07 10 2014
Many private residential landlords, particularly those with large tenant portfolios, will be concerned by a recent County Court decision. The court held that, even if the tenancy deposit had been protected at the outset of the fixed term of the assured shorthold tenancy (AST), the registration requirements must be followed when a statutory tenancy arose at the end of the fixed term.
Buying a house is an exciting event in many people’s lives.
Whether you’re a first time buyer or a veteran of the property ladder, the process of buying and selling a house is littered with potential pitfalls.
From 1 October 2010, legislation will come into force in England that increases the annual rent threshold for an assured tenancy to £100,000. At the moment, a tenancy cannot be an assured tenancy if the rent is more than £25,000 a year. These tenancies are known as “common law tenancies”.
With repossession properties being sold on average at a third less than their market value, and in some instances even less, you are right to think that they offer excellent opportunities to investors, developers, first time buyers and a wide range of purchasers.