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Section 21 Eviction Notices Served on Entire London Apartment Block

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Manage episode 456514267 series 2112440
Контент предоставлен Charles Kelly Business Coach. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Charles Kelly Business Coach или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

Section 21 eviction notices have been served on 150 residents on a block of flats in Deptford, South London, weeks before Christmas.

A Section 21 is a legal method for the landlord to require a tenant to leave a rental property without the need to provide a reason for "no-fault" eviction. A tenant can challenge it and stay in the property until physically evicted, but they may incur court costs.

Watch full video - https://youtu.be/u-v8WXgpTuo

Even with a Section 21 notice, it can take landlords 6 to 12 months to evict a tenant who refuses to move out – often under advice for their local council’s housing or “homeless prevention” department.

The owners of the property, the Aitch Group said a Section 21 notice had been issued to tenants at the Vive Living development to "facilitate the refurbishment of the building".

"The tenants have been given two months' notice, as a minimum, in accordance with their tenancy agreements.".

The eviction notices may have been prompted by Labour’s Renter’s Rights Bill, currently going through Parliament, which will abolish Section 21 “no fault” evictions.

Many landlords are quitting the buy-to-let property market or switching to other rental models, such as AIRBNB serviced accommodation or leasing to local authorities and housing associations.

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Key Changes Proposed in the Renters' Rights Bill 2024

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #section24

  continue reading

944 эпизодов

Artwork
iconПоделиться
 
Manage episode 456514267 series 2112440
Контент предоставлен Charles Kelly Business Coach. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Charles Kelly Business Coach или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

Section 21 eviction notices have been served on 150 residents on a block of flats in Deptford, South London, weeks before Christmas.

A Section 21 is a legal method for the landlord to require a tenant to leave a rental property without the need to provide a reason for "no-fault" eviction. A tenant can challenge it and stay in the property until physically evicted, but they may incur court costs.

Watch full video - https://youtu.be/u-v8WXgpTuo

Even with a Section 21 notice, it can take landlords 6 to 12 months to evict a tenant who refuses to move out – often under advice for their local council’s housing or “homeless prevention” department.

The owners of the property, the Aitch Group said a Section 21 notice had been issued to tenants at the Vive Living development to "facilitate the refurbishment of the building".

"The tenants have been given two months' notice, as a minimum, in accordance with their tenancy agreements.".

The eviction notices may have been prompted by Labour’s Renter’s Rights Bill, currently going through Parliament, which will abolish Section 21 “no fault” evictions.

Many landlords are quitting the buy-to-let property market or switching to other rental models, such as AIRBNB serviced accommodation or leasing to local authorities and housing associations.

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Key Changes Proposed in the Renters' Rights Bill 2024

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #section24

  continue reading

944 эпизодов

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