renting | Common News Update

Jul122019 by adminNo Comments

Renting: How landlords can refuse to let to tenants with children

Business

Landlords can refuse potential tenants with children when letting out a UK property, which has prompted complaints from some of those turned down.Some families searching for a home to rent say it is unfair and discriminatory to rule out tenants with children.But landlords point out that not all properties are suitable for youngsters, and that they are within their rights to refuse.The debate has been played out on the BBC News Affordable Living Facebook page.Tenant: 'It felt a bit harsh - it was an ideal small family home'Tom Dedynski has two children, aged nine and five, but has separated from his wife. He was looking for a two-bedroom home to rent in Peterborough so he had enough room for his children to come to live with him during various weekends and at other times. He thought he had ...

A big tax break could be yours, just by renting out a room in your house or apartment

Finance

If you've been following tax news at all, you've probably heard about the new 20 percent break for "pass-through" businesses. Perhaps you've wondered: How can I get in?Starting a business, however — yes, even if it's just a "side hustle" — can seem like a time-consuming and complicated endeavor. But there's a relatively painless way: Rent out a spare room of your house or apartment. Landlords of all stripes could be eligible for this deduction. "If you have the housing, you're taking advantage of assets you already have to get into a business," said Mark Luscombe, principal federal tax analyst at Wolters Kluwer Tax & Accounting.Pass-through entities are businesses that don't pay the corporate income tax. Instead, the profits are passed through to the business owner, who reports that in...

Buying and renting: Your biggest financial decision – in 10 charts

Business

Buying a home is the most significant financial decision in most people's lives. For tenants, paying the rent is the biggest monthly outgoing.So it is little wonder that house prices are an obsession for some, and a source of frustration for others.The financial crisis had huge implications for those wanting to buy or sell property.Here is the story of what has happened to the UK housing market in the past 10 years. 1. House prices are rising... or are they?The price of the average UK home has risen in the past 10 years, as you would expect. Prices of goods and services in general, as measured by the Consumer Prices Index measure of inflation, have increased faster.So, in real terms, the average UK house price has fallen compared with a decade ago.2. Price rises or falls depend on where yo...