Passive Income

Income received on a regular basis with little effort required to maintain it. Some examples are income generated from: – rent from property – royalties from publishing intellectual property – dividends and interest income and gains from sales of...

Periodic Tenancy

A periodic tenancy comes into being when a landlord does nothing to reclaim possession at the end of an original assured shorthold tenancy and allows the tenants to remain without issuing a new tenancy agreement. The terms and conditions of the original assured...

Planning Permission

Permission from the planning department of a local authority to carry out approved works on a property. Includes: extending a property dividing off part of a property for business or commercial use or for a separate dwelling using a building or caravan in a garden as...