Buy an on-line Tenancy Agreement now. As a landlord and also as a tenant it is important that there is a comprehensive tenancy agreement in place to protect both parties. Don't be tempted with purchasing off the shelf do it yourself tenancy agreements. It is worth investing in a professionally prepared tenancy agreement by a qualified solicitor.
Tenancy agreements
Tenancy agreements are a legally binding document which protects both a landlord and the tenant when renting out property. If you are a landlord and need to download a solicitor prepared assured shorthold tenancy agreement now click here.
Amount of Rent
A landlord will determine the level of rent based on market conditions and level of rent expected on the type of property in question.
New landlord renting for the first time
If you are a new landlord renting your property for the first time it is essential that you purchase a comprehensive tenancy agreement. Never Indians Bob Feller Jersey , believe that trust is enough. This is a business relationship to help protect your investment property.
Damage deposits
It is important for landlords to take a damage deposit from the tenants. The amount set is determined by the landlord. However, it is a worthwhile investment to purchase a landlord inventory now as this will detail the condition of the property and contents prior to the tenants moving in which can be signed by all parties. When the tenants vacate this landlord inventory can be used to determine whether any of the deposit needs to be retained for repairmaintenance work created by the tenants.
Evicting tenants
It is never an incident that a landlord wants to exercise but on occasions it is necessary to evict tenants. There are certain procedures that a landlord must take to do this. In the first instance it is worth consulting a solicitor to find out how to execute this.
Rent Arrears may need to get a county court judgement
Many landlords will collect rent via direct debit from their tenants own bank accounts. It is important that tenants pay the rent on time and the full amount so as to avoid getting into rent arrears. If this does happen the landlord may have to apply for a county court judgement to resolve the rent arrear issues.
Before you evict you need to know which notice to serve
As a landlord needing to evict tenants it is important to know which eviction notice to serve. There are a number of good information sources available to find this information Indians Larry Doby Jersey , but it is always worth contacting a solicitor to ensure that it is done in the correct legal manner.
Each party has certain obligations that they must meet. These can include:
The Landlord
- Adhering to Safety Requirements
- Collecting Rent
- Attending to repairs on the property
- Enabling the tenants to live peacefully in the property you have provided
- Not harassing the tenants. This can include visiting the property without prior notice, builderstradesman arriving at the property without prior notice and generally leaving the property in a poor condition for the tenants.
The Tenant
- Paying Rent on time
- Ensuring that bills are paid and on time
- Contacting the Landlord notifying of any repairs needed
- Issuing the Landlord with the correct period of notice before they leave
When both parties have signed the tenancy agreement it is very rare that it can be changed unless the tenant and the landlord agree mutually. For example if a tenant has signed an Assured Shorthold Tenancy Agreement for a minimum period of six months and the tenant wanted to leave after just three months Indians Carlos Baerga Jersey , then they may be liable to pay the remaining three months unless a break clause is written into the original tenancy agreement signed.
As a tenant there are certain steps that they need to take to terminate their tenancy agreement. Under normal circumstances they would give the landlord notice that they are leaving. Even if this is not written into the tenancy agreement, it is common courtesy to let the landlord know so that the landlord can begin necessary preparations to source new tenants when they vacate.
Different Types of Tenancy
If a tenant pays rent to a private landlord and live in a flat or house that is not shared with the landlord Indians Kenny Lofton Jersey , the tenants are likely to have: