New Eviction Proposal to Deal With Anti-social Tenants

Problem tenants are every landlord’s worst nightmare. Whilst tenants who fail to pay their rent on time can cause headaches, tenants who blight the lives of their neighbours with antisocial behaviour and all-night parties can be just as problematic. And let’s not forget the delightful tenants who trash the property, causing thousands of pounds worth of damage in the process, deal drugs on the premises, and indulge in acts of random violence.

 

During my years as a landlord, the majority of my tenants have been hassle-free, but for those landlords who have not been as lucky the process for evicting anti-social tenants has always been very lengthy and expensive. At present, the onus is currently on the landlord to provide evidence to back up their claims of anti-social behaviour, but a new proposal by the Government Housing minister, Grant Shaps, looks likely to change things for the better.

 

Grant Shaps wants to introduce a much faster procedure for evicting problem tenants accused of anti-social behaviour (although the proposal will not affect a landlord’s right to take possession of his property once the tenancy ends under section 21 of the Housing Act 1988), and if the tenant has any previous convictions for violence, drug dealing, and criminal damage, these could also be taken into account.

 

Hopefully this new proposal to streamline procedures for evicting “tenants from hell” will go a long way towards making landlord’s lives much easier as we will no longer be forced to struggle with a long and drawn out legal process to kick out nightmare tenants.

Landlord – Tenant Relationships

Do you have a good relationship with your tenants? Thankfully I do, and according to a recent survey carried out by the National Landlords Association, the majority of landlords say they enjoy good relationships with their tenants—an impressive 61 percent report that their relationship is “very good” and only 1 percent described it as “poor”.

When you consider that the number of people moving into rented accommodation is growing daily, this is certainly good news for tenants AND landlords as a good relationship certainly helps to make life much easier.  But as a new landlord, how can you make sure you enjoy a harmonious relationship with your tenants?

Communication with tenants is very important, and of those surveyed by the NLA, 36 percent claimed to be in touch with their tenants at least once per month. I probably don’t speak to the majority of my tenants as often, but they all know I am easily contactable should any problems arise, and I believe that this should always be the case—within reason!

From the beginning of your relationship, make sure you discuss the tenancy agreement thoroughly and ensure your tenants know exactly how much they are expected to pay, as well as how often. This will help to iron out any potential misunderstandings that could sour your future relationship.

It is also a good idea to do thorough background checks on prospective tenants before any tenancy agreements are signed to avoid the issues caused when tenants fall into rent arrears, or are not who they claim to be.

Buy to Let Lender Price War

It looks like prospective landlords are in for a beneficial few months with the recent news that several of the big lenders have slashed their buy to let mortgage rates in an attempt to attract new business in the buy to let market.

One of the big names on the High Street, NatWest, has reduced its interest rates on buy to let products by a massive 1.4 percent during the course of last month, which is a pretty significant drop. And if the other recent news reports I have read are correct, there is a great deal of evidence to suggest that lenders are likely to keep slashing the interest rates on their buy to let products as they try and gain a greater share of the booming buy to let market. Some lenders are also reducing their completion fees to gain new business.

With competition so strong in the buy to let mortgage market, prospective landlords are definitely on to a winner. Now is a fantastic time to expand your property investment portfolio—borrowing is cheap and with rapidly rising numbers of people looking to rent rather than buy, your buy to let business will soon be booming!

But before you skip down the high street in the search for a new buy to let mortgage, make sure you do your research to see what kind of deals the lenders are offering. Interest rates are changing all the time, so it might be worth waiting a month or two to see if the rates fall even lower.