Just because you won’t be living in the property yourself, it’s no excuse to cut corners when it comes to furnishing it. The thing is it’s so easy to start heading down that route. Good quality furniture is expensive and an all out purchase is going to hit your wallet hard, and if you’re going [...]
1) Use a written Tenancy Agreement Contract Tenancy Agreements don’t actually have to be in a written contract, they can be formed under a verbal agreement. However, it’s strongly advised never to opt for the latter option because it’s quite common for people to genuinely have different recollections about matters discussed and agreed. However, if [...]
If you’re looking to take advantage of the booming rental market at the moment and become a first time Landlord you might be a bit apprehensive about having the right things covered in order to be able to rent your property to a tenant. Here’s a quick guide to help you get up to speed. [...]
You have just met your prospective new tenants for the first time. The viewing went well, the family of four are happy to pay the deposit and rent amounts and are ready to move in within the next two weeks. As you sit and admire your new investment, haven’t you forgotten one thing? Landlord Insurance [...]
Deposit protection legislation was introduced to prevent unscrupulous landlords from improperly retaining the tenant’s security deposit. Since September 2007 landlords of assured shorthold tenancies in England and Wales, which includes almost all residential tenancies with a rental yield of up to £25,000 per year, have been required by law to protect the tenant’s security deposit. [...]
Do you want acquire a buy-to-let property? Know the basics in buy-to-let mortgages before your start, especially in these uncertain property market conditions. Deposits Mortgage lenders require second home buyers to provide larger deposits for a buy-to-let investment than on a standard home loan deal, typically around 20-30 per cent. If the specific intent is [...]
Having the right tenants in your property makes a massive difference. Bad tenants can cause countless problems and hassle, from unpaid rent to anti-social behaviour and property damage. To give yourself the best chance of hiring good tenants follow our 8 tips below: 1] Rental Applications It’s essential to make the potential tenant complete a [...]
Before running away with myself and spurting off about why high street letting agents are better than online portals, I think it’s best to have a look at a number of perceptions of agents to try to establish why some landlords loathe to use them. As the new kids on the block we did a [...]
When landlords make the step over to development quite often they are stepping into a territory that is a far cry from the relatively safe property circuit they belong to. Recently during a conversation with a landlord (who also happens to be a close friend), I discovered he was now looking for something bigger to [...]
1. Treat your tenants like paying customers So many landlords take it for granted that when they have a property to let that tenants will just come running. Wrong. Tenants are paying customers and right now there is a lot of choice for them on the property market. It is important that you understand that [...]
