Type ‘tenancy agreement’ into Google and you’ll get thousands of results offering free online templates and guides to writing your own rental contract. So why bother using a letting agent to sort out the tenancy agreement if you can do it yourself? What could possibly go wrong? Well, quite a lot. Hastily downloading a template from the internet and high-fiving yourself for a job well done...
In this week’s lettings article, we look at ways tenants can have a happy house share by sticking to some basic rules. Top Rules for a Happy House Share Renting a property with a friend or acquaintance? Never lived with anyone before? We’ve got you covered with some top tips to help manage your new living situation. These days, renting isn’t cheap and whether you’re a student or...
As a landlord, one of your main goals is to make sure your property is tenanted. As soon as the old tenants decide they’re moving on, it’s time to find new renters to move in. But while you’ll be keen for a quick turnaround, it’s also important that things are done properly (cutting corners will cause you problems in the long run). Not only will you want to end the initial tenancy correctly,...
As a landlord, you’ve probably experienced that feeling of dread when your tenant’s name flashes up on your phone, reporting a problem. Or how about the horror of receiving the news that you’re going to have to pay for urgent (and expensive) repairs? If either of these situations sound familiar, it could mean you’re not inspecting your rentals enough. Being a landlord isn’t just about...
Whether you’re an established landlord or a first-time investor, you’ll probably be thinking about what to buy: a ready-to-go rental or a doer-upper. Which one should you pick? Currently, lots of changes are being made around rental rules, and reports claim that many landlords are selling up. However, there are still plenty of investors making their move into the rental space. And with the UK...
If you’re a first-time landlord about to rent out a property, or an established landlord looking to purchase a new investment, one of the main questions you’ll have is how much rent you can charge per month. Of course, you can (and should) take the advice of your agent, but it’s also worth understanding exactly what factors impact the amount of rent you can sensibly charge. In this quick read,...
If you’re fortunate enough to be in a financial position where you can rent out your home instead of selling it, should you take the leap? After all, if you don’t need to sell to fund your next move, renting your property is an option worth exploring. Here, we explore the dilemma of renting out a property instead of selling. Timing As we all know, property sales can take time....
If you’re a landlord looking to attract long-term tenants, it’s worth thinking about ways to make your investment property as appealing as possible. And one area you may have overlooked is the army of British pet owners who need a rental property, and want to make their furry friends as comfy as possible. Unfortunately, over the years, many landlords have been known to refuse pet owners, perhaps...
It’s up there with late rents, messy tenants and broken boilers on a landlord’s Headache-ometer. What are we talking about? Finding (and keeping) tradespeople you can trust to look after any property maintenance or issues landlords need to get sorted. In this article, we share five tried, tested and trustworthy tips on how to find the very best and swerve the unreliable rest. Tip #1: Know...
After a challenging 12 months for the economy, how is the private rental sector faring, and what lies ahead for buy-to-let landlords? In this market analysis, we look at some facts and figures to give you an accurate update on the private rental sector. Demand Demand for rentals is running hot. It’s up 3% on 2022 levels and a whopping 42% higher than in 20191. Reasons for this include...