Asked Questions By Landlords?
Q. Letting your property
A. Renting your
property can be an excellent way to increase your income. Whether
you are renting a room or a whole property, make sure you research
your area, prices, and legal requirements. You need to decide
whether you want to rent on a short term or long term basis. Short
term incomes can be slightly higher, but need filling more often.
There will be the possibility that you may have some weeks when your
property is empty.
Long term lets
can be easier to manage, and useful if you are going away. Be
prepared to take on the maintenance for the property
Q. How much is your property
A. List the best
points about your property and consider what a prospective tenants
priorities might be.
Find out how
much your property is worth, either research yourself, or contact a
local estate agent and have your property valued. The rental prices
for property in London in London varies, depending on many factors,
from distance to transport to style of property.
renting out your property, make sure that you are aware of the rules
and regulations that landlords are required to follow. It may be
advisable to get a complete structural inspection, before you have
your first tenant. It is the usually the landlord's obligation to
maintain the property throughout the tenancy, subject to any terms
and conditions in your tenancy agreement, agreed by both
A. Make sure
that your contract is specific to you and your property. This will
prevent any misunderstanding or confusion. e. g. how many people are
allowed to live in the property, do you expect them to maintain the
garden, can they keep pets, etc.
Always contact a
solicitor for any further advice.
It possible for
landlords to offer tenants a 6 month contract , and is advisable to
start with a short term contract. This way if you are happy with the
tenant then you can extend the agreement.
A. As a landlord
you are required to cover the safety of gas appliances,
the electrical installation and any furnishings supplied for the
tenancy. (Annual gas checks by corgi registered inspectors are
required by law.)