Viewing a house or a flat is one of the most exciting – and important – aspects of moving home but how you approach the visit can differ, depending on whether you’re renting or buying. Unlike tenants, buyers will be responsible for every inch of the property, therefore any repairs will be their sole responsibility to fund and fix.
Setting the right asking price is absolutely crucial if you want your property to stand out and generate interest from prospective tenants. The wrong price (either too high or too low) will deter renters from making an enquiry.
Once you have accepted an offer from a tenant and the rental process is underway, they will need to pay a security deposit. The purpose of a deposit is for the tenant to demonstrate their commitment to renting the property, as well as providing you with additional protection.
The majority of tenants will pay their rent on time, however there is always a chance that some tenants could fall into arrears. If a tenant fails to pay their rent during the tenancy, there are a range of steps you can take to try and recoup the lost money and reduce the chances of the situation escalating…
Landlords, are you aware of the two main pieces of legislation that you need to comply with to remain safe and compliant?
To comply with The Smoke and Carbon Monoxide Alarm (England) Regulations 2015, private landlords in England must ensure that they are fulfilling their obligations regarding installing and testing smoke and carbon monoxide alarms in rental properties. Failure to meet their requirements can lead to a heavy penalty, including imprisonment in severe cases.
Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.
You may unsubscribe at any time. See our Privacy Policy.