Large or Small Landlord

E

EAMONP

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I have 4 rental properties, 1 is through my Davy pension. Does anyone know if this means I would be classified as a small landlord with my original 3 properties as the DAVY pension property is held in trust with them?

Thank you
 
No idea at this point and all sorts of questions of this type will come up. The legislation when it is drafted may provide an answer.

I suspect that you will be a large landlord as I think they will cast that net as wide as possible. Landlords evicting to sell causes 40% of all emergency accommodation presentations so it is in the government's interest to increase the number of permanent tenancies to the maximum extent possible.
 
Thanks for the reply, I am probably best selling one as I don't want to be restricted in the coming years if my situation changes.
 
I think a lot of people are thinking along the same lines as you.

If you have 4 properties, why get yourself classed as a large landlord with all the restrictions if you can simply sell one.

Keep in mind though, that as a small landlord if your tenants stay in place, you can only sell once every 6 years. If you have tenants replacing each other over the 6 years (a house share) I've no idea how you'd work out which tenant the 6 years is based on. Also rent increases if the tenants don't leave is HICP/2% and a large rent increase at the end of the cycle probably won't be allowed politically. Being a small landlord has downsides as well - just not as bad as being a large one!
 
My plan was to build a portfolio that would be protected from inflation but with restricted rent increases and not being able to sell when I want I have no choice. I'll probably sell and look at other investments that can be more flexible. Time to look into other things that are more investor friendly.
 
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