No Rent Guarantee Clause?


Written on January 22, 2012 – 8:09 am | by admin

Dealing with your tenants, as a landlord, will generally be an effortless business and only a couple of times will you encounter any problems and this will usually deal with things like small repairs etc… however on some occasions you may find that getting the right money from people is a much harder task than it looks. This is why it is important to have a rent guarantee clause in your insurance policy and if your current package does not feature this as standard (many do) then it is certainly worth paying the extra premium to get it.

What is this clause and how can it help you? Well, what it does is cover you in the event that a tenant refuses to pay rent or rather, they refuse to pay rent over a period of time and they have vacated the property. This is almost a landlords worst nightmare as they stand to lose a substantial amount of money as a result and cannot legally rent the property itself back out until the previous contract is completely (and legally) terminated. So what do they do?

Well, if you have a look around places like Just Landlords then you can see how easy it is to get one of these clauses into your new insurance policy and also how well priced they are. With this clause it basically covers you for the period that the tenant did not pay their rent so you do not suffer any significant loss of earning and their initial security deposit should cover the first month that they did not pay. In some circumstances you can get money towards legal fee’s as well if you want to purse this route however, either way, you should not lose out with a strong and solid rent guarantee clause.

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Combining Electricity And Solar Power


Written on December 1, 2011 – 7:05 am | by admin

There are a great number of people who tend to scoff at the thought of predominately relying on solar power or, indeed, any alternative energy in order to power their home. For sure, we are still trying to find the best way in which to use these alternative energy’s and to discover the most efficient technology that means we can use these cleaner and more environmentally friendly fuels to their full advantage. However, just because we haven’t perfected it yet does not mean that it isn’t useful or ready to be utilized right now.

Putting aside the Vivint BBB for a second and instead concentrating on how solar power can be used most effectively in this day and age and we begin to see the ways in which it can seriously improve your home as well as lower your bills and reduce your reliance on fossil fuels. You do not need to completely convert to solar power as this, for many people, isn’t really an option given where they live and the climate that they find themselves in. However this doesn’t mean that you cannot feel some of the benefits of switching to an alternative energy source.

What many people are doing is partially converting to solar power. This means that they stay connected to the electrical grid so they always have an electrical source but use as much solar energy as possible. There is certainly no suggestion of a Vivint scam in the works and with the generous PPA scheme on offer you can already see the benefits of partially switching power sources. Under this agreement you basically get the design and installation of the panels for free while you only pay for the energy you use that is generated from the panels themselves; saving you money in both the short and long term.

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Understanding Bankruptcy


Written on November 27, 2011 – 7:34 am | by admin

The word bankruptcy comes from Latin roots. A bancus is a bench or a table in Latin, which refers to a bench that bankers of old would use to do their business on. Bankers in the earlier years of banking would use a bench upon which they would set up to do their banking in public places such as markets and fairs. So bancus has become the “bank” part of “bankruptcy.” Interestingly, the “-ruptcy” part of the word then comes from the word ruptus, which means broken in Latin (kind of like ruptured). If those old bankers from the early days failed at their banking business, they would take their bench or table (his bank) and break it, signifying that he was no longer able to do business.

For families whose businesses or financial dealings have failed, it probably is not inaccurate to say they would like to break a bench, table, or something else to ease the stress of it all. Getting deep into debt with seemingly no way to get back out of it can put huge strains on a person’s mental well being. Many times, people will dig in and fight til the bitter end to avoid going into bankruptcy but as the debt mounts and the payments can’t be met on time, that can become an impossibility for some people. Especially for those people who then suffer a badly timed lay off when the debt is getting insurmountable, filing bankruptcy is probably going to be the best answer, if not the only one.

At times like these, getting an Orlando bankruptcy lawyer will make the whole process go much more easily. A lawyer can interpret all the different laws and paperwork things for you. Maybe bankruptcy was a word you never wanted to know, but if it becomes a necessary part of your vocabulary, get some help to understand it all.

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The Importance Of Building Insurance


Written on November 10, 2011 – 2:15 pm | by admin

As the landlord of a building you are responsible for the upkeep of the property and ensuring that it stays in a habitable and livable condition. You always hear of horror stories that some tenants find when they first enter a rented building however simple maintenance can go a long way in avoiding being tainted with this brush. Having the correct building insurance as well can make sure that your property is kept in first class condition.

Students are usually the group of people who rent the most as they never usually stay in the one place for any length of time and do not want to enter into any long term housing agreement when their financial situation is often insecure. It is often well known that student flats can be the ones that have the most damage done to them and need the most repairs come the end of the agreement. If you have proper building insurance (and Just Landlords can provide this) then you won’t have anything to worry about when it comes to expenses. Their landlord insurance packages can offer up to £5000 for the price of white goods and the likes of carpets etc… as well as these are often the items that receive the most wear and tear.

Furthermore, it can also cover the theft of contents by your tenants. This sort of thing happens far more often than you would think and some people try and steal the furnishings in the flats or houses that have been provided on behalf of the landlords. If this does happen to you then with a proper amount of cover you can claim the value of the goods back with little or no expense to yourself. Building insurance and its importance cannot be overstated and it is imperative that you are covered against all eventualities.

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