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Monthly Archives: April 2017

Would Your Tenant Tell You If They Damaged The Property?

One of the potential problems with letting out a property is if a tenant damages the property or the fittings or contents. One would hope that your tenant would own up to having caused the damage. Hopefully, your property will not be damaged but, if it does, you will no doubt have suitable landlord insurance in place to cover such eventualities. Well, a survey carried out by YouGov for The House Shop provides some interesting information about the damage to properties that are rented out caused by tenants. It is concerning to hear that 27% of tenants would not inform their landlord if they damaged the property in a major way. That is a very high figure and disappointing to hear about. Of those, 1% would do what they could to hide any damage, 11% would do their own repair work and 15% would use the services of a tradesperson to carry out the repair work. Apparently, 58% of tenants would inform their landlord about the damage to the property. Of those, 27% would wait to be asked if they had to meet any of the repair costs, 7% of tenants would actually make an offer of contributing towards the…

Number Of Tenants Evicted Continues To Fall

If you are a landlord then you may be interested to read the Ministry of Justice report produced on 9th February 2017 entitled “Mortgage and Landlord Possession Statistics in England and Wales, October to December 2016 (Provisional)” that covers such things as the number of tenanted properties that are repossessed on behalf of landlords. It is pleasing to see that the number of repossessions of rental properties for landlords has fallen with this being the pattern since April to June 2014. In the last quarter of 2016, county court bailiffs repossessed 9,067 properties on behalf of landlords that were let out. That is a reduction of 7% when compared with the 4th quarter of 2015. Orders for possession totalled 24,674 with this being a fall of 13% when compared with Q4 of 2015. Landlord possession claims amounted to 30,920 in the last quarter of 2016 with this being a drop of 16% in comparison to the same quarter in 2015. Warrants of possession totalled 14,137 in the 4th quarter of 2016 with this being a reduction of 24% in comparison to the 4th quarter of 2015. It is interesting that social landlord claims for possession made up 60% of claims…

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