TENANTS RIGHTS

Read Your Contract Carefully Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often sign the agreement with no questions asked. This is a mistake because a rental agreement is a legal contract which may have a host of important information which the renter should be aware of before signing the document. Considering a Roommate? Those who are considering the possibility of a roommate may mistakenly believe this is possible because they are living alone and have two bedrooms and two bedrooms. These uninformed renters may see an opportunity to share their rent with another. However, some rental agreements strictly prohibit renters from soliciting their own roommates and allowing an additional person to move into the apartment after the lease is already signed. Renters who violate this agreement may face harsh penalties. These penalties may even include eviction. Renters who want to have the option of a roommate should ideally make this decision before the contract is signed. This will enable the homeowner to put provisions into the contract to allow for the renter to add an additional resident at any time. The leasing agent may still require final approval of your roommate but this approval process will likely be dependent on the results of a background check as well as a check of the potential roommate’s finances. Want to Adopt a Pet? Renters who wish to adopt a pet in the near future should also familiarize themselves with the rental agreement. This is important because restrictions on the types, size and specific breed of pets apply not only when the renter moves in but throughout the terms of his rental agreement. This means a renter who has signed contractual documents stating they do not own any of the prohibited pets such as dogs or cats are not free to purchase or adopt additional pets during the course of the rental agreement. Therefore, renters who do not have pets but plan to adopt or purchase pets in the near future should read the contract documents as if they are already a pet owner and decide whether or not to sign based on the statements within the policy. Plan on Having Visitors Regularly? Even renters who have regular overnight guests should familiarize themselves with their rental agreement before signing the document. This is important because frequent guests may actually be considered residents in some situations. This will likely depend on the specific rental agreement but it is not entirely uncommon for leasing agents to specify that visitors who spend a specific number of nights on the property per month are considered to be residents of the apartment. This is important because the rental agreement may clearly identify how many people may reside in the apartment at any one time. Visitors who are staying at the apartment too often may put the resident at risk of being accused of having additional persons living in the apartment. In some situations this might be considered cause for eviction. For this reason, the renter should be sure he is familiar with the terms of the agreement before allowing others to spend the night in the apartment on a regular basis. wHY RENT WHEN YOU CAN CLAIM FREE LAND AND PROPERTY?

Costs to Consider when Purchasing Rental Investment Property

Costs to Consider when Purchasing Rental Investment Property

The process of searching for investment rental property can be exciting; however, before you get too excited it is important to run some preliminary numbers to make sure you know exactly what you are facing to ensure a successful investment.

First, you need to carefully examine potential rental income. If the property has already served as a rental property, you need to take the time to find out how much the property has rented for in the past and then do some research to determine whether that amount is on target or not. In some cases, properties may have rented for lower than they should have while in other cases a property may be over-rented. Look at comparables in the area to make sure you know whether the property in question is on target; otherwise you may find that the amount you think you will be receiving in rental income is unrealistic.

Mortgage interest is another area that should be considered carefully. Make sure you know and understand prevailing interest rates as well as the details of your specific loan because mortgage interest is the biggest cost you will face when purchasing investment property. First, understand that homes and duplexes tend to have loan structures that are similar to any mortgage loan. With a larger property; however, such as a triplex; rates tend to be higher. If you are looking at commercial property with even more units; the matter of terms and rates is completely different. Typically, the more money you are able to put down on the purchase of the property, the less interest you will have to pay.

Taxes are another issue. Many people use the taxes from the year in which the property was purchased and assume they can use these figures to estimate expenses. This is not always the cases because taxes do not remain the same; they typically change every year. Usually, taxes go up after a property is purchased. This is especially true if the property was previously owner occupied. So, it is typically a good idea to just assume that the taxes will go up on the property after you purchase it.

One area which many people fail to take into consideration is the cost of the property being vacant. While you would certainly hope that your property would remain rented all the time, this simply is not realistic. There will probably be times when your property will be vacant. Generally, you should assume that your property will have an average 10% vacancy rate.

The cost of tenant turnover should also be taken into consideration. This is often a big surprise to many landlords who assume they will rent out their properties and their tenants will remain in the property for some time. Even more of a surprise is how much it costs to prepare the property to rent out again. Just a few of the costs include not only advertising for a new renter but also repainting, cleaning, etc. If damage was done to the property, the total cost of repair may not be fully covered by the security deposit you charged.

Of course, the cost of insurance should also be taken into consideration. Keep in mind that the insurance for investment properties is usually higher than an owner occupied property. Make sure you obtain a quote rather than just using the insurance cost for your own home as an estimating guide. In addition, make sure you take into consideration not only property insurance but also liability insurance as well.

Utility costs are another area that are frequently under-estimated. If the property has already served as a rental property make sure you find out exactly what the owner pays for and what the renters pay for. You should also make sure to find out whether you will be responsible for other costs such as trash collection.

Finally, take into consideration the costs of property management if you will not be managing the property yourself.

STOP HOME REPOSSESSIONS!

STOP HOUSE REPOSSESSIONS
2nd mortgage applications are being turned down in record numbers but the amount of people who apply for mortgages
is increasing even those with small arrears are finding it difficult to avoid repossession. This is due mainly
to the huge amount of bad credit mortgages given in the last few years to people with bad debt ccjs who wanted
to consolidate debts into one loan in a consolidation loan clearing debts from credit card balances. These people desperately
need debt management plans that offer an easy to impliment debt solution.

Help with debts and help with repossessions from the government have been talked about but have still not been implemented
leaving people struggling to find even affordable repossession advice.

So how does one get repossessions stopped ?

well in the first instance CONTACT YOUR CREDITORS its no use hiding your head under the blanket

GET REPOSSESSION ADVICE NOW whatever the cost it must be better than losing you home

STOP REPOSSESSIONS

The number of homes in the UK repossessed by lenders rose last year by 54% to 40,000, according to the Council of Mortgage Lenders (CML).

Despite the recession, the CML said this was fewer than it had originally predicted, but it expects repossessions this year will reach about 75,000. IN THE UK ALONE!

It said lenders were making "strenuous efforts" to ensure repossessions were a last resort.

But it also reported a sharp rise in homeowners handing back their keys.

"We strongly urge borrowers to contact their lender and work with them before taking this step, as there may be other solutions," said the CML's director general Michael Coogan.

"Borrowers are still liable for their debt, even if they leave the property, so working through their problems is much more likely to be in their best interests," he added.

2nd mortgage applications are being turned down in record numbers but the amount of people who apply for mortgages
is increasing even those with small arrears are finding it difficult to avoid repossession. This is due mainly
to the huge amount of bad credit mortgages given in the last few years to people with bad debt ccjs who wanted
to consolidate debts into one loan in a consolidation loan clearing debts from credit card balances. These people desperately
need debt management plans that offer an easy to impliment debt solution.

Help with debts and help with repossessions from the government have been talked about but have still not been implemented
leaving people struggling to find even affordable repossession advice.

So how does one get repossessions stopped ?

well in the first instance CONTACT YOUR CREDITORS its no use hiding your head under the blanket

GET REPOSSESSION ADVICE NOW ehatever the cost it must be better than losing you home

Arrears

The level of arrears among mortgage borrowers also became worse as the recession gripped the economy.

We're putting in place this comprehensive package of measures to try and reduce the risk of repossession as much as we can

Iain Wright, Housing Minister


Dealing with the threat of repossession in England and Wales
Dealing with the threat of repossession in Scotland

By the end of last year, 182,600 mortgages had arrears worth 2.5% or more of the outstanding balance owed to the lender.

That amounted to 1.57% of all mortgages currently in existence.

That was up sharply from the 1.08% of mortgages with this level of arrears at the end of 2007, and the 1.29% of mortgages in this position at the end of September of 2008.

Housing Minister Iain Wright said the government had announced several initiatives designed to provide tailored support to people who risked losing their homes.

"For every repossession, it's a tragedy for somebody - for a family or household - so we have to continue to be focused and determined to minimise as much as possible the risk of repossession," he said.

"That's why we're putting in place this comprehensive package of measures to try and reduce the risk of repossession as much as we can."

But shadow housing minister Grant Shapps said the government was partly to blame.

business opportunity review 2

business opportunity review 2

aswell as the repair business another booming niche is private investigation. Course in private investigation are quite easy to find online and teach all the essential detective agency knowledge
some of the best private detective courses even inlcude some tech gear like vehicle trackers to help get you started

Everyone's looking for the real thing

Everyone's looking for the real thing when it comes to online business opportunities.
There are so many so called Gurus out there selling their "Essential" money making program
it makes your head spin! I know its difficult to believe ANYof the hype that surrounds them.

There are a few that i have looked into and can unreservedly recommend

1) learn how to repair things, people are always buying stuff that goes wrong if you can supply a repair service for gadgets such as mobile phones you could be onto a winner

Free Property - FREE-PROPERTY.CO.UK

Free Property - FREE-PROPERTY.CO.UK
The UK Land Registry currently holds details of almost 19 million registered land and property plots in the UK.

It is estimated that almost 8 million of these are unregistered

What does this mean?

Basically, the country is full of buildings, houses and land that is not owned anymore.

With a little work you can claim the land and occupy it straight away.

6 BILLION POUNDS OF CUTS ANNOUNCED BUT NOT ENOUGH!

6 Billion Pounds of cuts announced but only tip of huge debt iceberg

Uk Govt announce its £6 billion worth of cuts to fight the Debt crisis but this is only a tiny percentage of the £190 billion deficit.

Huge job losses are sure to follow added to this there are hints that interest rates and mortgage rates will rise soon this indicates that property vendors will look for quick sales to get out before the prices tumble.

Condolences must be offered to all those 6000 members of the public who have paid thousands of pounds in training to get qualified in proividing H.I.P.s for house sales who have now been made redundant because the new govt have scrapped them. i nearly joined that number myself last year ( phew a near miss for me!)

How will this affect the markets? well obviously : Land securities are going to suffer, buy to let landlords are going to go under, BUT mortgage companies and Insolvency practitioners will profit so my adbice is to BUY Loan company and mortage company shares and sell property shares


Mark

BUY SELL HOLD