Saturday, October 16News That Matters
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Tag: Landlords

Whitbread: Premier Inn owner asks landlords for rent cut

Whitbread: Premier Inn owner asks landlords for rent cut

Business
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Renting: How landlords can refuse to let to tenants with children

Renting: How landlords can refuse to let to tenants with children

Business
Landlords can refuse potential tenants with children when letting out a UK property, which has prompted complaints from some of those turned down.Some families searching for a home to rent say it is unfair and discriminatory to rule out tenants with children.But landlords point out that not all properties are suitable for youngsters, and that they are within their rights to refuse.The debate has been played out on the BBC News Affordable Living Facebook page.Tenant: 'It felt a bit harsh - it was an ideal small family home'Tom Dedynski has two children, aged nine and five, but has separated from his wife. He was looking for a two-bedroom home to rent in Peterborough so he had enough room for his children to come to live with him during various weekends and at other times. He thought he had ...
Monsoon rescue bid offers landlords profit-share

Monsoon rescue bid offers landlords profit-share

Business
By Mark Kleinman, City editor Monsoon Accessorize, the struggling fashion retailer, is to offer landlords a share of future profits after snubbing their demands for an equity stake in the company.Sky News has learnt that a company voluntary arrangement (CVA) proposal to be published later on Wednesday will offer store owners up to £10m annually if Monsoon's profits beat internal forecasts in future years. The plan has been devised by advisers to Peter Simon, Monsoon Accessorize's founder, who has rejected requests by landlords to be handed a minority equity stake in the company.Insiders said on Wednesday that a group of landlords which had been seeking to negotiate with Mr Simon now included NFU Mutual, the insurer which was founded more than a century...
Landlords in legal challenge to House of Fraser rescue

Landlords in legal challenge to House of Fraser rescue

Business
A group of landlords is going to court over the rescue plan for House of Fraser saying it treated them unfairly.In June, House of Fraser creditors agreed to a company voluntary arrangement (CVA) - a rescue deal under which 31 stores were closed and rents at 10 other stores were slashed by 25%.The landlords said there was "unfair prejudice" against them in this action.House of Fraser said it had not received any formal legal notice from the landlords about going to court."On the assumption that a challenge is filed in court, whilst we are disappointed, we look forward to robustly defending our position and we are confident that this will not affect our commercial plans," a House of Fraser statement said.The legal challenge is not expected to affect the Hou...