In just a few short weeks the way you manage your properties (and your finances) may have changed. Because of the pandemic you may be dealing with tenants who are unable to pay their rent, mortgage holidays and a whole host of other issues.
In just a few short weeks the way you manage your properties (and your finances) may have changed. Because of the pandemic you may be dealing with tenants who are unable to pay their rent, mortgage holidays and a whole host of other issues.
“God grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference”. – Reinhold Niebuhr When the crisis passes, and it will, we will all need to pick up the pieces and put our businesses back together. There are some things that […]
Retail tenants in a major shopping centre in London were shocked to receive a blunt warning from their landlord. It said in no uncertain terms: pay your rent or the next step is court. Before Covid-19 struck, commercial landlords considered court action as a last resort, only done when all other steps to recover the […]
Noisy tenants can be a problem for landlords. Whether your tenants are fans of loud music or your properties are located in streets where there are problem residents, noise issues can cause all kinds of misery.
The government says we could be stuck in lockdown until June. We all know it’s necessary and extreme social distancing does seem to be working, but let’s be honest – it’s hardly much fun. But as many others are using the time to be more productive you could follow their lead and do something useful […]
Commercial landlords are accusing tenants in the retail and hospitality sectors of deliberately withholding rent to save money while they navigate the stormy waters of the current coronavirus crisis. Many landlords are now threatening legal action in a bid to recover the outstanding rental payments.
The UK is a very different place since coronavirus struck. Businesses have gone bust and a lot of people are out of work. The government has been forced to pull a few rabbits out of the hat to try and prevent economic catastrophe. These measures have included plans to help landlords and people living in […]
The press is full of negative news right now, but like a shining ray of hope, we have come across some lovely stories of kind-hearted landlords willing to put their own needs aside to help their tenants.
Coronavirus is affecting everyone. People have lost their jobs and many are sick. The Prime Minister is concerned enough to put the country in lockdown, with everyone instructed to stay indoors unless it is absolutely necessary to buy food, collect medication, or go to work. This is a good thing, although it won’t be much […]
So, we’re here again, another month another newsletter article. What do I write? Simple, I open my pre-prepared list of ideas, choose the one I think is most meaningful for this month, and start typing words onto the page…
Life as a landlord means dealing with a lot of red-tape. From drawing up legal lease agreements to making sure your properties don’t fall foul of the Homes (Fitness for Human Habitation) Act, if you fail to meet your legal requirements, you could end up in court.
The COVID-19 pandemic is understandably causing a lot of people significant stress right now. From concerns over vulnerable relatives and the potential loss of work to panic buying and stripped supermarket shelves, these are uncertain times. But one landlord’s kind action has prompted thousands of people to share messages of support using the hashtag #ThankyouMrLandlord.
When BHS went into administration in 2016, not much was said about the 164 commercial landlords owed £4 million in unpaid rent, some of whom were also private landlords. Many of the properties were old, in poor condition, and too large for most prospective tenants.
The Residential Landlords Association is warning landlords that many tenants are living in their overdrafts. With the new FCA rules on overdraft fees coming into effect in April, it’s likely that many tenants will slide further into debt – which could impact their ability to pay the rent on time.