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Re: Implications of letting out to DSS?
Originally Posted by Jen1977ni
(Post 8614060)
I was just curious, currently my tenants are private tenants but are moving on next month. My agent has had a lady approach him, who wants to rent it but she will be going through the DSS. I am currently making no profit on the house and am adding money to the rent to cover all of my costs, this would still be the case if she took the property on, so what are the implications, if any, if I was to agree to this DSS let?
This may have changed now, as it was in 1998 when this happened to me. |
Re: Implications of letting out to DSS?
Originally Posted by Kingseat
(Post 8614301)
But please check that this insurance covers you for mallicious damage by a tenant. If you don't have it and they trash the place the insurance won't pay out. Your 99 is only likely to cover basics.
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Re: Implications of letting out to DSS?
Originally Posted by ABCDiamond
(Post 8614333)
Some years ago the DSS paid the Landlord directly, not sure if this has changed, but one major implication was that if the tenant is deemed by DSS to have to repay overpayments that include the rent, then YOU have to repay what has been paid to you direct by the DSS..
This may have changed now, as it was in 1998 when this happened to me. |
Re: Implications of letting out to DSS?
Originally Posted by Jen1977ni
(Post 8614338)
Not quite sure what u mean!?
I said that surely they should claim it back from the their client, our tenant, but they said no. They money had come direct to us, therefore we had to repay it ! And of course there was zero chance of getting the tenant to cough up to pay us back. That is just one of the many horror stories about DSS tenants, but this from my personal experience. |
Re: Implications of letting out to DSS?
Originally Posted by ABCDiamond
(Post 8614354)
I can't recall the full circumstances, but we let our old place in the UK out to someone on the SS, with the rent being paid direct to us from the DSS, but after about 6 months the DSS asked us to repay all the rent they had paid us, because the tenant was not in fact eligible for the money they had paid out.
I said that surely they should claim it back from the their client, our tenant, but they said no. They money had come direct to us, therefore we had to repay it ! And of course there was zero chance of getting the tenant to cough up to pay us back. That is just one of the many horror stories about DSS tenants, but this from my personal experience. |
Re: Implications of letting out to DSS?
Originally Posted by ROMFT_WO2RN
(Post 8614362)
DSS rent is paid directly to the tenant who is then supposed to pay the landlord.
Originally Posted by ABCDiamond
(Post 8614333)
This may have changed now, as it was in 1998 when this happened to me.
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Re: Implications of letting out to DSS?
It does seem to have changed, I just found this from 2008
Unfortunately there has been another change in the law recently and now all housing benefit claims are paid direct to the claimant and they pay the landlord |
Re: Implications of letting out to DSS?
Originally Posted by ABCDiamond
(Post 8614354)
I can't recall the full circumstances, but we let our old place in the UK out to someone on the SS, with the rent being paid direct to us from the DSS, but after about 6 months the DSS asked us to repay all the rent they had paid us, because the tenant was not in fact eligible for the money they had paid out.
I said that surely they should claim it back from the their client, our tenant, but they said no. They money had come direct to us, therefore we had to repay it ! And of course there was zero chance of getting the tenant to cough up to pay us back. That is just one of the many horror stories about DSS tenants, but this from my personal experience. |
Re: Implications of letting out to DSS?
Originally Posted by cresta57
(Post 8614257)
My folks rented their place out for 12 years while they were away sailing. The best tenant was a single mother on benefits, the worst two were both business professionals. First a lady who was head of human resources at a top pharma company, trashed the place leaving carpets ruined & the place so dirty the rental agency had to employ a specialist cleaning firm as the usual cleaner refused to go in the place.
The second were a married couple high income earners who stole just about every thing in the house when they moved on including two huge jardinieres that were either side of a rose arbor they also stole that along with the roses in the jardinieres. They now stand either side of a pair of ornate columns in the entry to the mansion they built just down the street from my folks:rolleyes: When renting your at the mercy of the estate agent's property manager. Get a good one you'll be O.K a bad one & your ruined:( Didn't have anything to do with her again, her attitude bugged us all so much. |
Re: Implications of letting out to DSS?
Jen, I can tell you exactly how it works if you are going to let it out to someone on DSS, however, this term does not exist anymore, it is now Department of Work and Pensions (DWP),
1. The tenant has to fill in forms for housing benefit giving details of rent, etc. 2. An Assessor from DWP will come out and inspect the property. 3. There is only a certain amount the DWP will give the tenant based on their circumstances. ie, you could want to let it out for 600 per month, but the DWP may only offer to pay 460 per month. 4. The tenant agrees and moves into the property getting 460 a month from housing benefit leaving them to make up the short fall of rent. 5. The tenant find out that the landlord rents out his other 3 properties for 550 per month (but they are working!!!) This is a true example 6. We realise that the landlord has exploited our daughter because she is a single mum on benefits. She then has to find the 140 per month from somewhere. Basically Jen, you can charge what you want for your house and the more you do charge the more likely it will be that it is someone on benefits, as a percentage of the rent will be paid by DWP but the rest from the tenant even if they are unemployed. |
Re: Implications of letting out to DSS?
Originally Posted by mark wool
(Post 8614291)
All in i pay £140 for the year covers me for 20k loss of rent 2mil legal. I dont think its bad and its tax deductable.
Could you tell me which insurance company that's with, as that sounds pretty good to me. Thanks John |
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