It is possible to enter into a verbal, legally binding contract to rent a residential property. This might not be advisable though. In this post, Thomas Taylor a legal expert from our partner Net Lawman explains what you should know about your obligation to form a written tenancy.
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We don’t need our tenants to be on benefits this is available to all and the landlord will control the application – very good news.
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Investing in property is a big step. It’s definitely not a get-rich-quick scheme. If the stars align and you are business-savvy, you can enjoy a good return – arguably much greater than depositing money in a savings account!
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Selling an investment property is not as straightforward as selling a residential property. Unless the property is empty, you have a tenant to consider. Although you ‘own’ the property, the tenant has rights. This means you can’t call your friendly local estate agent and stick the property on the market without giving the tenant a second thought. Chances are, they’ll be a bit upset when a For Sale sign appears in the front garden with no word from you!
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“Are voids always an issue with HMO’s? What would one estimate average monthly voids for HMO’s?”
I often take part in discussions in face book property groups and very often they begin with a question from a new landlord or a person who is hoping to become a landlord or “get into property” via rent to rent. Many experienced people give information and advice because it doesn’t cost us anything and
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