given the rent, they are still obliged to use it for the rent only, but they are now able to rent from any private LL, thereby opening up their options tremendously. This might seem like a nice thing to do - but most tenants have zero financial accumen. Suddenly, these tenants with choice have become a big risk and the LLs are doing the correct thing financially. The risk profile has changed and they need to spread that risk amongst the other LLs in the area or they will get wiped out very quickly. Edited February 29, 2008 by dellboy Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.