York - 
21 July 2011
Commercial property
This checklist explains what a tenancy deposit scheme (TDS) is and what a landlord's obligations are under a TDS. What is a TDS? A landlord under an assured shorthold tenancy (AST) must protect a tenant's deposit by using an authorised tenancy deposit scheme (TDS) operated by an approved scheme administrator. A TDS has two main objectives: To ensure that, when a tenant pays a deposit, it will be protected and returned to the tenant at the end of the AST, except when the landlord has a legitimate claim on it. To resolve disputes between landlords and tenants using dispute resolution rather than via the courts. There are two types of TDS There are two types of TDS: A custodial TDS requires a landlord to pay its tenant's deposit to a scheme…
16 September 2009
Wills and estates
We are often asked about when it is necessary to apply for probate, particularly where the estate is small with assets of less than £20,000. If you are an executor, you will be responsible for collecting in all monies, paying any debts and distributing any legacies to family, friends or charities. Before you can do this, in most cases you would need to apply to the Probate Registry for a 'grant'. Evidence of the grant of probate may be required by some financial institutions before they will release any money, so you will need to check with each bank or building society about their policies for the relevant accounts. If the deceased person owned stocks or shares and has any insurance policies, then you will also need the grant in order to release these monies. For…
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