-Stable margin on regulated tenancy
and tenanted sales
There have been cases where investors have bought property at what they thought was a reasonable price, but have not understood terms such as regulated tenancy
. This has resulted in them buying a property with a sitting tenant who has rights to stay there for a long time.
Increases for regulated tenancy
assets, where biennial rent reviews have been completed in the period, averaged 6.3%, down from 9.6%.
In a trading update for the four months to January 31, 2016, the UK's largest listed residential landlord said it had seen ongoing high demand for its wholly owned and managed PRS homes as well as positive growth in regulated tenancy
Another house set to appeal is one in Elms Road, Sutton Coldfield, a residential investment subject to a regulated tenancy
. That is looking for bids above PS150,000.
A claimant hoping to establish an entitlement to succeed to a rent regulated tenancy
must, in addition to proving the requisite relationship to the tenant (by blood, marriage or financial and emotional inter-dependence), establish the requisite co-occupancy in the apartment with the tenant; generally, two years prior to the permanent vacating from the apartment by the prime tenant.
"Our high-quality regulated tenancy
portfolio provides an excellent foundation from which we can grow our offering of private rented sector homes.
"Our high quality regulated tenancy
portfolio provides an excellent foundation from which we can grow our offering of private rented sector ("PRS") homes.
The property, however, is sold subject to a regulated tenancy
, its current tenants entitled to stay on indefinitely providing rental is paid.
To the contrary, the Court found that reference to the ancillary charges "permissibly gives notice of landlord's additional claim for contractual damages provided for in the parties' lease." The Court also found that such ancillary charges were a "proper subject of recovery in the summary proceeding." One caveat noted by the Court, such ancillary charges are limited to being the predicate for a money judgment in the case of the regulated tenancy
; as opposed to a possessory judgment.
Finally, under the "build on our heritage" theme, Mrs Gordon pledged a "continued commitment to our high-quality, regulated tenancy
portfolio, which delivers excellent total returns and cash generation which supports our PRS growth" and to "maximise the opportunities from our market-leading residential platform by exploiting our existing competitive advantages".
Our attention going forward will remain on growing this part of the business and continuing to seek out attractive investment opportunities in regulated tenancy
portfolios." Speaking to the Journal Mr Cunningham said that while the General Election - particularly Labour's mooted plan for "mansion tax" - had caused uncertainty in the market, any return to positive sentiment would be tempered by a likely referendum on Britain's EU membership in 2017.