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no win no fee letter [Page 2]

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Global Moderator
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« Reply #30 on: July 17, 2022, 10:17:12 PM »

It's a term used in sword fencing I seem to recall,you say it when the other person gives you a little taste of their steel. It means touched. in English.
Newbie
Posts: 34

This country used to respect landlords!

« Reply #31 on: July 24, 2022, 12:32:12 PM »

They have now accepted my part 36 offer of £5000
Newbie
Posts: 34

This country used to respect landlords!

« Reply #32 on: July 24, 2022, 12:54:30 PM »

I am not pleased at all with the amount but I am glad it was them who folded and accepted my offer.
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« Reply #33 on: July 24, 2022, 03:08:44 PM »

I can understand your resentment,I get it.It is unfortunate though that you did not react when we all advised,before the ambulance chasers got involved.It could have worked out cheaper. Landlords really can't afford to get anything wrong now,some tenants are out for blood.   
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« Reply #34 on: July 25, 2022, 09:45:19 AM »

The original deposit was £1900. If you’d offered a full refund maybe with a little extra you’d have saved yourself £3k and a lot of time and stress.

Be careful who you take advice from in the future. If you’d listened to the advice of this board rather than your mate this would have been resolved a long time ago for considerably less.
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I like property

« Reply #35 on: July 25, 2022, 09:57:01 AM »

I am not pleased at all with the amount but I am glad it was them who folded and accepted my offer.
They "folded"?

LOL.
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« Reply #36 on: July 25, 2022, 11:27:52 AM »

Be careful who you take advice from in the future. If you’d listened to the advice of this board rather than your mate this would have been resolved a long time ago for considerably less.

Owl hasn't exactly got Brain, but he Knows Things.
Newbie
Posts: 34

This country used to respect landlords!

« Reply #37 on: July 25, 2022, 11:29:45 AM »

I am not pleased at all with the amount but I am glad it was them who folded and accepted my offer.
They "folded"?

LOL.

The goal of negotiation is to get the other side to accept YOUR offer. They were insistent on £6,000 but they soon folded on my counter-offer.
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« Reply #38 on: July 25, 2022, 11:33:04 AM »

I am not pleased at all with the amount but I am glad it was them who folded and accepted my offer.

They came down from their last offer of £6,000. You came up from your last offer of £3,500. £4,750 would have been dead middle... your minimum exposure (based on Deposits alone) we think would have been £3,800? No, certainly none of this is perfect... but at least it's over. Consider it a very expensive training course. Not many Landlords make the same mistake twice. And your knowledgeable friend owes you a beer.
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« Reply #39 on: July 25, 2022, 11:34:54 AM »

The goal of negotiation is to get the other side to accept YOUR offer. They were insistent on £6,000 but they soon folded on my counter-offer.

By that logic if your counter-offer was £5,999 and they accepted they would still have folded?

Methinks the goal of negotiation is to get the best outcome (in this case financially) for yourself.

Anyway, don't labour on it... and the fact you've told us exactly what went down is going to be helpful for other Landlords who find themselves in a similar situation.
« Last Edit: July 25, 2022, 11:44:28 AM by Hippogriff »
Newbie
Posts: 34

This country used to respect landlords!

« Reply #40 on: July 25, 2022, 11:59:12 AM »

Perhaps it could have gone better but I will certainly never make this mistake again. I am already talking to my MP about what I see as a ridiculous law that is being used by activist groups in order to extort money from landlords.

Also the new tenants in the flat are paying 25% more than the previous ones, and I recently put all of my rents up by 5%. So this really is a drop in the ocean in the bigger scheem of things!
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Landlord - always learning

« Reply #41 on: July 25, 2022, 12:05:15 PM »

Owl hasn't exactly got Brain, but he Knows Things.

He certainly does!  Enough Things to take the High Ground in another thread (having unnecessarily lost a few £thousand in this one).

https://www.landlordforumproject.co.uk/tenant-life/deposit-double-protected-one-pi-or-two/msg34570/#msg34570

    "mahira having read your posts you seem like the biggest pillock on this forum. Either pay the rent you owe or get out of the property! It isn't yours!!!"


https://www.landlordforumproject.co.uk/tenant-life/deposit-double-protected-one-pi-or-two/msg34572/#msg34572

    "have you made any attempt to pay the LL back? How many months' rent do you owe? Paying that back should be your number one priority, yet you seem to think of yourself as the victim!"

Pot, meet kettle!

Looking forward to more of your posts SANDCASTLE.

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« Reply #42 on: July 25, 2022, 12:09:25 PM »

I am already talking to my MP about what I see as a ridiculous law that is being used by activist groups in order to extort money from landlords.
"Activist groups"? Where are they in your narrative?

The law was quite specifically designed to encourage tenants to police it for their own financial return.
It's hardly a big surprise that firms have discovered how to make money from that.

From next April, this kind of "cost" based claim won't be allowed, as the legal firm will be limited to realistic costs - and the costs will be published and maintained centrally.
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« Reply #43 on: July 25, 2022, 01:25:15 PM »

...but I will certainly never make this mistake again.

This is the take-away.
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« Reply #44 on: July 25, 2022, 01:31:50 PM »

The goal of negotiation is to get the other side to accept YOUR offer.

Well, that's one approach. The other option is to get the other side to offer what you want.

The solicitors have no emotional investment in the outcome. They never for one moment dream of what they'd do with the money if they won six times the deposit or whatever. They're pretty much ambivalent about going to court: it's literally all in a day's work for them, and they're as sure as they can be that they're going to win. What they don't want to do is go to court and then fail to be awarded costs. So, as soon as they've got all the details from their client, they work out a number - the amount they can reasonably expect to win, plus reasonable costs, write it down on a Post-It note, and just wait for the other party to offer that much.

The only thing they folded was the Post-It note when you reached the magic number.
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« Reply #45 on: July 25, 2022, 04:15:18 PM »

The tenants were hoping for the maximum of £6k. The landlord was hoping to return less than the £1900 deposit.

The tenant got £5k.

I think it is clear the tenant won here and rightly so.
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« Reply #46 on: July 28, 2022, 10:23:51 AM »

Perhaps it could have gone better but I will certainly never make this mistake again. I am already talking to my MP about what I see as a ridiculous law that is being used by activist groups in order to extort money from landlords.

Deposit protection rules were introduced 15 years ago, you' seem a little late to the party to moan about them.
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