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Tax on Rented Property

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 income. Continue reading on Directgov - public services all in one ...

It Was Never Like This Before …

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) ... "... Even if in the absence of authority I might have come to a different decision, I do not ...

Joint Tenancy Or Many Individual Tenancies?

Joint 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 have their own preferences. Below is some summarised pros and cons. Single Joint Tenancy - Advantages If one tenant leaves university during the term, ...

Protect a Deposit with DPS

Protecting the deposit Go-to the DPS website www.depositprotection.com or call 0844 4727 000 Register yourself as a landlord, you will then receive a landlords ID. Log in to the system and add the property. Next, add the tenant and deposit details to the property. You will need to choose the custodial or insured option ...

Six Months Rent in Advance and Tenancy Deposits

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 landlord claims that a payment of money was for rent in advance and not a deposit, ...

Rent dodger signs – Are they lawful?

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 "rent dodger lives here". Is this legal? A: S.40 Administration of Justice Act 1970 ...

Missing Prescribed Information

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) Prescribed Information Order 2007 had not been given. The landlord had ...

A New Direct Payment Issue

The Department of Work and Pensions ("DWP") has issued new guidance to local authority staff for local housing allowance. In the guidance, a new point is raised concerning direct payments to landlords when the tenant is the equivalent of eight weeks or more in arrears. At this point, it is perhaps worth recapping a little as to where we are ...

Leases in Writing and as a Deed

Except for a tenancy taking effect in possession with a term not exceeding 3 years ,  a contract for the disposition of an interest in land (which includes tenancy agreements) can only be made in writing and only by incorporating all the terms which the parties have expressly agreed in one document or, where contracts are exchanged, in each . ...

New Legislation Website

A new website has been launched http://www.legislation.gov.uk. This website hopes (in time) to provide fully revised versions of legislation which can be a difficult to obtain without spending large amounts of money on subscription based services (like we do). The main advantage to the previous websites providing legislation is that it was ...