howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
kieth,each one to there own.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
The Accommodation Shop is a very honest agency and Steve Davies a very honest guy.
Are you saying he is not honest Keith ?
Roger
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Seconded, Roger, I think his attention ought to be drawn to this thread. Steve is another of the quiet (usually!
) guys who works his socks off for Dover behind the scenes. Post #2 needs to be followed through or deleted.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Keith - can you qualify or withdraw your earlier statement in post number 2. There are inferences there that are unsavoury and imply something untoward.
Roger
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
I have withdrawn my postings on this subject in the interests of the thread remaining positive
my views remain
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
this thread did not so much drift as sink without trace, a pity as it is an innovative plan that deserves some discussion.
we live (for the first time in my memory) in an era where people starting out see no chance of getting on the housing ladder, issues over renting will be brought to the fore over the coming years.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
I suppose that before you begin your six month tenancy something is done to ascertain whether you have the money available to pay the rent each month and that you do not have a sting of moonlight flits to your name.
Oh dear, what can be done to square the circle of rent rises aligned to market forces and wage levels and job security aligned to other markers all together?
This reduction in deposit levels coupled with, or chained-to, a Bond of some sort may help. Perhaps the age-old system of getting your deposit back in timely fashion to square away the new outlay associated with renting somewhere new has broken down.
Waiting overly long for your deposit, or losing most or all of it due to a singularly advantageous estimate/cost of repairs may have left the aggrieved party with no option but to have recourse to the Courts...sadly not much of an alteration to those circumstances with this new scheme either.
Whenever a rented property is left, under this new scheme, and the cost of repair is higher than the amount bonded the renter will find themselves being chased by the Letting Agency. A saving in time and effort for the Landlord, but what possible redress would the renter have?
This could work well, this could be disastrous. I doubt the old system was any worse for the Landlord or the renter. I wonder what is in it for the Agent?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
referring to your summing up tom i would imagine it would free up more properties due to people not having to find so much money for a deposit.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Yes Howard, I think it said within the article that this measure is gaining popularity. Increasing through-put rather then freeing-up. In six months we may see how things have gone.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#8, what is in it for the Agent - a lot of risk, for one thing. Steve will have taken professional advice on this and I suspect he will have taken out credit insurance against losses.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
he is taking a risk, all very well taking someone to court but what if they end up being asked to pay back at £.5 a month?
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Steve is experienced and he knows his market and the risks. Great to see some new thinking. He will have done his homework.
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,883
It seems like an excellent idea, we had to lend or rather give my grandson his deposit on his first rental as he could not afford deposit and the advanced rent. I suspect an agent will have to be a lot more careful about prospective tenants or as Peter says he could loose out in the end.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
The Agent would hardly win an argument to bring the rent levels down, but those who could not get an overdraft to cover the deposit are still to find the rent every month and budget for the threat of the non renewal of their tenancy.
The idea of a low bond instead of the high deposit will take the pressure for rent reduction out of the equation somewhat.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.