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Monthly Archives: September 2015

5 Of The Things To Bear In Mind Before Becoming A Landlord

If you are considering setting up in business as a landlord then there are a number of things that you will need to consider. Below we highlight five of them: – Type of Tenant You will need to decide the type of tenant that you would like to rent to as this will affect the sort of property that you wish to purchase to let out. For instance, do you wish to rent to a single person, a couple, students or a family? Do you prefer to let the property to a professional high-income earning individual or to someone that has been unemployed and on benefits for many years? Will you allow pets in the property or not? If you are going to rent to a single professional person then you may wish to consider buying a one-bedroomed apartment. However, if you wish to let a property to a family then you may wish to purchase a three or four bedroomed house with a reasonable sized garden. Location If you are going to rent to students then the property will need to be within reasonable travelling distance of the university. If you intend to let to a professional couple then…

Shelter Receives Thousands Of Complaints About Landlords

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It is disturbing to hear that, according to research carried out for Shelter that is a homelessness and housing charity, it estimates that in excess of 125,000 people in England that are renting residences on a private basis have been subject to some form of abusive behavior from their landlords in the past 12 months. We are sure that you will agree that this is a disturbing statistic. Apparently, some 3,792 people took part in the survey with 60 of them stating that they or a different tenant that they knew had been abused in some way either by the landlord or letting agent. Around 10% were of the opinion that the law was broken in some way by their landlord. Like most things, it is a small percentage of landlords/letting agents that would appear to be letting the industry down. Shelter hear from a number of tenants who have complaints about a variety of issues such as rental properties not being suitably maintained, landlords going into properties without the agreement of the tenant, gas and/or electricity being cut off and people being evicted illegally. There are of course procedures in place that landlords should follow when it comes to…

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