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John Thomspon
Agent
3540  Profile Views

About Me

Business Owner

my expertise in the industry

Over 25 years

John 's Recent Activity

John  Thomspon

From: John Thomspon 12 April 2024 08:19 AM

John  Thomspon

From: John Thomspon 13 March 2024 10:19 AM

John  Thomspon

From: John Thomspon 06 December 2023 08:02 AM

John  Thomspon
I am a landlord and also a letting agency owner in Surrey with nearly 40 years legal, mediation and management experience. If I may, I would like to offer some balance on this topic. A tenancy renewal covers: 1. A new fixed term agreement allows provision for an agreed notice provision from tenant by the tenant , eg; 2 or 3 months, and after a minimum contract term. This can help engender a tenant’s notice potential away from quieter times like Xmas and avoid void rental periods. Alternatively a s13 notice. 2. Rent review negotiation with tenants, including providing comparable evidence that would be accepted at a rent tribunal. 3. Updating tenant right to rent compliance, via government share codes if required. If you don’t have these a landlord is legally obligated to advise the Home Office. 4. Updating all safety & How To Rent tenant compliance, and most importantly, audit trail tenant receipt evidence of such. You will more likely (nowadays) than not, not get a possession order without all the above boxes ticked. 5. Finally your agent, if properly regulated, will have PI insurance, meaning you’re fully covered for the above. If you have all this covered then that’s great. We are all by now aware though that the powers that be will try and trip you up - for example; there have been 2 new editions of the How To Rent Guide this year. There will be a charge for the above by your agent, less than a trip to the dentist for a check up. Great value in my opinion, for peace of mind, if nothing else. I appreciate you must have an experienced, qualified local agent you have a relationship with and trust; one that picks up the phone when you ring them! I’m sure everyone on this forum is fully clued up on the above. That said, there are 1000’s, not as clued up as you, who won’t stay on top of it, and are sleepwalking into problems.

From: John Thomspon 25 October 2023 08:59 AM

John  Thomspon
The Rt Hon Rachel Maclean is wrong. Here’s a letter I recently sent to my My MP and Michael Gove… Redacted is probably appropriate , but happy to share - I politely suggest Rachael takes her head out of the sand and reads it. For context, it should be noted that I am a proprietor of a small, independent and fully regulated letting agent. Dear Rt Hon Thank you once again for taking the time to read my communication. You may recall I wrote to you back in 2021 expressing my concerns about excessive anti-landlord interference in the private rental sector. I thought it prudent to update you on the current state of supply, as we reach a critical stage of the Renters Reform Bill. The concerns and outcomes I expressed back in 2021 are certainly coming home to roost, with a supply crisis worsening by the month and leading to exponential rent increases. Only last week I received 12 separate tenant offers on a 2 bedroom property within 24 hours of marketing. A difficult job advising 11 potential suitors they had been passed over! Such situations are becoming the norm. I am all for positive reform and tenant security of tenure, with tougher penalties for landlords who ignore compliance and their repairing obligations. Fortunately, such landlords are few and far between, and appear greater in the social housing sector than in the private sector. Suffice it to say, the media sentiment of greedy, uncaring private sector landlords is grossly over exaggerated. With the current landlord sector exodus worsening, steps need to be taken reverse this trend as a matter of urgency. The majority of the Renters Reform Bill has overwhelming acceptance in our industry, but there are arrears that are too heavily weighed against landlords. 1. Periodic tenancies from the outset are simply unworkable. Given the costs to landlords for compliance, inventories, referencing etc, there must be some commitment beyond 2 months from a tenant from the start of a tenancy. Moreover, most tenants prefer the security of fixed term tenancies. It is probably different in the social housing sector I appreciate, and certainly a reason to consider reforming these sectors independently of each other. 2. The addition of section 8 grounds to incorporate an accelerated possession procedure for rent arrears, or anti-social behaviour, would stop new legislation becoming ‘a gift’ for bad tenants. Section 21 has previously been used for bad tenants in the main and created a buffer for potential court system overload. My view is that removing this buffer, and not including an accelerated possession procedure in a reformed section 8, will collapse the court system completely. This will create anarchy in the sector and drive much of it underground. 3. Deposit reform is unnecessary. The current system provides more than adequate tenant protection and works perfectly well. Any changes that will compromise appropriate tenant responsibility for leaving a property as they found it should be dismissed completely, otherwise it will only serve to drive more landlords away. I do sense a greater political understanding and a more considered approach is now being adopted. It is important that politicians stand firm and do not bow down to outside pressures and tenant support groups. I am not naïve enough not to acknowledge the importance of young voters, but this should not be the motivating factor for housing reform. Following the current path will make a housing shortage a supply tsunami that will take decades to repair. Having been in the industry since 1984, I would hope my knowledge and experience can be passed on and used to support a fairer and positive sector for both tenants and landlords alike. Yours sincerely Mr Common Sense (didn’t put this but it’s how I feel!😉)

From: John Thomspon 23 March 2023 07:12 AM

John  Thomspon
Agreed that large letting agents are awful! Too expensive, front end negotiators that don't care and are just interested in box ticking. Call centre management services not handled by the same experienced member of staff, who don't live locally and who take no personal responsibility. Not to mention the use of facilities management companies for maintenance at extortionate prices and accounts departments that are uncontactable and automated. That said, if you're a landlord who thinks they have peace of legislation covered, every legal document correctly completed, have every signed tenant receipt of compliance with witness certificates and indisputable audit trails, and finally, if you're all over what's coming over the next year and taking action now to be fully prepared..... then brilliant and well done! I guarantee though that you are 1 in 100 landlords. I have run my own letting agency since 1988, I have what's app communication with most of my clients, an encyclopaedic knowledge of housing law (sorry if that sounds conceited)...and I am always all over the few bad tenants I have come across, and all over what's on the way. Taking action now to protect and ensure my clients have the necessary advance advice is my current MO. In conclusion, the answer is to use a small independent proprietor owned, (regulated of course) lettings agent like me! With respect, I am seeing so many private, over confident landlords with nowhere near the knowledge they think they have, and subsequently failing to get possession on technicalities. Fine if you have a good tenant, but life will become very different in the next year or so in the PRS and you will repent at you're own leisure if you don't get things 100% right. I have my tin hat donned, but I bet a pound to a penny that this post ages well.

From: John Thomspon 10 March 2023 16:11 PM

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From: John Thomspon 14 October 2022 10:52 AM

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From: John Thomspon 13 October 2022 09:29 AM

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From: John Thomspon 05 October 2022 09:42 AM

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From: John Thomspon 17 August 2022 15:31 PM

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From: John Thomspon 06 May 2022 10:44 AM

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From: John Thomspon 02 February 2022 12:59 PM

John  Thomspon
We see here at first hand the problem with many who use their media platform without deeper research. Little, or no, experience (outside of a non-nuanced book) of the core reasons we have so many private Landlord's in the first place. Most landlords became such from the mid-nineties onwards - a direct resultant effect of the failure to protect private pensions. With fraud too easy to commit, and the rich able to screw with an individual's future, public confidence in pensions was devastated. The normal, average, hard working, prudent working person turned other means to secure their future. Many put their savings into bricks and mortar... and forewent the luxuries that everyone today (including Charlotte no doubt) enjoy and take for granted. There are those landlords who have made millions, just like other prudent investors in every other walk of life! Most Landlord's have NOT though become millionaires and that narrative is never at the forefront of the discussion. All we hear is the slur and demonisation of decent fully compliant long term Landlords (decent people), 99% of whom support the creation of homes and futures for society, performing a duty that this country's consecutive governments have failed in. Not just the governments fault when they have to pander to PERCEIVED public opinion on a 5 year rotation. That's another topic, nevertheless an important one to consider. How can the UK have cohesive housing plan if its not a 'ring fenced' long term all party collective? It can't. Personally I find the naivety of Charlotte Gill disturbing... and her anti-landlord narrative nothing short of disgusting! Most young people when I were in my 20's didn't moan, weren't self entitled, didn't begrudge, and weren't hell bent on destroying the lives of the older generations. They just got on with it, got their heads down and saw older financial successful people as a yard-stick for themselves. So sorry Charlotte, but if you really want to be constructive, you need to take your head out of the sand (I'm being polite), adopt a more nuanced approach and engage with all Landlords. You would likely get the real picture of the security good Tenants (decent people too!) are afforded. Perhaps then you will stop this negative virtue signalling! Conservatives need our votes too. You should remember that. Happy New Year to all!

From: John Thomspon 05 January 2022 10:37 AM

John  Thomspon

From: John Thomspon 13 December 2021 12:02 PM

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From: John Thomspon 13 December 2021 11:23 AM

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From: John Thomspon 18 October 2021 13:14 PM

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From: John Thomspon 25 August 2021 09:04 AM

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From: John Thomspon 25 June 2021 16:55 PM

John  Thomspon

From: John Thomspon 27 November 2020 12:38 PM

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From: John Thomspon 23 November 2020 15:47 PM

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From: John Thomspon 30 October 2020 09:26 AM

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