It stands for Department of Social Security. It basically means that the landlord does not wish to accept tenants who are in receipt of benefits (i.e. Housing Benefit) from the government. This was the old name for the Dept. of Work and Pensions; and “No DSS” basically means that if you’re on the dole, don’t bother applying. If you do not receive Housing Benefit, are employed and can pay your own rent in full, it is unlikely to be a problem for you. Many landlords do not accept DSS. It is unfortunate, since not everyone that receives benefits is a ‘dole scrounger’. It’s actually quite ironic – since those who get their rent paid by the government are far more likely to pay in full and on time than some others who can supposedly afford the rent! The department of Social Security (DSS) is responsible for most of the help for people with disabilities. Responsibility for making policy lies with the DSS. This includes setting the framework of policy objectives and resources for the delivery and administration of social security benefits. Having trouble looking for dss properties? We source have landlords that will accept housing benift tenants all over london.hat will be your tenant for 1-25 years? Our company established in 2002 has assets, full set of company accounts, bank references and references from other landlords. We will guarantee rent will be paid every month on time without fail.DSS ACCEPTED is the new, quick and easy way to search online for all the latest DSS ACCEPTED property listings. In Dss accepted We guarantee property hand back in a similar condition subject to fair wear and tear and if you want to sell it, we will sell it for free with our partner agency. We can offer fully managed solutions or a custom solution whatever you want. This should be your one stop property investment shop. We can help with finding legal aid solicitors and fight rogue landlord. We will do all the serving of notices, court paperwork and instruct baliffs for free (courts and baliff costs separate). As long as you sign us up as a long term tenant on vacant possession. We will even pursue your old tenant for monies owing for free! Also we offer No Deposit, Flexible terms, No Agency fees, no renewal fees, no checking in/out fees,100% rent covered, Help with forms and tenancy, No Gaurentees, No References.
Ways To Keep Good Records Managing Your Rental Property
When it comes to real estate property you must know how to keep good records and managing your rental property at all times. If you purchase one property, you might be able to get by with stuffing receipts and cancelled checks, but if you own multiple properties, you’ll need a better way to organize your finances or you will lost a lot of accounting.
No matter how little money you earn through rental income, you need to keep track of it for tax purposes. If you have only a handful of rental properties, you could probably track your rental income using a computer program.
If you have dozens of properties, you’ll probably be better off hiring an accountant. An accountant can not only free your time but also advise you on the best way to save on taxes and keep track of rental expenses.
Create a rent roll, listing the name of each tenant, the amount of rent paid , and the date when it was received. A rent roll enables you to track your monthly rental income.
Set up a folder for each rental apartment or house you own. In this folder, put leases, correspondence with your tenants, and a maintenance log that shows when repairs were made, how much they cost, and when they were completed.
By keeping such a setup, you can quickly track down documents as evidence in case you need to settle a dispute in court between you and a tenant.
Set up a separate checking account strictly related to your rental properties. When you receive your rental checks, deposit them in this checking account. When you pay the repair or maintenance bills related to the rental property, write a check from your rental checking account.
Now when you pay yourself, write a check to yourself from this checking account. By using a separate checking account, you can easily track the cash coming in and expenses coming out. Then you can see how much money you’re making from your rental property. A separate checking account tracks your income and expenses for tax purposes.
A Borrower Whose Property Is Mortgaged With The Bank Usually
A BORROWER WHOSE PROPERTY IS MORTGAGED WITH THE BANK
Usually, redevelopment is a common occurrence among old properties. But in cities such as Mumbai or Delhi, its common for a home buyer to buy used flats from the third or fourth sale if they are vying a particular suburb at a discounted price. But what happens to the loan as the property would be demolished by the developer? In such cases, there are two options. Either the developer pays the outstanding from the compensation he owes to the resident. Or, if the new project is financed by another bank, it may buy out the loan from the new bank. Under the first option, the builder can take up the mortgage as he would be demolishing the house to build a new construction. Till the new construction is in place for the owner to reoccupy, the liability would be on the developer as far as the lien is concerned. Once the borrower has occupied his new house, the lien would be reverted to the actual owner, says Gulam Zia, national director, research & advisory services at Knight Frank India. There is no written rule in this regard as the concept of redevelopment is at a nascent stage and is evolving with time. Hence, every resident should clarify his own doubts with the developer and ensure the agreement clearly spells out these facts.
Courtesy By: The Economic Times Dtd: July 6, 2010
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Farm Property, Trusts & Llc Preserving Ohio Family Farms For Future Generations
Placing farm property in a trust-owned limited liability company (LLC) is often a key component of protecting a family farm against estate tax laws, creditors, law suits, nursing homes and other risks so it can continue to be enjoyed by future generations. Specifically, the LLC holding your farm property must be owned by an irrevocable trust.
If youre a farmer in Ohio, undoubtedly youve worked hard for the success of that farm and you want that hard work to benefit your family for many generations to come. Unfortunately, state and federal estate tax laws, debt obligations, nursing homes and other factors can put your farm at risk upon your death if proper succession planning is not in place.
While proper succession planning consists of many parts, an important part is often to create an irrevocable trust to own the LLC holding your Ohio or Dayton real estate. A lawyer can help you with this by drawing up the necessary legal documents that form the irrevocable trust, designate the beneficiaries, and describe what is to happen to the property and LLC upon your death.
Property in a Trust-Owned Limited Liability Company is Protected Against Most Debts and Lawsuits; Estate Taxes can be Minimized
By placing your farm property in a trust-owned LLC, the property becomes owned by the LLC, which is a legal entity just like a corporation, rather than being owned by you. Since you dont own it any more, the property is protected from many forms of debt and lawsuits. The irrevocable trust that owns the LLC adds another layer of protection and ensures that the LLC and property it holds is passed on to your chosen beneficiaries.
To more fully protect your Ohio or Dayton real estate, a lawyer with expertise in estate planning and business law can draft legal documents to create limited liability corporations, insurance trusts and other entities that work together to protect your farming business and personal assets for inheritance by your family.
Farm property in a trust-owned LLC can also avoid estate taxes. Estate tax law usually takes effect when property transfers to the beneficiaries. However, the legal documents for your irrevocable trust can specify that your beneficiaries can make use of the property while ownership is retained by the irrevocable trust and the LLC. Since the property is never transferred to the beneficiaries, estate tax laws never come into play.
Placing property in a trust-owned limited liability company is just one tool used to minimize estate taxes and other risks to your Ohio or Dayton real estate. A lawyer knowledgeable in succession planning and estate planning can show you additional ways to help you prepare a complete succession plan for your farm.
The Verve Intellectual Property Case A Bittersweet Example
Intellectual property’s tentacles are long and strong. Maybe the largest battlefield in IP is the music industry. Composer, producers, interpreters and license owners might get unexpectedly involved in legal battles regarding the misuse or abuse of a song of their property. Sometimes it is just something as little as a sample of the song but are legal frictions can deal with millions and millions of dollars.
Time is not an issue to underestimate when dealing with Intellectual Property. If by any chance, you use a song that was written forty years ago, and one of its owners is still alive, he/she can claim unfair use and suddenly, legal lawsuits can flood your desk. When working with someone else’s work, you should be extremely careful, no matter if you already got permission to use it.
In 1997, the British band The Verve sampled an orchestration in one of their songs, “Bittersweet Symphony”, from the Rolling Stones’ “The Last Time”. Prior the release of the album, the group did the proper negotiations concerning the license agreement with the Rolling Stones to utilize the sample. When the album came out, the song was a complete hit and reached number 23 on the Billboard Charts. After the sudden success of the song, the Rolling Stones argued that The Verve violated their license agreement because they use too much of the sample in their song. The Rolling Stones ended up collecting 100% of the loyalties of the song. Members of The Verve argued that the Stones got greedy when they noticed the sudden success of “Bittersweet Symphony”.
As a result, the Rolling Stones sold the rights over the “Bittersweet Symphony” and it became part of many commercials and publicities. Allen Klein, Rolling Stones’ manager licensed the song to Nike and to Vauxhall automobiles. Both brands utilize the melody for multi-million dollar television campaigns. Even worse, when the song was nominated for a Grammy, The Verve was not named as a nominee, but Mick Jagger and Keith Richards were. This is just a little example of moral rights dealing with intellectual property. The song hit top of the charts and not one members of The Verve enjoyed a cent of its success.
If these types of situations happen with amazing groups, who supposedly are not interested in more money, anything can happen to regular people who may get exposed to these inconveniences. Get acquainted with the respective regulations and laws so that no economical issues may come up in case you are planning to use someone else’s inspiration!