When you rent out a property, all responsibility related to care and maintenance of the property is not passed to the tenant. In short, you cannot simply forget about property maintenance after letting it out. Similarly, a tenant cannot ignore the maintenance issues of a home just because they do not own the property. It is their responsibility to keep the property clean and livable. There is often confusion over who needs to take ownership of repair and maintenance issues encountered on a property.
A home is probably the biggest asset a person can invest in.
Being a new landlord, you must be having a lot of questions on your mind. Don’t worry! It is obvious to have queries regarding your rights and responsibilities towards the property. Just because you have let out your property, it does not mean you do not have any right over it. Don’t fall for misconceptions or myths regarding the right of a landlord to access his property. There are rules that govern the same, and you need to know these regulations. Make sure you get your queries solved before signing the tenancy agreement as standard tenancy agreements state the conditions in which landlord can access the property.
A tenancy agreement can be described as the binding contract signed between you and your landlord. It clearly sets out all the legal terms and conditions in regards to your tenancy, and what type it is. For this reason, it might be fixed (spanning through a set period, for instance, six months) or periodic (runs through on weekly basis, or even every month).
Before you sell your home it’s highly important to get an accurate valuation. Getting its true worth allows you to know the amount to expect from it and the asking price you need to come up with. An accurate valuation of your home before you sell has its benefits.
Over the past years, cases of rogue landlords have crept their way in. This gives the letting industry a negative reputation. Although, you may find that from ten landlords, only a small number have unprofessional tendencies, masking the entire industry negatively. Having a peaceful and fruitful encounter with the landlord is every tenant's desire. To achieve this, we have outlined some of the issues you may consider avoiding to fulfill your desire. This applies whether you are looking for a house from the available online portals or the physical search. Read on!
Renting has definitely changed over the years. With more and more young people deciding to rent over buying a home, this means that it has definitely become more of a renters market than ever. In order to appeal to the best tenants and also to hold onto them, a landlord needs to do their best to ensure that their rental property is the best that it can be.
For landlords who are considering on how to market their rentals, they are often faced with two major questions, “Do I furnish it or not?” and “Can furnishing my properties increase my rental yields?”. Well, there are no simple answers to these questions, however, we have compiled some of the benefits accrue to you as a property owner, as well as some downsides of furnishing. Read on!
We know that the idea of house sharing isn’t for everyone; however, living with other people in a house can actually be a great idea for some. So, if you are considering house sharing as an option then here are some of the pros and cons to keep in mind.
A Landlord has several different responsibilities when it comes to their tenants. A number of these responsibilities are put on a formal basis thanks to an ever-changing raft of legislation. Not only do landlords need to be aware of the changes in the laws that govern their relationships with their tenants, but they also need to know of any significant cases that are taken to court as this may well change how they have to react to their tenants. Below, we have listed different ways that landlords can be in the loop about their legal responsibilities.
When it comes to letting out a property it isn’t always as straightforward as just collecting the rent each month. You will have a legal responsibility to your tenants and so you will need to make sure that you are doing the right thing and that you meet all the necessary rules and regulations. Our checklist here will help you get things covered.
Quite a good number of people believe that getting their tenancy deposit back is impossible, or have the mentality that their landlords will do or look for any possible reason to hold back their security deposits. However, we can confirm that there are landlords who can't wait to hand you over your security detail as per your agreements.