Debate Magazine

We Own Land, Give Us Money!

Posted on the 13 August 2020 by Markwadsworth @Mark_Wadsworth

Emailed in by Lola, from The Telegraph:
Landlords, shops and restaurants have joined forces to ask the Government to step in and pay commercial rents to help them survive the coronavirus pandemic.
Trade bodies have been in talks with ministers about proposals that would see the Government fund up to 50pc of rent and services charges owed by businesses in the retail, hospitality and leisure sectors. These “Property Bounce Back” grants would be targeted at businesses worst affected by lockdown.
It is estimated that about £3bn of rent owed to commercial property landlords for the six months to September will not have been paid, laying bare the acute pressures faced by landlords and tenants.

His comment was "Aaarrghh!" Not much I can add to that.
Spotted by Mombers at HPC, a question at Property118:
Reluctant landlord (wot?): I note that the LHA rates have been increased from 1st April 2020 – March 2021. A couple of questions…
2. Are any landlords now upping their rents in light of this LHA increase going forward?

PT: If like me, you have tenants on LHA rates, which previously was on average 20-30% below private rental rates, then I see no harm in increasing the rents where the increase will be picked up by the benefit system... It also brings the rents inline with what the property should rent for.
WP: Just thought of another question - if a rent increase will not effect the tenant at all in regard to any top ups (they currently do not pay anyway) - can I notify HB/DWP myself direct? If it is not for the benefit of my tenants, asking them to contact the department about the rent increase will fall on deaf ears....
TBH adds "If you ever needed reassurance that we are on the right side, this thread is ideal." Again, there's not much I can add to that.

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