Where to start - finance contract roles

[GillsMan]

The majority of those clauses in rental contracts are because the landlord's (LL) insurance won't pay out if you are operating a business which involves storing goods and/or visits from members of the public. When MyCo Ltd used to be registered at my rental address, I'd speak to the LL before moving in and advise that my business would need to be registered there. I also confirmed that the only duties that would be performed were light admin duties. In every case, the LL confirmed that this was acceptable with his/her insurance company and then gave me the green light.

It's important to be up front and honest with your LL so that they can square this with their insurance company. But it should rarely pose an issue.

[Old Greg]

Possibly but it won't happen in any of my properties. You are in breach so giving me the option to turf them out whenever I feel like it. Not a position you really want to be in when it can easily be avoided. Seems a silly risk to me.

Why do you think a breach of contract gives you the option to turf tenants out? Surely it just allows you to seek damages?

[northernladuk]

Why do you think a breach of contract gives you the option to turf tenants out? Surely it just allows you to seek damages?

It doesn't really and I don't know because it's not somewhere I wanted to be. Not sure how it affects my insurance either so make sure it's very clear when getting new tenants.

The point was in response to PerfectStorm saying they've done it. PS might think 'what's the problem' but a landlord isn't going to be quite so happy with it.

[SueEllen]

It doesn't really and I don't know because it's not somewhere I wanted to be. Not sure how it affects my insurance either so make sure it's very clear when getting new tenants.

The point was in response to PerfectStorm saying they've done it. PS might think 'what's the problem' but a landlord isn't going to be quite so happy with it.

You can't just turf them out.

You have to wait until either the contract has ended or you reach a break clause.

Unfortunately having lived near problem private renters it's impossible to get them out until this point. You then may find yourself paying large court and bailiff fees especially if they are vulnerable and entitled to social housing as they can't just up and leave.

[benwp]

Thanks for the heads up on jobserve and gaapweb.

In relation to setting up a company, would I need to do that if I already have a company set up in Australia? I also heard that not all roles require you to have a company set up.

The security checking sounds stringent and I would rather not wait more than 2 weeks for this. If that's the case, would you suggest I only target non financial services roles?

It was mentioned that I need to have a very good idea about what I would be doing. My CV is pretty generic at present and not specialised in one particular area. Would it be better to just focus on one or two areas that I am more suited to as opposed to having a CV that makes me seem like a jack of all trades?

[ShandyDrinker]

It was mentioned that I need to have a very good idea about what I would be doing. My CV is pretty generic at present and not specialised in one particular area. Would it be better to just focus on one or two areas that I am more suited to as opposed to having a CV that makes me seem like a jack of all trades?

The usual advice would be to tailor your CV for each role you apply for.

[uk contractor]

The security checking sounds stringent and I would rather not wait more than 2 weeks for this. If that's the case, would you suggest I only target non financial services roles?

Yep non financial services do not always have the same vetting requirements. You do realise London is probably by far the most competitive place in the world right now for jobs so unless your a rocket scientist level guru its probably not going to be as easy as you think to beat local candidates with checkable work histories! If you think you can just turn up then find something fast your probably going to be in for a shock there are so many well qualified people sitting on the bench ready & able to work. Maybe 10-15 years ago you could find work fast now its way different due to intense cost cutting, outsourcing & EU import workers.

So again unless your a rocket scientist guru level talent your not going to be head of the queue with most agencies when they short list for interviews. That's just the harsh reality right now.

[Old Greg]

Thanks for the heads up on jobserve and gaapweb.

In relation to setting up a company, would I need to do that if I already have a company set up in Australia? I also heard that not all roles require you to have a company set up.

The security checking sounds stringent and I would rather not wait more than 2 weeks for this. If that's the case, would you suggest I only target non financial services roles?

It was mentioned that I need to have a very good idea about what I would be doing. My CV is pretty generic at present and not specialised in one particular area. Would it be better to just focus on one or two areas that I am more suited to as opposed to having a CV that makes me seem like a jack of all trades?

You won't be able to use an Ozzie company - client / agencies won't do business. Don't set up a company in advance. It can be done the same day. Also, if you're here short-term you may be better with a brolly anyway. Someone else may be able to advise whether you'll have difficulties with a business bank account as a new arrival, if you do prefer the Ltd route - I'm not sure on that one.

[ShandyDrinker]

Yep non financial services do not always have the same vetting requirements. You do realise London is probably by far the most competitive place in the world right now for jobs so unless your a rocket scientist level guru its probably not going to be as easy as you think to beat local candidates with checkable work histories! If you think you can just turn up then find something fast your probably going to be in for a shock there are so many well qualified people sitting on the bench ready & able to work. Maybe 10-15 years ago you could find work fast now its way different due to intense cost cutting, outsourcing & EU import workers.

So again unless your a rocket scientist guru level talent your not going to be head of the queue with most agencies when they short list for interviews. That's just the harsh reality right now.

According to a few agencies I've spoken to recently there are currently hiring freezes on at a number of investment banks.

It won't be an easy market to break into so good luck.

[meridian]

Possibly but it won't happen in any of my properties. You are in breach so giving me the option to turf them out whenever I feel like it. Not a position you really want to be in when it can easily be avoided. Seems a silly risk to me.

Have you asked your accountant what they would recommend? Mine recommended that my company uses their address as the registered office.