Debt collection is something that nobody enjoys but that is nevertheless an important fact of business. If you are owed money that that will mean that you invested in an individual or a business in the hope that you would be able to make more back. Just like them you are a business trying to make ends meet and it is important that you get the profits you deserve from your various investments and expenditures in order to ensure that you can continue to do business.
Thus if you are not getting your repayments then this undermines your original purpose for lending the money and it means that they are trying to protect their affairs at the expense of your own. This of course means that you are within your rights to try and collect that money using debt collection letters and other methods if necessary. Here we will look at how to go about writing debt collection letters and what some of the best tips are for making sure that they are fair and effective.
Firstly you need to make sure that you remain professional and business-like at all times. This is a professional letter of course and that means that you should act in a professional capacity. Try to maintain standardized formatting and be at all times courteous and polite. You should always keep a copy of any communications between you and the party that owes you money as you will be able to use this subsequently as evidence that you wrote your letters when you claim to have and that you gave the correct warning and instruction.
There are many reasons that it is important to be fair and polite in your debt collection letters. The first reason is that you will otherwise damage the credibility of your own stance. Currently you have the law on your side and there are many facilities in place to help ensure that you get the money you are owed. However if you resort to unpleasantness then this will no longer be the case and you will struggle to get support in your plight. At the same time if you come across as heavy handed then you will provoke an unhelpful reaction in the recipient - your aim to to try and get them to cooperate and that means that you should at all times come across as sympathetic and professional. Finally there are rules and regulations that forbid debt collectors from using aggressive or threatening means to collect money, and doing so could put you at odds with the law.
There are other laws regarding debt collection. For instance it is not permitted for collectors to try and get money from other parties - they may only get into contact with other parties as a means to locate and contact the debtor. Likewise they are required to send written letters informing the debtor of their situation, and they are not to use abusive or impolite language nor to misrepresent the debtor or publicize the debt.
Coming across as professional and legally legitimate will help you to create debt collection letters that get noticed and that achieve the desired ends. There are many templates online which can help you to begin your letter but remember to alter this to suit your specific situation.
I found a free debt collection letter that I have used a few times to scare people into action. It is offered by this debt collection Melbourne based business.
Thursday, July 7, 2011
New York City Rent Stabilization Laws
" Being both a real estate attorney and a real estate broker in New York City I have had the privilege of working in a vibrant field in one of the best real estate market in the world. Having been born and raised in New York I sometimes forget just how confusing New York City's rental rules and regulations can be to an outsider, and even to those New Yorkers renting for the first time.
New York, and specifically Manhattan, is and will always be a renter's city. Because of Manhattan's geography and population it is extremely expensive to buy and own property, which has given rise to a rental market and vocal rental advocacy groups. Renters in New York can expect politicians and community organizations to speak on their behalf. Not to be outdone, Landlords in the City have also banded together and have formed powerful lobbying groups. Every year these groups meet to debate and decide annual rental increases for apartments and thus help decide the financial fate of millions.
The current New York system of rent control came about in 1943 under the watch of the federal government and switched over to state control in 1950. There are different types of rent control classifications, with each investing certain rights to the tenant.
The term Rent Control specifically refers to the situation where a tenant has lived in the same apartment since July 1, 1971. Typically this only applies to building built before the mid 1940's and it is not uncommon to find tenants who have lived in the same apartment for decades. When an apartment is rent controlled, the landlord is extremely limited in not only what they can charge for rent but also in how much they can increase the rent. It is not uncommon to find rent control tenants paying hundreds of dollars for an apartment that, in an open market, could be worth thousands.
Another common type of rental situation is Rent Stabilization, which occurs when the legal rent of an apartment is below $2,000.00 per month. Once the legal rent of an apartment rises above $2,000.00, and is vacated, the apartment is considered decontrolled. The NYC Rent Guidelines Board meets every year to set the legal annual rent increase for rent stabilized apartments.
Though Landlords decry the government oversight, Tenants, who number, and vote, in the millions, continue to hold sway with New York City and state politicians. There is currently an attempt by the pro-tenant lobby to return thousands of decontrolled apartments back to rent stabilized status and to limit the rate of rent increases. Obviously Landlords disagree and have their own resources to combat such a move. One thing is certain, Rent Control and Rent Stabilization will be a part of New York City real estate for the foreseeable future.
Morales S is a managing partner at Morales Soukeras PLLC. Morales Soukeras PLLCis a New York-based law firm whose primary areas of practice are real estate transactions, landlord tenant law, business law, general litigation, entertainment law, and immigration law. Our attorneys are licensed to practice in New York. Our goal is to provide our clients with knowledgeable and comprehensive representation in a professional, courteous and caring manner.
New York, and specifically Manhattan, is and will always be a renter's city. Because of Manhattan's geography and population it is extremely expensive to buy and own property, which has given rise to a rental market and vocal rental advocacy groups. Renters in New York can expect politicians and community organizations to speak on their behalf. Not to be outdone, Landlords in the City have also banded together and have formed powerful lobbying groups. Every year these groups meet to debate and decide annual rental increases for apartments and thus help decide the financial fate of millions.
The current New York system of rent control came about in 1943 under the watch of the federal government and switched over to state control in 1950. There are different types of rent control classifications, with each investing certain rights to the tenant.
The term Rent Control specifically refers to the situation where a tenant has lived in the same apartment since July 1, 1971. Typically this only applies to building built before the mid 1940's and it is not uncommon to find tenants who have lived in the same apartment for decades. When an apartment is rent controlled, the landlord is extremely limited in not only what they can charge for rent but also in how much they can increase the rent. It is not uncommon to find rent control tenants paying hundreds of dollars for an apartment that, in an open market, could be worth thousands.
Another common type of rental situation is Rent Stabilization, which occurs when the legal rent of an apartment is below $2,000.00 per month. Once the legal rent of an apartment rises above $2,000.00, and is vacated, the apartment is considered decontrolled. The NYC Rent Guidelines Board meets every year to set the legal annual rent increase for rent stabilized apartments.
Though Landlords decry the government oversight, Tenants, who number, and vote, in the millions, continue to hold sway with New York City and state politicians. There is currently an attempt by the pro-tenant lobby to return thousands of decontrolled apartments back to rent stabilized status and to limit the rate of rent increases. Obviously Landlords disagree and have their own resources to combat such a move. One thing is certain, Rent Control and Rent Stabilization will be a part of New York City real estate for the foreseeable future.
Morales S is a managing partner at Morales Soukeras PLLC. Morales Soukeras PLLCis a New York-based law firm whose primary areas of practice are real estate transactions, landlord tenant law, business law, general litigation, entertainment law, and immigration law. Our attorneys are licensed to practice in New York. Our goal is to provide our clients with knowledgeable and comprehensive representation in a professional, courteous and caring manner.
Subscribe to:
Posts (Atom)