LandlordZONE

03

Sep, 2014

Wednesday

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    mortgage interest relief

    I propose to let out part of my home. It is best described as a granny annexe, self contained but a shared entrance. I presume I could go down the rent a room route but I have a large mortgage and I...
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    Thanks for that KingMaker. Just so that I am...

    Thanks for that KingMaker. Just so that I am clear on this, Assume we remain separated and I die leaving the house worth £280,000 to my wife. There is no IHT liability or CGT liability at that time?...
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    Tenants in common

    My daughter owns her former home together with her ex-partner as tenants in common. At present the house is let on an AST. At the end of the tenancy she would like to sell. Can one party unilaterally...
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    When I die (but not too soon, I hope).

    I have owned and let a property since 1990. This year, for the first time, I took up occupation. I paid £80,000 and it is now worth about £280,000 so I am looking at a big capital gain tax bill....
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    Thanks for both responses. That's what I was...

    Thanks for both responses. That's what I was hoping to hear. Has anybody any experience of enforcing a LVT decision via the small claims court or indeed in any other way? When I used the link...
  6. A case involving this point was, perhaps, the...

    A case involving this point was, perhaps, the highlight of my L.A. housing management career! It was complicated by one of the joint tenants obtaining an injunction but nevertheless after losing at...
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    Legal costs of lease extension

    I applied to extend the lease of a one bed. flat but after I had served the Notice of claim and the freeholder had served a counter notice the freeholder died and the property was sold. The new...
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    My wife's original intention was that the new...

    My wife's original intention was that the new fixed term tenancy should commence at the expiry of the current tenancy on 31 May. Thanks for the helpful comments but it does seem that we need input...
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    Creating a new tenancy by mistake?

    My wife has for three years let a house on a fixed term AST. The tenancy ends on 31 May. In January the tenant wrote by Email "I propose the signing of another renting agreement for a period of two...
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    Hi, Just seen your post after I responded to...

    Hi, Just seen your post after I responded to Andy. Do you have any idea where I can find the decision you mention. Is it a court case or is this something the LVT deals with?
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    hi Andy, Yes that is what happened. The...

    hi Andy, Yes that is what happened. The freeholder (non resident) did a deal with the other leaseholder without approaching my friend. My interpretation of Lease-Advice is that the freeholder can...
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    Sale of freehold Right of first refusal

    A friend who isn't on line has asked me to raise a query.
    He has a 70 year lease on a flat. There is one other flat in the building. The other leaseholder recently informed him (verbally) that he...
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    The original freeholder (who has died( and his...

    The original freeholder (who has died( and his solicitor always provided a proper address. The freehold was sold and the new freeholder's solicitor wrote "I have received your letter of 11 April...
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    The freeholder has never provided an address...

    The freeholder has never provided an address other than that of his investment property (and he doesn't receive mail sent there). I took his solicitor to task over this and he claimed the freeholder...
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    Must freeholder be the respondent?

    I made an application to the LVT over excessive legal costs for a lease extension but the freeholder (the respondent) cannot be traced.
    The freehold was sold after the service of the S.42 Notice so...
  16. Thanks for replying. I think I have found the...

    Thanks for replying. I think I have found the relevant legislation, L.R.,H.& U.D. Act 1993 sect.48 but I can't figure out what it means!
    My position is that we agreed terms including the premium...
  17. Time limit following agreement of lease extension terms?

    If a landlord and tenant reach agreement on premium etc following service of sect 42 Notice and counter notice is a time limit imposed during which a new lease must be signed and if not the sect 42...
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    Section 21 notice

    At the expiry of a s.21 notice does the tenancy end or is it the same situation
    the same as a NOSP in a secure tenancy ie the tenancy only ends when the tenant vacates or the court grants a...
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    Peter, No my wife doesn't plan to leave her...

    Peter, No my wife doesn't plan to leave her present home.
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    Thanks Peter, It would certainly be my only home...

    Thanks Peter, It would certainly be my only home for the three year period. Would there be any benefit if I transfer all or part of the ownership to my wife and if so does it matter if I do this...
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    Capital Gains Tax.

    Help please on my CGT liability.
    I purchased a property jointly with my wife in 1990 for £81,000. In 2000 ownership was transferred to my sole name. The property has been let throughout the whole...
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    Thanks for the helpful advice but I still can't...

    Thanks for the helpful advice but I still can't get my head round this. Everybody agrees that the L/L cannot lawfully "re-enter" the property in 21 days after the rent is due but not demanded yet...
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    Normal but strange term in long lease

    My wife is negotiating to buy a property that will be on a new long lease. Because it is a new lease there is some hope of amending it before signing and this makes you realise just how one-sided...
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