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Rajeev Nayyar

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The consultation document makes it clear that if a replacement item represents an improvement then part of the cost (the part relating to the improvement) would not be an allowable expense. (Quoting from the consultation document an improvement is: if the new asset can do more or if it can be used to do something that it could not do before) A key question is how this would be applied in practice. For example would a landlord be required to apportion part of the cost of replacing a (possibly discontinued) 1000rpm washing machine with a 1400rpm washing machine as being an improvement cost. If so would they need professional valuation advice to do so?

From: Rajeev Nayyar 21 July 2015 06:08 AM

A chronic supply/demand imbalance means that market forces alone will not drive up standards. Full regulation of letting agents (with robust enforcement) is the only sensible way forward.

From: Rajeev Nayyar 12 May 2015 13:03 PM

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