I have rented my property to my brother on an Assured Shorthold Tenancy for the last 4 years. I pay for the mortgage, insurance some bills, and make rent demands like any regular landlord. He lives their with is spouse and children. Rent is charged under the terms of the AST I hold in agreement.
The tenancy is in rent arrears but where he is my brother I have not taken formal action of recovery and are naturally more lenient with him as a family member,
My concern is that with his spouse about to divorce him (it is still early days) that my property asset is at risk from being included in the martial pot as I have perhaps shown more charity as a Landlord than I would have compared to a non-family member, however, that is subjective, as despite being my sibling I have a signed agreement, issued tenancy paper work, issue rent statement of arrears etc. like any regular landlord.
Any advice would be appreciated.