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Aug, 2014

Thursday

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  1. Replies
    3
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    125

    What I am trying to ask is, does the month under...

    What I am trying to ask is, does the month under a periodic tenancy run from 10th to the 10th of the next month or is it 10th to the 9th.
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    3
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    125

    Dating a AST after last agreement became SPT

    If a tenancy agreement was drawn for 12months from 10th of March 2013 and I wanted to start a new agreement with same tenant from May.

    Would the start date on the new agreement need to be 11th...
  3. Replies
    2
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    949

    Transfer of beneficial interest

    I have a jointly owner property with a mortgage. The joint owners are not a couple but other family members. We want to transfer the rental income from the property to 100:0, so only one has to do...
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    895

    2 Independent businesses from one premises

    This question is not about property, but I am just wondering if someone could give some pointers on this.

    I am thinking of setup up a business where I would sell (provide services) 2 related but...
  5. Replies
    11
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    911

    I can understand why you are saying that but I...

    I can understand why you are saying that but I don't think you understand it clearly.

    If you let out property, you will pay tax on your profits minus your tax allowance.

    Profit = total rental...
  6. Thread: Household Income

    by SALL
    Replies
    2
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    604

    Tax credit calulations.

    Tax credit calulations.
  7. Replies
    11
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    911

    I could on 15K if I had no major outgoings like a...

    I could on 15K if I had no major outgoings like a mortgage.
  8. Thread: Household Income

    by SALL
    Replies
    2
    Views
    604

    Household Income

    What is classed as Household Income in the UK?

    Say a couple (with children) are living with their parents in one house. Would this be classed as two households for tax purposes?
  9. Replies
    3
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    577

    All I can find in the policy booklet is "20....

    All I can find in the policy booklet is

    "20. Restricted Theft
    Section 2 – Contents A 7 excludes loss or damage unless the theft involves forcible
    entry to or exit from the Property.
    Inventory...
  10. Replies
    3
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    577

    Significant and unusual exclusions

    I have just notice this wording in my current policy.

    Section 1: Buildings

    Significant and unusual exclusions.

    Certain loss or damage caused by you, paying guests or tenants (if property not...
  11. Replies
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    568

    Landlord Insurance

    Anyone got any recommendation for Landlord insurance for a single property. I am currently with Tower gate and looking at Simple Landlords Insurance. Can anyone give some feed back? I have looked...
  12. Replies
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    1,464

    It wasn't uninhabitable. But it needed...

    It wasn't uninhabitable. But it needed re-decoration etc to make it appealing to prospective tenants. I also installed a bathroom suit (with a bath) as the property only had a shower originally.
  13. Replies
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    1,464

    The repairs were not major structural repairs but...

    The repairs were not major structural repairs but re-decoration and renovation, which was necessary to make the property let able.
  14. Replies
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    1,464

    The owners are brothers. Is the documentation to...

    The owners are brothers. Is the documentation to transfer liability to one of them complicated?

    Property 2 was bought to rent out, can we not use the repairs against income from future rent.
  15. Replies
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    1,464

    Tax on rental income for joint owners

    If a property is owned by two people, one is basic rate tax payer other is higher rate. Is it possible for the lower rate tax payer to pay for all the liability of the property? It is a very small...
  16. Thread: AST Renewal

    by SALL
    Replies
    4
    Views
    410

    Thanks. They are also happy to sign.

    Thanks. They are also happy to sign.
  17. Thread: AST Renewal

    by SALL
    Replies
    4
    Views
    410

    Thanks. The reason I want a new 6 Month AST, is...

    Thanks. The reason I want a new 6 Month AST, is to have added security of knowing the tenant will be there for another 6 months.
  18. Thread: AST Renewal

    by SALL
    Replies
    4
    Views
    410

    AST Renewal

    I let out a property (house) on a 6 month AST.

    Say it was let on 10th of January.

    What would be the start date for a renewal tenancy for the same tenant, if we sign it before the end of the 6...
  19. Thread: 125 Yr Leasehold

    by SALL
    Replies
    4
    Views
    576

    Basically it’s a house I’m thinking of buying....

    Basically it’s a house I’m thinking of buying. but it is on sale as a leasehold with a new 125 year lease with pepper corn ground rent (if demanded - so basically nothing I guess) The local council...
  20. Thread: 125 Yr Leasehold

    by SALL
    Replies
    4
    Views
    576

    125 Yr Leasehold

    If I was to acquire a 125 yr new lease of a house with peppercorn ground rent.
    How would that be different to buying it freehold?
    Would the freehold of the property be worth much?

    It might...
  21. Replies
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    565

    No the account is a Landlord Account for another...

    No the account is a Landlord Account for another property I own. So would a new DPS account be better option?
  22. Replies
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    565

    Deposit protection of AST

    I am managing a property owned by my wife and another person. I am dealing with everything to do with the management of the tenancy for the property. The tenancy agreement doesn't have my name on it...
  23. Replies
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    1,425

    Permitted Resident

    I need to enter a named permitted resident on an AST. The person is under 18 and will be living with the Tenant. Tenant will be responsible for the full rent.

    I am just wondering, do I need to...
  24. 17 years old on a joint tenancy?

    Can a 17 year old be a joint tenancy with her partner? Or would it be best to list them as a permitted resident? Are their any issues with having a 17 year old as a tenant?
  25. Working tenants vs. LHA claimant with guarantor

    Which would be a better choice?

    Both young couples. Couple 1, both partners are working. Couple two will be claiming LHA but have a working and home owner guarantor.
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