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Posted:June 9, 2010Comments:Views:5
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By following the [link widoczny dla zalogowanych] correct procedure you can let your property with confidence and ease and start to reap the benefits of being a respectable, honest and legitimate landlord or landlady.
Primarily a property needs to be finished [link widoczny dla zalogowanych] to an acceptable standard before it is put on the letting market. Arguably the best way to prepare a property for let is to ask yourself some questions. Would I want to live and pay rent for this property? Is it clean? Has the garden been maintained? Is it nicely decorated? Once you have answered yes to these fundamental questions you are ready to let your property.
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Before you secure a tenant there are several parties who need to be consulted of your intentions to let your property. If your property has a mortgage attached to it, be [link widoczny dla zalogowanych] sure to inform your mortgage lender as they may require you to let your property on an Assured Shorthold basis. It is highly unadvisable to let a property without the appropriate insurance. Visiting your house to find that its entire contents have been stolen or the tenants have left behind more damage than the cost of a whole year's rent, can be easily avoided by taking out insurance on the house. Too busy to [link widoczny dla zalogowanych] collect the rent or deal with those letting 'niggles' which may crop up? If so you may want to consider letting your property through a qualified letting agency that, for a small percentage, can take care of all your letting arrangements. Visiting a solicitor to draw up a contract is also imperative if you are to let your property with peace of mind. Before consulting a solicitor arrange with your tenants how [link widoczny dla zalogowanych] long the let is going [link widoczny dla zalogowanych] to be for and how much the monthly rent will be.
Whilst letting a property is an effective method of generating an income, there are some costs involved which should never be overlooked. Always account for costs such as monthly mortgage repayments, solicitor, insurance and letting agency fees, as well as decorating and [link widoczny dla zalogowanych] furnishing the property.
Abide by these simple steps [link widoczny dla zalogowanych] and you will soon be on your [link widoczny dla zalogowanych] way to letting a property with self-assurance and legality and you can sit back and enjoy the unique advantages respectable landlords and landladies receive.
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What to do once you've decided to let your property
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