No Fault Evictions

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Landlords are selling up over fears Labour is plotting a capital gains tax raid that could add thousands to their bills.

The number of new landlords instructing estate agents across the country fell 16pc in the three months to July, but in some areas the drop was much more stark.

In East Anglia, instructions were down 59pc over the same period, and in the East Midlands they were down 37pc – more than double the fall recorded for this area of England a year ago.
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Great news if you're looking to rent.
 
To answer your points Jacob. I think HMRC is incredibly inefficient. The best people are attracted to the accounting firms (I used to be a partner in one of the international ones) or the tax departments of law firms. Tax is FAR too complicated and this does not help HMRC and plays into the hands of consultants. HMRC is broken and working from home civil servants are not helping.

I suspect when you say firms are in fixed locations, it suggests you have never worked in a global business at senior level. Many big businesses now are highly mobile and have a multitude of ways of shifting profits out of high tax regimes. I've worked mainly in financial services (commodities, hedge funds etc) and have seen close up at first hand exactly how easy it is for a determined, motivated and smart management team to shift costs / licences / IP / turnover / profits and people around.

Contrary to your assertion. It is not at all easy to hit the upper tier. The Laffer curve is irrelevant to the decision making process of the well off. I have personal practical experience of a complete business shifting all board operations and the vast bulk of profits out of UK jurisdiction in short order (weeks). Do you seriously think that people clever enough to make serious money from trading that is not tied to a physical location (ie practically all financial services) did not anticipate the labour victory, the ineptitude of Reeves, Rayner & Starmer, and make provision to shelter wealth ages ago? Some of the stuff the left comes out with in the tax the rich mantra is naive. In reality their easy target is middle class highish earners and soft targets such as less mobile pensioners.

I realise that debating it is pointless as people tend to have entrenched views, often based on belief rather than knowledge. So I commented merely to provide balance. Unfortunately the UK is much diminished as an economic power. I happen to think it would make far more money in tax revenue by becoming a low tax haven attracting inward investment. But labour tends to level down rather than up as it is blinkered by equality of outcome rather than opportunity.
https://www.theguardian.com/news/ar...ich-could-raise-15tn-globally-campaigners-say
 
Before targeting the successful which is a left wing mantra, Starmer et al should be concentrating on plugging the estimated 11% of GDP hole that is the black economy!
If that was plugged ( 11% of £3 trillion ) there would be no need to raise taxes by targeting those who are successful which will only serve to increase mediocrity. I'd much prefer to live in a meritocratic society where one is rewarded for success than one of mediocrity being its mantra which socialism generates.

How does one suppose that all of the illegal migrants who over the years have successfully and covertly entered the UK or overstayed their visas support themselves? They either resort to crime or very often work for unscrupulous employers who exploit these people.
These are the businesses which should be targeted.

I live in a rural market town and a few years ago an Indian restaurant was opened and within a year even they had been prosecuted for employing illegal immigrants. This happens nationwide on an industrial scale. No one even knows the true scale of how many people live illegally in the UK, such has been the apathy of those in charge of migration.
One thing is certain and that is many people are not paying the taxes they should.

This has nothing to do with me liking or disliking migrants, in fact as someone who was S/E and worked for themselves their entire life they actually have my respect and admiration in many ways for getting off their backsides, travelling thousands of miles to make a new start but it's the dishonest businesses owners which employ those here illegally who are putting other established businesses which stick to the rules at a disadvantage in that the dishonest business owners/employers are not disclosing their true earnings nor paying proper wages or taxes.

I don't think anyone objects to someone doing the odd weekend 'guvvie' job but it's the scale of the problem which is the issue.
I'm not right wing and certainly not left and the way I see it, Starmer after just a few weeks in office has already lost the people, in fact I don't think they'd have even given him a second look if it wasn't for the Tory's poor showing in recent years.

The fact is that oppressive taxation will encourage everyone and not just the wealthy to avoid paying the taxes where possible. Businesses which are able to will simply respond by relocating to lower taxation regions in the world so not only has the UK lost that business tax revenue but likely the jobs which their employees enjoyed.

The same applies to investments in stocks etc. People take a risk by investing their money in the hope of making a profit. If the tax is too high then they will just invest their wealth in other regions of the world where taxation is lower and the loss once again is the UK's.

Many years ago, Nobel Prize winner for economics Friedrich Hayek once said: "If socialists understood economics, they wouldn't be socialists." which arguably is true even today.
 
Targeting other peoples assets as a solution to a problem is not really solving the problem. Perhaps get off your own ass to become one of those you want to target and then do the right thing. Before people talk about ‘old money’ I’m all for 100% inheritance tax.
 
I 'was' a 'landlord' for ten years while I was working in the mines here in Australia, and I had two good tenants- and one that left me with over twenty grand in repairs, and a legal bill on top to get her out...

(in fact, financially speaking, I would have been better off leaving it empty the entire time I was working interstate!!!)
:mad:

In fact, after her, I left the place empty for three years, rather than rent it out again, until I eventually sold it (I had originally planned to move back in after retiring from the mines, but it went from a nice rural area to surrounded by a 'developers wet dream' of tiny houses on tiny blocks jammed up against each other- always a disaster in the long run, so sold up and bought my 30 acre rural block instead...

Like many others, I would never rent a place out again- they wonder why rental places here are so hard to find, its the 'people' (and I use that term very loosely indeed) that trash a place and leave small landlords like I was with an unusable house, and thousands in repairs and legal fees...

Where I live now, almost all rentals are a second house (often the former family home) with a retired couple renting it out after downsizing after the family has moved on...

And I know here that rentals are now almost impossible to find- its a small town, but there is an empty house on practically every block- and not a house to be found for rent anymore- because the owners would rather leave them empty (but kept as a 'in case of emergency fund' if needed) rather than renting them out as was done formerly...

Because waaay too many have been stung by repair and legal costs that were literally far more than the rent they had gotten from the tenant...
 
Dabop - What is the situation on evicting a bad tenant out there - is it straightforward or a difficult minefield like here?
 
Dabop - What is the situation on evicting a bad tenant out there - is it straightforward or a difficult minefield like here?
It took me six months, a court case (with solicitor) and the court sheriff and a locksmith to finally get her out- almost a year from the first 'you're out' notice (and that was 3 months after she stopped paying the rent) until she was off the property...

Then I had the joy of cleanup and repairs- a complete new kitchen and bathroom, AFTER the shared wall and floor/joists were replaced (she fitted a new shower head herself and it leaked into the wall cavity and rotted out the wall and floor), TWO dumptrucks of rubbish from the yards, plus another from inside the house (she became a hoarder after she lost her job as a teacher- the bedrooms were all completely filled up to the roof, she was sleeping in the lounge on top of a pile of rubbish- in a gap barely big enough to fit between it and the roof) it needed all new paint (painted the walls PURPLE-urgh) and all new carpets throughout...

Plus I had to have electrical repairs done and an inspection as she had been stealing electricity and hardwired past the fusebox...

In all it cost well over 20k- which was more than I had gotten from it in rent...

A net loss...
🤬
 
At one time investing in property by renting it out was seen as a sound investment for retirement. These days only people with the strongest of constitutions would take it on.
My daughters held a portfolio of rental properties over the years and who were by the way considered excellent landlords, have been stung by so many grubby and unscrupulous tenants that they've sold off all but two properties and one of those is now up for sale.

As an investment I wouldn't even consider renting out properties to private tenants, it's just not worth the angst and headaches it causes.
My late wife inherited her parent's converted coach house property after they passed away and that was the only property where all of the tenants were exemplary, in fact most improved the property because they were so happy with the rent and conditions.
However we put it down to the fact a local estate agent handled the tenancies carefully and collected the rent. He was a rather austere chap but very honest and didn't accept any nonsense.

The property my daughter is selling has just had to be redecorated and re-carpeted throughout to make it appear presentable to buyers as the tenants have literally destroyed the carpets and most of the fittings in there.
The carpets were covered with dog and human faeces stains where the dogs and children had been allowed to defecate on the floor...what kind of a person allows that irrespective of whether on not the property is rented?. On top of that they bunked off owing months in back-rent. These people behave worse than animals.

Personally I wouldn't even rent them a shed to live in. They don't deserve it and could live on the streets as far as I'm concerned and no doubt they will move on to the next rental property owned by some unsuspecting landlord where they too will be faced with bills for thousands just make the property habitable again.

I fully appreciate that there are some very bad landlords out there but they are not the same as the property rental owners who try to maintain their property in good condition and provide tenants with a decent place to live. Even they are dropping out of the rental market as all too often it's too expensive to be a landlord these days.
I just hope at this Labour government is going to come up with the housebuilding numbers they promised before the election as the rental market is about to drop like a stone and where are they going to put all those people?
Irrespective of whether or not one is pro-immigrant, the borders will need to be closed as there will just not be the housing infrastructure available for those already living here.
 
It took me six months, a court case (with solicitor) and the court sheriff and a locksmith to finally get her out- almost a year from the first 'you're out' notice (and that was 3 months after she stopped paying the rent) until she was off the property...

Then I had the joy of cleanup and repairs- a complete new kitchen and bathroom, AFTER the shared wall and floor/joists were replaced (she fitted a new shower head herself and it leaked into the wall cavity and rotted out the wall and floor), TWO dumptrucks of rubbish from the yards, plus another from inside the house (she became a hoarder after she lost her job as a teacher- the bedrooms were all completely filled up to the roof, she was sleeping in the lounge on top of a pile of rubbish- in a gap barely big enough to fit between it and the roof) it needed all new paint (painted the walls PURPLE-urgh) and all new carpets throughout...

Plus I had to have electrical repairs done and an inspection as she had been stealing electricity and hardwired past the fusebox...

In all it cost well over 20k- which was more than I had gotten from it in rent...

A net loss...
🤬
Dabop, I feel your pain. We had a family (Whanau) who wrecked our rental. By the sound of it, we got off fairly lightly with only a $5k internal repaint, although the dings in the internal doors and gouges in the floor have never been fixed. The thing was that they turned a nice little house into a squalid dump in 3 months (kids riding bikes inside and so-on). That was after the previous tenant did a runner without paying for months (to Oz as it happens, so now your problem until she is deported back to NZ as a 501). After sacking the property manager, the replacement property manager evicted the tenants (this was a few years ago so much, much harder now) and current tenants have been OK, just grimy. TBH, I'm looking forward to selling and putting it all behind me!

cheers
Richard
 
With much of the residential rental market in small towns here in Oz owned by individuals (and even many of the builders made 'cookie cutter' houses bought by small investors here), I can see the rental market getting more and more restrictive as they either pull out all together and sell up, make it REALLY strict on screening tenants, or just raise the rents to cover the costs of repairs and risks of renting out- making the rentals even more expensive...

I know on the Gold Coast, there's a couple of big corps buying up all the properties that are going on the market- but the scumbag renters are going to find that a bad thing- when only a couple of companies own nearly all the rental properties in an area- and they trash one place- they will find that being blacklisted will mean nowhere at all is available to them- enjoy your new 'home' under a bridge somewhere lol

But that won't bring the rices back down though...
Just what renters need- even more difficulty in finding properties...
 
Why can't there be a law that tenants moving on have to supply names and phone numbers of previous landlords, and said landlords must give an honest answer to any questions by perspective (?) landlords? That would be a simple solution, or am I being too simplistic?
 
Why can't there be a law that tenants moving on have to supply names and phone numbers of previous landlords, and said landlords must give an honest answer to any questions by perspective (?) landlords? That would be a simple solution, or am I being too simplistic?
As the location has moved to Australia there is a service for tenants references there. The previous landlord provides feedback on the tenant and the new landlord can see the history. My daughter rents in Bondi and just moved apartment so went through the process. She fell foul of the massive price increases in Sydney. Her rent in the old apartment went up by 30% so she had to move.
 
I mentioned in post #492 about an estate agent who oversaw the rental of my late wife's property which she'd inherited from her parents.
He acted as the letting agent and had a reputation second to none locally when it came to finding suitable tenants.
If they didn't have suitable references etc they simply weren't allowed to rent the properties he was charged with letting on behalf of the owner.
He also handled any issues regrading maintenance/breakdowns though thankfully they were few.

We couldn't have wished for better tenants and none ever once gave us any issues. One couple even re-carpeted the house with decent quality carpet and did other upgrades for which they didn't ask payment but we were so pleased with what they'd done and with the furniture etc they'd left behind, I gladly paid them as they had improved the property ready for the next tenant.

When my late wife passed away, the property was transferred into my daughter's names and one daughter lived in it for several years before they finally sold it on.

My OH is a social worker and deals with very dysfunctional families and it's hard to believe people in the 21st century behave in a medieval fashion.
Many of her clients owe literally thousands of pounds in unpaid rents and council tax.
Councils have no way of ever recovering the amount owed.

Because her remit is protecting at-risk children and keeping families together she often has to negotiate with councils to find some way of preventing them from being evicted from their homes.
For many people in that category unpaid debts and court rulings are just part of their daily life.
It's not uncommon for some of her clients to say "sod them I see no reason why I should pay such as rent and council tax"...she has to deal with that mindset on a daily basis and so too have private landlords.
Some of her clients will smoke up to two packs of cigarettes daily which is getting on for between £100 and £200 per week. Many will also have cannabis or substance abuse issues so it's not hard to see why these people don't pay their rents or council tax.
 
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My neighbour's son, a sparky, has worked on the total gutting and rebuilding of the interior of a council house .............................. withing months of the last time he worked on the gutting and rebuilding of the interior of the same house.
 
Our tenants are great. Indian. She works for the NHS, he has landed a job with one of the largest and most philanthropic companies in the area. You won't read about tenants like them in the papers or hear anecdotes from neighbours etc. because it's generally only the bad stuff that gets the publicity.
 
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Our tenants are great. Indian. She works for the NHS, he has landed a job with one of the largest and most philanthropic companies in the area. You won't read about tenants like them in the papers or hear anecdotes from neighbours etc. because it's generally only the bad stuff that gets the publicity.
Surely one expects a certain standard of behaviour from those who rent a property in which to live. We shouldn't be hearing of the horror stories about the behaviour of tenants who act little better than animals when they rent a property.
Where has society failed in that people behave in such a way or they believe they have a right to behave that way?

There should be no need for costly legal fees and drawn out court actions to remove/evict them when they behave in such a way. They should be out within a week if they have broken the terms of their tenancy.

They are not the same as the vast majority of decent people who rent properties who DO deserve full protection from unscrupulous landlords. They are not the problem, it's those who behave like primitives who cause the problems.

From my experience the advice I would give is that if one is planning to rent out a property then use a professional letting agent who will do all the background checks etc of the prospective tenants. Letting agents are mercenary yes but they filter out the potential problem tenants before they are allowed to rent the property and they collect the rent so they don't mess around.
Their fees may seem high but there is rarely any issue with the tenants who are found for landlords that way.

My daughters did some of the checks themselves for their own rental properties and in some instances they let their emotions overrule their logic by feeling sorry for the prospective tenants and allowed them rent the property when logic told them not to, only to find they were awful tenants who skipped out from paying rent and caused untold damage.
 
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