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When is a gift not a gift? Ensure you put it in writing!

when is a gift not a gift

Ordinarily gifts are handed over, thanks are expressed, and the parties move on with no further thought to any legal implications. But what if that ‘present’ is a large cheque or valuable item? Is it a gift or a loan? It depends on the circumstances and the relationship between the donor and donee. A recent

Tenancy Agreements – Putting a guarantor agreement in place

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More and more landlords are now requiring tenants to provide guarantors, in addition to carrying out the usual referencing checks; this gives a landlord some added protection against the risk of the tenant failing to pay rent under the tenancy agreement. However, it is important that landlords ensure that the guarantor signs an express agreement,

How do I buy a home in Scotland – 6 initial steps

For first-time buyers or those who have been out of the property market for a while, the steps involved in purchasing a property can be daunting. Each transaction will differ depending on the circumstances, but the initial steps are:- Set your budget – before looking at properties, you should visit a mortgage adviser to work

Do I Need a Written Tenancy Agreement in Scotland?

Written Tenancy Agreement Scotland

Our residential lettings service LetLaw took an enquiry recently from a landlord who asked whether it was necessary for him to have a written agreement with his tenant. The short answer is yes; Section 38 of the Housing (Scotland) Act 1988 makes it a legal requirement for a private landlord to provide a tenant with

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