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.
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.
A tenancy agreement can be described as the binding contract signed between you and your landlord. It clearly sets out all the legal terms and conditions in regards to your tenancy, and what type it is. For this reason, it might be fixed (spanning through a set period, for instance, six months) or periodic (runs through on weekly basis, or even every month).
When you are viewing a rental property with the mind set to move in, there are likely to be a thousand questions running through your head. However, with so much to think about, making sure that you ask the right question isn’t always easy. To help you make sure that you know all the key things for your prospective rental home, here are the top 5 questions that tenants should always ask during a viewing.
Before you sell your home it’s highly important to get an accurate valuation. Getting its true worth allows you to know the amount to expect from it and the asking price you need to come up with. An accurate valuation of your home before you sell has its benefits.
One of the reasons why people save money is to invest and probably ensure that their retirement is comfortably funded. In this case, finding the right channel for investment returns is vital to foster a fruitful savings strategy.
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!
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.
Renting a home might have always been seen as a lesser to buying one, but what you may not realise is that there are plenty of benefits to renting a home rather than owning one. One of the biggest benefits is that when things go wrong within the house, 9 times out of 10 it is not going to be something that you need to pay out (or organise) to be fixed. So, when is a maintenance repair job something to do with you and when do you need to leave it up to your landlord?
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.
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.
In all honesty, selling a home could in most cases prove to be a daunting task and people sometimes do not get it right at first, they try and then try again. At this stage, you start to prep your home for viewings, putting the work in to make it attractive while getting prepared for the paperwork that is sure to come.