Rob is joined by Alex Cook of Helix Law to deep dive into the subject of evictions, post-Co-vid. They briefly review what the conviction process was pre-Co-vid. Then take an in-depth look at how it needs to be handled under the new rule. As well as discuss what direction legislation and processes are likely to go in the future.
Including, what would happen if section 21 evictions were to no longer be possible. As well as the negative impact an eviction process that is too long could have on landlords, tenants, and the availability of housing. They also briefly discuss the impact far longer minimum rental terms can have. Plus, how using stamp duty to stimulate the housing market could backfire.
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KEY TAKEAWAYS
BEST MOMENTS
‘Landlords don't have a business without tenants, most landlords and investors know that, so they don't want to proceed claims.’
‘People need to know that if people don't honour the deal that has been struck in terms of paying rent, that ultimately, they can regain their assets.’
‘If you turn off private investor landlords, who is going to fill that gap?’
‘Landlords probably need to get a little bit more organised and a little bit more vocal about the impacts that some of these decisions have.’
VALUABLE RESOURCES
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
ALEX COOK´S ARTICLES
https://inews.co.uk/news/analysis/evictions-ban-end-landlords-held-hostage-problem-tenants-582814
https://www.commercialtrust.co.uk/news/eviction-ban-extended/
ABOUT ALEX COOK
For over 13 years, Alex Cook, Director of Helix Law, has specialized in commercial and complex property litigation — acting for investors and landlords across the UK and internationally.
Having been instructed in, or supervised, hundreds of landlord and tenant disputes, he's remained active throughout the coronavirus crisis, providing legal advice and resolving issues for landlords and investors involved in such disputes. He’s also currently assisting the Sunday Times on an article to be published soon.
CONTACT METHODS FOR GUEST
Email: ac@helix-law.com
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
CONTACT METHOD