Note: 'Temporary landlords = people who need to rent out their own home for a short while (e.g. sabbatical) as opposed to 'capatilistic pigs who buy s..t properties and rent them out at exhortionist prices'.
I need to rent out my London home for a while and will do so at a rent requiring that I 'subsidise' the tenant (s) to the tune of £250 per month.
I have had considerable interest from DSS persons, who seem reasonable. But, many people (e.g. Estate Agents, pesky girlfriend) have warned me 'don't do it - you will end up with legal problems, a wrecked home and the possibility of losing your own home'. The local council, however, guarantee the rent and say 'the tenants must move out at the end of the lease - no problem'.
Does anyone out there have experience of renting via Local Council-DSS? Is it safe?
Originally posted by znshoIt's more risky as councils have started paying housing benefit straight into the claimants bank account, the best thing is to make the person have a guarantor.
Note: 'Temporary landlords = people who need to rent out their own home for a short while (e.g. sabbatical) as opposed to 'capatilistic pigs who buy s..t properties and rent them out at exhortionist prices'.
I need to rent out my London home for a while and will do so at a rent requiring that I 'subsidise' the tenant (s) to the tune of £250 per month.
I
Does anyone out there have experience of renting via Local Council-DSS? Is it safe?
Originally posted by leestaticThe council in my area pays the dss claimed rent directly to the actual owner of the property because too many wouldn't pay their rent with it otherwise.
It's more risky as councils have started paying housing benefit straight into the claimants bank account, the best thing is to make the person have a guarantor.
Originally posted by znshoAs soon as you rent to a tenant, you have given that tenant rights to occupy the property. If that tenant decides after the tenancy has expired, to continue to occupy the premises, you have to go through all sorts of hoops to remove them, which could take up to 2 years to do it legally.
Note: 'Temporary landlords = people who need to rent out their own home for a short while (e.g. sabbatical) as opposed to 'capatilistic pigs who buy s..t properties and rent them out at exhortionist prices'.
I need to rent out my London home for a while and will do so at a rent requiring that I 'subsidise' the tenant (s) to the tune of £250 per month.
I ...[text shortened]...
Does anyone out there have experience of renting via Local Council-DSS? Is it safe?
You are obviously very young and naive, to call landlords "capitalist pigs". They have probably experienced the pitfalls of people not paying their rent etc. Get real, they do not make huge money, which if was true they could get a better return from the bank in the past - they rely on capital gains, which as we know, are just not happening.
Unless you really need the money, my advice is do not rent unless you know, have vetted personal references, but with your attitude I doubt that you will realise the pitfalls of renting.
Originally posted by liquidatorI do realise the pitfalls of renting, hence my query. If you saw the state of some 'lets' in London, and the ridiculous rent asked for, you would understand my 'capitalist' jibe. On the other hand, the attitude of some tenants is probably, ultimately, the cause of that.
As soon as you rent to a tenant, you have given that tenant rights to occupy the property. If that tenant decides after the tenancy has expired, to continue to occupy the premises, you have to go through all sorts of hoops to remove them, which could take up to 2 years to do it legally.
You are obviously very young and naive, to call landlords "capital ...[text shortened]... onal references, but with your attitude I doubt that you will realise the pitfalls of renting.
Originally posted by liquidatorYou seem to know a lot about this. If the contract is a 'short assured tenancy', would it really take
As soon as you rent to a tenant, you have given that tenant rights to occupy the property. If that tenant decides after the tenancy has expired, to continue to occupy the premises, you have to go through all sorts of hoops to remove them, which could take up to 2 years to do it legally.
You are obviously very young and naive, to call landlords "capital ...[text shortened]... onal references, but with your attitude I doubt that you will realise the pitfalls of renting.
2 years to evict if the tenants refuse to move? And, during those legal proceedings, must the tenants still pay the monthly rent?
Are there not plenty of people wanting to rent then? Not that you'd necessily know if they're paying from housing benefit or their own wages becasue as far as it is in my town it's not obvious. I agree with Liquid, you'd be wise to check refences and maybe get a months rent as a deposit. You can charge a few weeks in key money too.
Your local CAB can help you. But they're all very busy.