Re: serving a section 21
Posted: February 4th, 2019, 10:09 am
Itsallaguess wrote:I think you're being too kind here Arb. It would have worked previously if he'd carried out better finance-management, even with the job-payment situation he's got now.....
Similar to how HYP-payouts in retirement may be 'lumpy' month to month, that situation is fixed by carrying a 'float' account, into which those lumpy dividends are paid, but which should always float well above the monthly-payout amount.
It sounds like this guy needs to fix his money-management in a similar way, and perhaps raising this with him at the same time as any other 'payment-issue' conversation might trigger a light-bulb moment for him and perhaps help to solve your issue even if his new steadier job doesn't materialise.
Good luck - it sounds like a difficult situation, but it's heart-warming to read that you're trying to work out a solution with him that might still maintain the tenancy.
Reading the mainstream press nowadays tends to pain all landlords in an extremely poor light, but reading TMF and these boards over the years has shown me that this simply isn't the case, and that there are many, many landlords that wish to find solutions to these types of issues that are amicable to all parties involved. Long may that continue....
Cheers,
Itsallaguess
Too kind? possibly.
Finding solutions to issues and the desire to come to a fair resolution is only doing what I've done all my business life. The best agreement is one in which both parties come away reasonably satisfied.
I also learnt that driving too hard a bargain or causing bad feeling amongst those we deal with can often go wrong, simply because in business one never knows if that person you have just offended might be able to help you later.
Arb.