Monthly Archives: November 2022

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As a landlord, there may come a time when you need to terminate a tenancy agreement with one of your tenants. This can be a difficult situation, but it is important to handle it professionally and legally. One of the first steps in this process is writing a letter of termination to the tenant.

Here is a sample letter of termination of tenancy agreement by a landlord:

Dear ,

I am writing to inform you that, as your landlord, I have decided to terminate our tenancy agreement .

As per the terms of our agreement, I am providing you with .

Please note that you are responsible for fulfilling all of the terms of the agreement until that date, including paying rent and maintaining the condition of the property. Upon the expiration of your tenancy agreement, you must vacate the property and return all keys to me.

If you have any questions or concerns about this process, please do not hesitate to reach out to me. I will be happy to discuss this matter with you further and provide any necessary information.

Thank you for your understanding and cooperation in this matter.

Sincerely,

When writing a letter of termination […]

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Debt Collection Agency Contractors: What You Need to Know

If you’re a business owner who’s extended credit to customers, chances are you’ve encountered the unpleasant task of collecting on delinquent accounts. Unfortunately, if your efforts to recover the debt have been unsuccessful, it may be time to call in the professionals: debt collection agency contractors.

Debt collection agencies are third-party businesses that specialize in collecting debts on behalf of other companies. These agencies operate on a contingency basis, meaning they only get paid if they’re successful in recovering the debt. They typically charge a percentage of the amount collected or a flat rate per account.

But what exactly do debt collection agency contractors do, and how can you ensure that you’re partnering with a reputable agency?

First and foremost, debt collection agencies are experts in the art of negotiation. They use a combination of tactics, such as phone calls, letters, and legal action, to persuade debtors to pay their outstanding debts. This can include negotiating payment plans, offering settlements, or taking legal action to garnish wages or seize assets.

Debt collection agencies also have access to specialized technology and databases that allow them to track down debtors who may have changed their contact information or moved to a new location. This can be particularly advantageous for businesses that are dealing with a large number of delinquent accounts or have exhausted their own internal collection efforts.

When partnering with a debt collection agency, it’s important to do your due diligence. Look for an agency that is licensed and bonded in your state, as well as a member of professional organizations such as the Association of Credit and Collection Professionals. You’ll want to verify the agency’s reputation by checking online reviews […]

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The UK-EU FTA Agreement: What You Need to Know

After months of negotiations and intense discussions, the United Kingdom (UK) and the European Union (EU) finally signed a Free Trade Agreement (FTA) on December 24, 2020. This landmark agreement came just days before the UK`s exit from the EU`s single market and customs union on January 1, 2021. The FTA aims to govern the UK-EU trade relationship and ensure trade continuity by avoiding tariffs and quotas.

So, what does this agreement mean for businesses and consumers in the UK? Here`s a breakdown:

What`s included in the UK-EU FTA?

The FTA covers several key areas, including trade in goods and services, investment, transport, energy, fisheries, and data protection. It also includes provisions on governance, dispute settlement, and the UK`s participation in EU programs and agencies.

One of the main advantages of the FTA is that it allows for tariff-free and quota-free trade between the UK and the EU. This means that goods can be traded between the two parties without additional taxes or restrictions. However, some products, such as agricultural goods, will still be subject to checks and regulatory requirements.

The FTA also includes provisions on services, such as financial services, telecommunications, and transport. It aims to ensure that UK businesses can continue to sell their services in the EU market and vice versa. Additionally, the agreement includes measures to support investment and protect intellectual property rights.

What are the benefits of the UK-EU FTA?

The FTA provides several benefits for businesses and consumers in the UK and the EU. Here are some of the key advantages:

1. Tariff-free and quota-free trade: The FTA ensures that goods can be traded between the UK and the EU without additional taxes or restrictions.

2. Reduced costs: By […]

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When it comes to buying or selling land in Kenya, having a proper sale agreement is crucial. Not only does it provide legal protection for both the buyer and the seller, but it also helps avoid any future disputes or misunderstandings. In this article, we’ll take a closer look at the sale agreement for land in Kenya, what it should contain, and why it’s important.

What is a Sale Agreement?

A sale agreement is a legally binding document that outlines the terms and conditions of a land transaction between the buyer and the seller. It’s essentially a contract that establishes the price, payment terms, and other conditions that both parties must comply with for the sale to be finalized. It’s important to note that a sale agreement is different from a title deed, which is a legal document that proves ownership of the land.

What Should a Sale Agreement Contain?

A sale agreement for land in Kenya should include the following information:

1. Identification of the Parties: The sale agreement must identify the buyer and the seller, including their full names, addresses, and identification documents.

2. Description of the Land: The agreement should have a detailed description of the land being sold, including its location, size, boundaries, and any other relevant details.

3. Purchase Price and Payment: The agreement must state the purchase price of the land and how it will be paid, whether in full or in installments.

4. Transfer of Title: The agreement should specify the process for transferring the title from the seller to the buyer, including any conditions or requirements.

5. Conditions of Sale: Any additional conditions that both parties have agreed upon should be included in the agreement, such as a timeline for completion of the transaction or […]