Tuesday, November 19, 2019
Discuss in detail how a landlord can protect his rent flow during the Essay - 1
Discuss in detail how a landlord can protect his rent flow during the property cycle Using UK law and Proactive Management - Essay Example As the property moves in the different stages, the quality can be retained by upgrading the portfolio. This would attract investors and consequently lead contributes to the security of the income security. Buying or developing property to let is the first step for landlords to add to the investment portfolio. This is a medium to long term investment in which the property is let out to tenants or lease holders. Investment in property is a good for someone will to tie up large sums of money, require more tangible investments than shares and are willing to take a risk. The landlord needs to therefore have effective management system of protecting the rent floe during the various stages of the property life cycle. It follows that one has to deal with the risks of not earning a profit from the investment and also the fact that property prices may increase or reduce. Once the landlord finishes the purchase process, he can start earning the income through the rental that is paid. One of the options for the landlords is to insist on the use of the onerous provisions in the commercial leases. It is however will have very negative repercussions to the landlord when the rent reviews are done. Landlords may refuse to use a flexible system because the rent may be market prices that provide the standard rents (White, 2010). The preparation of the lease agreement is crucial for the landlord to manage the rent from the business. According to the tenant Act of 1927 and the landlord and tenant Act of 1988, the lease agreement can be done by absolute prohibition, qualified restriction and absolute qualified restriction. On the other hand, the most common method of developing effective leases is the qualified restriction. In the case of Addiscombe Garden estates Ltd v Cramble (1957) in which a trustee of a tennis court took possession of the tennis courts and a club house under
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.