| Industry News |
|
| News » Residential Property Law » Cancelling occupancy contracts 'long, drawn out process' |
|
30/10/2008
Cancelling occupancy contracts 'long, drawn out process' |
|
Cancelling occupancy contracts can be a long process which favours the tenant.
That is according to the Residential Landlords Association (RLA), which has told buy-to-let investors that most tenancies are ended by tenants, even though the contracted notice period had not been given to the landlord.
Lee Dribben, chairman of the RLA, said that there is little estate agents can do to put pressure on tenants to force them to pay up on time.
Mr Dribben explained: "Other than often spurious threats of financial penalty, there is no 'force' that agents can apply to tenants – although many add charges to rent accounts for such things as reminder letters."
The chairman of the RLA went on suggest that there is no point in the landlord keeping a tenant who is not paying rent.
He said the process was a difficult one and he warned that any slip up by the landlord would mean that the process would have to start from scratch once again.
According to mydeposits.co.uk, there were 341 deposit disputes between April 2007 and March 2008. Tenants were favoured in 86 per cent of the cases. |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive