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Why do people rent a property .........
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Top Dog
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PostPosted: Fri Jun 27, 2008 11:05 am    Post subject: Why do people rent a property ......... Reply with quote

only to trash it? :

http://www.gazetteandherald.co.uk...mess_left_by_tenant_from_hell.php


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Geddi
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PostPosted: Fri Jun 27, 2008 11:23 am    Post subject: Reply with quote

I like renting property.  I ahve no responsibility for any of the structural fabric or upkeep.  I can stand up and walk away whenever I wish to, within the agreed terms - normally within one month.  Wat's wrong with renting?  I don't trash the place, it is my home, my space, for now.  

Conversely, why do people buy property?  From some of the comments in relation to the proposed travellers' site on this blogsite, many people buy houses as an investment, not as a home!  Hardly conducive to happiness when world banking elites are messing with the economy anytime, at the drop of a wet fart.
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kathy27
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PostPosted: Fri Jun 27, 2008 9:30 pm    Post subject: Reply with quote

I think the point T.D was making was about the lack of respect this person had, NOT that fact that they were renting!

I do own my own home, it was left to me by my grandmother, before i met block i was on my own so rented out one of the spare rooms......NEVER again. Even though my lodger was at the time a so called mate, he never paid on time, thought i was his wife/mother/keeper or some thing and upset my daughter. he didnt stay that long but it sure put me off having a lodger  Cross
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Kizzy
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PostPosted: Sat Jun 28, 2008 12:02 am    Post subject: Reply with quote

That is terrible what the tennant has done.

However, the question here could also be why rent out a property and not regularly inspect it -

In the 9 years i've been in our rented flat (my fiance has been here a few years longer) we have only had an inspection from the agents once about about 3 years ago and they recommend us for double glazing, new kitchen, carpets through out and re wiring in the kitchen as the cooker is technically dangerous.  They have never done the work and the agents have changed about 5 times since.

We could be doing anything to this place and they wouldn't know, they don't have keys for the flat (the one time they did come round - they sent us a letter telling us what date they would visit and they wanted us to leave a key with the shop staff (we live above a shop)  - we rearranged it for a date one of us would be around to let them in) and they don't inspect the place.
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PostPosted: Sun Jun 29, 2008 11:31 am    Post subject: Reply with quote

a land lord must give you 24 hours notice before inspecting a property.many private house which rent you have to pay a deposit.usally one months rent .which is returned after you leave the property if however it is damaged you dont have to give the money back.
i dont see the point in renting a property then trash it there is no need.
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PostPosted: Tue Jul 01, 2008 9:03 pm    Post subject: Reply with quote

I agree there was no need to trash the place and cannot understand why people do this, but it is a chance you have to take when renting out your personal property to anyone.

If they arranged regular inspections, then they could have picked up on any damage sooner rather than later - possibly preventing futrher damage and costs.  Or even spoke to the neighbours - I'm sure they must have seen or heard things.

It is quite common for small minority of people who private rent to "trash" the property they are in before they move on - they almost always owe the landlords a substantial amount in back rent

And the majority of the time people like this have been placed in these private rents by social services (they approach the letting agents and request accomodation and I believe they have little power to refuse) because they either don't have the space in housing association, they have to be re-homed for their own safety or are troublemakers and social have run out of options

I have known 2 families who have suffered from situations like this.  They have rented out their home and used letting agents, after a while the rent stops and then they find out from neighbours that the place is being trashed and it is because the letting agents have let it to social services for trouble families.

The "rent" that the benefits people supply, is given straight to the "tennants" and not the landlords and is never passed on.  Both families I have known to suffer from this, never arranged for the property to be regularly inspected (they believed the agents would do this) and both ended up with several thousand pounds worth of damage and unpaid rent.
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PostPosted: Tue Jul 01, 2008 10:30 pm    Post subject: Reply with quote

Geddi wrote:
I like renting property.  I ahve no responsibility for any of the structural fabric or upkeep.  I can stand up and walk away whenever I wish to, within the agreed terms - normally within one month.  Wat's wrong with renting?  I don't trash the place, it is my home, my space, for now.  


There is nothing wrong in renting if that is what you want to do but it seems that your nomadic tendencies may be kicking in with this statement:  "I can stand up and walk away whenever I wish to"

Geddi wrote:

Conversely, why do people buy property?  From some of the comments in relation to the proposed travellers' site on this blogsite, many people buy houses as an investment, not as a home!  Hardly conducive to happiness when world banking elites are messing with the economy anytime, at the drop of a wet fart.



I look on my house as not only a family home but also as a future financial investment. My mortgage is less than half that of the rent I would be paying if I didn't own the house outright (or with a small mortgage like mine). Because a mortgage is normally payable over a 25 year period you have to take into consideration interest payments over that time span plus maintenance on the property. You must also take into consideration inflation and the rise in property prices over the last 20 years or so. I personally would never view renting a property long term, 6 months or longer, as a viable option for financial security. House prices will always increase in value and after 25 years of renting a house, sometimes the same property, you are left with nothing but memories and no assets. There is also the flip side of renting a lovely house and making it your family home and really settling in only for the owners to either raise the rent or decide to sell the place and you have no option but to leave and set up else where.

Great question though.  Thumb Left
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PostPosted: Wed Jul 02, 2008 6:33 am    Post subject: Reply with quote

As the great words of Dido (like to call her Dildo) state

"life is for rent"

We are all transiemt beasts on a transient revolving globe...we own nothing!...except fleetingly our souls maybe   Yeh!

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Block67
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PostPosted: Wed Jul 02, 2008 10:00 pm    Post subject: Reply with quote

I used to rent, but every property that I left was in a better condition than when I started the tenancy!
I'd say the majority rent because they they can't afford to buy, and I was glad I did when I got my divorce! Big Smile
My personal opinion, why throw money away renting if you can buy, especially if you have kids? Once a mortgage is paid off, no more "rent" to pay to the lenders, just your household bills, just makes sense to me.
As for the people that trash their rented homes, more fool them really....................
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rosco
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PostPosted: Sun Jul 06, 2008 5:22 pm    Post subject: Reply with quote

Renting does has it's advantages: I have done it a lot as it lets you move in/out of an area quickly, without being tied to a house that may take ages to sell and perhaps raise less money than you paid for it.

Plus, if there is any major problems that happens in a house, it's not your problem to pay for it to be fixed if you're renting.

Renting's generally cheaper than paying for a mortgage on an equivalent property: the argument about rent being 'throwing your money away" is just what he banks loe people to believe so they can get more customers to pay interest on a mortgage. More and more are going for interest-only loans anyway, so you don't even end up owning the property after 25 years any more!
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