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.
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.
Buying a house is exciting and stressful, both at the same time. There are so many properties to see, but finding the perfect one amongst them all is the reason for stress.
If you think that all the house sale deals go through, then you are wrong. Yes, you may come into a common understanding with a potential home buyer, but until that contract is closed, it is not a complete deal.
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 all have heard of disputes that arise in the course, or even years after purchasing a home, or other real estate assets. As a home buyer, you may tend to be conversant with all the requirements that you should meet to buy a particular house. However, just like anybody else, you are subject to overlook on certain little details, which might eventually cost you greatly. This calls in for a real estate solicitor, who will help you navigate through every step. This might cost you additional pounds from your wallet, but it might help you greatly, eliminating any risk that would cost you a lot of money, or even total loss of your property. Let us look at some tips of how hiring a great solicitor could help you in buying a home;
We’ve often heard about tales of tenants and the pertinent issues with landlords. Even if it doesn’t sound pleasant, the reality is true in most cases. However, there are exceptions no doubt and these often occur when the understanding and rapport between tenants and landlords works great; both perform their respective tasks, act in a timely manner and are rather open about what they actually seek from the other. A number of surveys were conducted at several places by researchers about the need fulfillment of landlords or, in other words, what they really seek from the tenancies. This largely differed in terms of the age groups who are given the rental flats or apartments; and hence the categories went something like - professional workers, young independents, small or large families on a tight budget or the elderly couples looking for spaces at their old age.
Find out if the reason your home isn’t selling is down to your pets, and prepare yourself to stop this issue before it wastes too much time.
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.
Whether you are a first time homebuyer or someone who has purchased in the past, buying a home is one of the largest purchases that you’ll make in your life which can seem very exciting yet daunting at the same time. There are various things to look at, but the most important is the home survey.
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.