anecdotal stories re tenants offering more than requested

tuisginideach · 24-08-2017 11:03AM #1

Stories everywhere in media re potential tenants offering much higher rent than requested in ad .... whart happens re PRTB then - do they not query the 'greater than 4% rise in RPZone ' or do the landlords not register the full rent?

jamesthepeach · 24-08-2017 12:43PM

Landlords shouldn't take under the table payments. Tenant just goes to rtb afterwards and gets it all back plus a nice sum from the landlord. Landlord willose big time if they go along with this.

If a landlord thinks they are getting below market rate then sell up or go Airbnb. Do something that has nothing to do with the rtb.
But don't take under the counter payments.

jamesthepeach · 24-08-2017 12:43PM

....

Ronaldinho · 24-08-2017 01:01PM

Would a case of a tenant offering to pay more actually cause the landlord to be in breach of those rules?

tuisginideach · 24-08-2017 01:12PM

Well, if media reports are to be believed, tenants are offering hundreds more than requested to secure accommodation ....

jamesthepeach · 24-08-2017 01:12PM

Ronaldinho wrote: »

Would a case of a tenant offering to pay more actually cause the landlord to be in breach of those rules?

Yep. No longer possible for a pair of adults to strike a deal that suits then both.

jamesthepeach · 24-08-2017 01:13PM

tuisginideach wrote: »

Well, if media reports are to be believed, tenants are offering hundreds more than requested to secure accommodation ....

The media is fueled by made up bs from the likes of threshold.

pwurple · 24-08-2017 01:17PM

Extra payment is offered entirely in cash. PRTB never see it, no evidence, no paper trail, no trace, never happened.

Landlords who take it are taking a risk of course, like anyone else engaging in black market. Tenant can stop paying it and there's no comeback. But yeah, it is happening.

I've been offered it, wouldn't take it, not the way I do things. I hate tax as much as everyone else, but I will always function above board to protect myself and family. Squeaky clean is the only safe way.

I have friends who pay 200 above rental asking price in cash, and I know some landlords who are taking it.

C3PO · 24-08-2017 01:30PM

This is the sort of nonsense that inevitably happens when government attempts to artificially restrict a "free" market!

awec · 24-08-2017 01:35PM

C3PO wrote: »

This is the sort of nonsense that inevitably happens when government attempts to artificially restrict a "free" market!

Er, no.

I know it's fashionable to blame all of this on government legislation but tenants offering above the advertised rate is nothing new.

Get rid of the rules and this would still happen.

C3PO · 24-08-2017 01:37PM

awec wrote: »

Er, no.

I know it's fashionable to blame all of this on government legislation but tenants offering above the advertised rate is nothing new.

Get rid of the rules and this would still happen.

I'm sure it did but in years of renting I never came across it!

mrslancaster · 24-08-2017 02:50PM

Ronaldinho wrote: »

Would a case of a tenant offering to pay more actually cause the landlord to be in breach of those rules?

I wondered about this.

if a LL advertises a property at the correct amount in a RPZ he is complying with regulations.

does it say in the RTA that he is prohibited from accepting a higher offer from a tenant who is happy to pay more and sign a lease for the higher amount?

jamesthepeach · 24-08-2017 02:54PM

mrslancaster wrote: »

I wondered about this.

if a LL advertises a property at the correct amount in a RPZ he is complying with regulations.

does it say in the RTA that he is prohibited from accepting a higher offer from a tenant who is happy to pay more and sign a lease for the higher amount?

Now that would be interesting. It would mean that advertised rent would mean nothing anymore if it were the case. Basically a landlord would be advertising a price with am implicit invitation to make him a higher offer. Like buying.

Lux23 · 24-08-2017 03:40PM

C3PO wrote: »

I'm sure it did but in years of renting I never came across it!

Are you a landlord?

C3PO · 24-08-2017 06:12PM

Lux23 wrote: »

Are you a landlord?

Not at all ... but I was a tenant for years when I was younger!

Graham · 24-08-2017 06:29PM

awec wrote: »

Er, no.

I know it's fashionable to blame all of this on government legislation but tenants offering above the advertised rate is nothing new.

Get rid of the rules and this would still happen.

Get rid of the rules and the offered rate would be the open market rate rather than an illegal rent increase on a rent capped below market rate.

awec · 24-08-2017 09:13PM

Graham wrote: »

Get rid of the rules and the offered rate would be the open market rate rather than an illegal rent increase on a rent capped below market rate.

The tenant loses out either way.

C3PO · 25-08-2017 07:14AM

awec wrote: »

The tenant loses out either way.

I don't know how you figure that out! In a properly functioning market, property supply and demand will be in approximate balance and tenants will have a choice of where to live and landlords will have to keep standards up to attract good tenants.
In the current situation, the only people who really benefit are unscrupulous landlords who flout the law! Landlords who obey the rules find it increasingly difficult to make an honest living and the situation is nigh on impossible for tenants!

anecdotal stories re tenants offering more than requested

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