How to let your property

Learn about the ways landlords make money through letting out property, and the additional costs to good effect should you be intent in thinking about letting out your property – be it residential or commercial. Make sure that in any case you are in the know of the legal aspects which have to go with this as a process. Understanding your legal responsibilities are key to ensure you are in turn 100% legal and compliant.

Thinking of letting a property? You need to know all of the legal terms and conditions which go with this as a general property process. Seek to read a guide before you decide to rent out your flat or house to see what you need to do. Arrange a free valuation of your property, select an estate agent and arrange an Energy. Performance Certificate (EPC) and from here you can be sure to kick start the general process. You may be a professional buy-to-let landlord, or you may rent out your home as an 'accidental landlord' – this can be where you may be a landlord due to moving abroad or having the funds to be able to down size to a smaller property. 

If you rent out - or are thinking of renting out - your home, it is vital that you are aware of all the legal clauses which can so often thwart this. When you move home, you normally have to sell your current property, though there can be the times where you keep the property and in turn buy another or go to rent another one as well as renting your current home. If you rent your old house out rather than sell it, you could end up over time with a valuable asset that generates a regular income – and a fully paid off mortage. There are for sure a number of times when and where renting out an old property can be sure to make great sense.

Letting your property could give you the freedom to move at a time when selling has become difficult, but it also comes with the responsibilities – as covered. You need to simply make sure you are fully up to date with a lot of the key and legal aspects of property lettings. If you rent out - or are thinking of renting out - your home, it is vital that you do also seek to get advice on this so you are in the know of the key current legislation.