Friday, March 27, 2009

BBC mentions tenants again

Tenants are 'recession victims'

"Campaigners are urging the government to help protect thousands of private tenants facing eviction as landlords increasingly fall into arrears." What's wrong with simply forcing the banks to honour the remainder of the tenant's contract. It's the only fair thing to do and it might actually make the banks think about thelending in the first place their lending criteria in the first place.

Posted by phdinbubbles @ 07:27 AM (1011 views)
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7 thoughts on “BBC mentions tenants again

  • good point …. you should try making a petetion of post on the number 10 website. What has been most unfair about the BLT saga is investors with little or no money of their own have been able to outbid FTB who are looking for homes. Forcing banks to honour the tenants contract seems like a fair solution to a more balanced playing field .

    I think BLT has its place, look at all the cheap property you can rent now, but it should not be at the cost of taking homes form others. There must be some restriction place on BLT in terms of the LTV ratio etc

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  • If I was forced out like that I would stick a frozen mackerel down the side of the radiator, put rotting food into the fridge and take all the fixtures and fittings!! The bank can sort it out. I am disgusted by this if it is only 2 weeks. I thought it was 4

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  • There is a simple solution to this:

    The landlord should be legally obliged to inform the lender of any tennancy agreement being entered into, in return the lender should then be legally obliged to enter into a communication relationship with the tennant over the entire period of the tenancy. This would allow complete transparency for all parties concerned and would in turn provide protection from unreasonable or unforseen eviction.

    Simple legislation that could be enforced, if our government really cared?

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  • Maddison – I like your style. As a student our landlord kept our deposit unreasonably. I wonder if he has found the pile of meat we left in the false ceiling in the kitchen yet?

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  • timmy t –

    You should have written him letters and threatened and followed through with the small claims court, I got my money back plus a good rate of interest plus a token for my day off work (only a ‘token’, since the maximum was £50 unfortunately, but it was worth taking the day just to watch him squirm).

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  • The Tenant should be in a position to sue the Landlord personally for breach of contract if a tenancy is ended halfway through its term. I would encourage any tenant in this position to take their Landlord to the cleaners. This would certaibly be the case in a commercial tenancy agreement.

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  • Soviet;
    There is no breach as the landlord has lost title to the property and so is unable by ‘Frustration’ to abide by the conditions of the contract, (the tenancy agreement), do not try personally or encourage others to embark on an action that is doomed to failure.
    In a commercial contract this eventuality will be covered by a separate enforcible clause.

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