Whether you are letting your own home or a house you have bought for investment purposes, it is important that you take steps to ensure that you can regain possession if things go wrong. Bear in mind there are always risks in letting a property – we will help you to reduce those risks wherever possible.
Landlord – The person or persons who own the property and who wish to let it
Tenant – The person or persons who are going to rent the property
Premises – Property / house / flat
Deposit – A sum put up by the tenant to cover damage or rent arrears
Fixtures & fittings – The items you let with the property such as carpets, sockets and shelves.
Inventory – A list of fixtures & fittings, furniture and equipment.
Schedule of condition – A detailed statement specifying the exact condition of the property and the items on the Inventory.
Assured Shorthold – The most common type of tenancy used for letting a residential property.
TENANCY AGREEMENT: We always recommend that you have a written agreement with your tenant, necessary to protect your interests and ensure you have the best chance of regaining possession of your property at the end of your agreement. Owen Kenny Solicitors have a basic form of agreement for each type of agreement, adapted to take into account your personal circumstances.
TIP: Never let your tenant take up occupation until they have signed this agreement