Flat Rentals IbroxFebruary 24, 2017 11:12 am
LET it providing a letting agent service to the Ibrox area.
Property Letting Agents
There can be lots of reasons that someone becomes a landlord. You may want to invest some money into property and renting out the flat or house creates income from it. You may already own the property or have inherited it and don’t want to sell it. Whatever the reason for becoming a landlord, there are a few areas that you need to be aware of before you install a tenant to ensure both you and future residents are protected.
When you start with flat rentals in Ibrox, you will normally have a tenancy called an Assured Shorthold Tenancy. This means you let out the property for a period of six months and can either renew for another period at the end or the tenant must seek another home. You can also stipulate longer periods if this is what you want and suits the tenant.
You need to collect a deposit from the tenant and hold this in a government approved deposit scheme to protect both parties. You also need to have a written tenancy agreement in place and you have a legal obligation to check the property ahead of the tenant moving in. you also need to organise regular checks for gas, electric and other utilities as well as checking for structural and other types of repairs that may be needed.
Many landlords make use of a letting agent to handle much of this for them, from finding the tenant to drawing up the agreement, collecting the deposit and organising the checks. They charge a fee, usually based around the monthly rent and can be engaged to do various checks needed during the year to save you the work.