How to rent my Flat?
In the next 2 years I am planning on moving homes and I would like to rent out the flat I have.
Can anyone recommed a website that tells me what I need to have done to the house before it is rentable.
Thanks
Sell and Rent Back
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August 31st, 2009 at 11:28 am
just call a letting agents and they will sort it out for you, less hassle and less chance of it being empty
September 2nd, 2009 at 4:06 am
just type in your local government website, they allways dive you advice in what is need before u rent any property out
September 4th, 2009 at 12:02 am
aww cool you live in the u.k. don’t you? well my friend jukka (when he left the u.k.) had to sign the lease from his flat over to someone else. if you wanna talk to him about it go to my myspace he’s like my number 3 or 4 friend.
myspace.com/thewrathofmyheart
September 6th, 2009 at 3:40 pm
I found this website, it looks quite comprehensive. I have done it myself and the advice I would give is find a good agent to find you the tenant, get references and arrange rent collection but manage the property yourself (ie sort out anything that may need to be fixed etc.) as agents charge a fortune for this service and it’s not worth it.
The agent will usually ask for 8-10% for annual rent plus VAT as a fee for finding someone but they can usually get you a higher rent in the first place.
Also check out all the things that you can write off against tax, for example keep the largest proportion of mortgage possible on the rented property as mortgage interest is tax deductable.
Good luck!