By Moira Stewart
Making an investment in estate is still one of many most secure and such a lot ecocnomic monetary judgements you can also make. The apartment industry is sturdy and insist for apartment homes maintains to develop. while you're having a look both to extend your temporary source of revenue or to enhance a long term funding plan, then letting estate can be a clever alternative. yet being an unprepared landlord isn't a good idea. this easy consultant can assist you to get to grips with the valuables letting method and to be a winning landlord.
Read Online or Download New Landlord's Guide to Letting: How to buy and let residential property for profit PDF
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Additional resources for New Landlord's Guide to Letting: How to buy and let residential property for profit
Sample text
You should also allow a sum for conveyancing fees. Having never used a building firm before, how can I avoid employing 'cowboys'? ' A further safeguard is to ensure the builder you choose is a member of a recognised professional body, like the Federation of Master Builders. I am looking to buy a semi-detached house to let in an area which is mostly owner-occupied. How can I deal with any hostile reaction to my plans from the new neighbours? There are actions you can take to avoid possible misunderstandings.
Choosing a pets policy Your policy on whether to allow pets in your property should be well thought out and included as a statement in the lease. Allocating responsibility A lease will include a clear indication of the split of responsibilities. Areas covered are likely to include: council tax water charges gas charges electricity charges telephone charges television licence insurance cover general upkeep, maintenance and repairs. 46 THE NEW L A N D L O R D ' S GUIDE TO LETTING When the property is self-contained, liability for council tax and utility service bills nearly always falls on the tenant.
40 THE NEW L A N D L O R D ' S GUIDE TO LETTING CASE STUDIES Mike and Ailsa notify their agent of an important issue Mike and Ailsa hope one day to move back to their home when Mike's job allows. When they meet with their letting agent they make sure that the agent understands that it may be important at a future date to be able to regain possession of their house and they discuss realistic timescales when this may happen. In full possession of Mike and Ailsa's expectations, the letting agent is better able to recommend an appropriate type of lease and include the correct detail.