by guildy | 25 Aug 2010 | Publicly Visible, Tax & VAT
Introduction Letting residential property is treated as a single business, even if you let out more than one property. If you let out several properties, you can offset losses from one against profits from another. You pay tax on any profit as part of your overall...
by guildy | 24 Aug 2010 | Publicly Visible
I am doing some research for a member on a case where the service of the notice is in question which is requiring the reading of many transcripts. I found a little comment rather amusing that I thought worthy of sharing (emphasis added by me) … “…...
by guildy | 22 Aug 2010 | Granting a Tenancy
Introduction The tenancy deposit legislation has provided many problems for landlords, in particular this is true for student landlords. One way to avoid the scheme for student lettings would be to grant an assured tenancy rather than an assured shorthold. However,...
by guildy | 22 Aug 2010 | Granting a Tenancy
This entry is part 14 of 21 in the series Granting an Assured Shorthold TenancyJoint tenancy or individual tenancies? It is very much a personal choice as to whether a landlord grants a single joint tenancy or multiple tenancies on a per room basis and most landlords...
by guildy | 22 Aug 2010 | Guarantor
TENANTS OFTEN DEFAULT IN THE PAYMENT OF RENT LANDLORDS MAY PROTECT THEMSELVES BY TAKING A GUARANTOR Why have a guarantee? If the tenant defaults in paying the rent or breaches some other obligation of the tenancy, the guarantor can be required to pay. This gives the...
by guildy | 22 Aug 2010 | News, Possession, Publicly Visible, Tenancy Deposit
MyDeposits have issued new rules which take effect from 6 April 2010. The Guild of Residential Landlords tenancy agreement and prescribed information designed for MyDeposits has been amended to reflect the new rules. The main changes are to do with the late protection...
by guildy | 22 Aug 2010 | Tenancy Deposit
This entry is part 5 of 8 in the series Protect / Unprotect a DepositBelow is a quick summary of how to protect a deposit using the Deposit Protection Service (DPS) which is the free to use “custodial scheme”. Note: If the deposit has not been protected...
by guildy | 22 Aug 2010 | Granting a Tenancy, Guild Services
This entry is part 6 of 21 in the series Granting an Assured Shorthold TenancyMembers of the Guild of Residential Landlords can advertise their property through upad at a 50% discounted rate which boasts advertising on almost 1000 websites including globrix.com,...
by guildy | 22 Aug 2010 | Granting a Tenancy
This entry is part 11 of 21 in the series Granting an Assured Shorthold TenancyLandlord to do following: Members of the Guild of Residential Landlords can credit check the prospective tenant and guarantor using the tenant referencing service. This will check CCJs,...
by guildy | 22 Aug 2010 | Members Questions, Post Tenancy, Rent, Tenancy Deposit
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by guildy | 22 Aug 2010 | HHSRS, Members Questions, Repairing Obligations, Tenant Repairs
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by guildy | 17 Aug 2010 | Rent, Tenancy Deposit
Sometimes, a landlord is offered a multiple of months rent in advance by a prospective tenant. Commonly this is six months rent in advance. Since the introduction of tenancy deposit schemes, this can cause a surprising problem. It is well accepted that where a...
by guildy | 16 Aug 2010 | Consultation, Housing Benefit, News, Publicly Visible
The Social Security Advisory Committee (SSAC) has announced a public consultation in relation to amendments to the Housing Benefit Regulations 2006. The changes all relate to the recent budget announcements namely the 30% reduction in LHA rates, the removal of five...
by guildy | 16 Aug 2010 | Unlawful Eviction
I’ve just had an interesting question on the help-line that I thought worthy of a brief article. I remembered seeing this on the news a while ago and found a BBC article here Q: My friend who is a landlord has placed a sign outside his property stating...
by guildy | 8 Aug 2010 | News, Publicly Visible, Tenancy Deposit
Baafi v Mapp Central London County Court 24 June 2010 The landlord had served a section 21 notice and commenced possession proceedings. The claim was defended by the tenant on the basis that the prescribed information required by the The Housing (Tenancy Deposits)...