Robust tenancy agreements are a necessity
14th Sep 2012
Landlords who are bringing new tenants into their homes over the coming months will need to make sure that they are providing a robust tenancy agreement that benefits both parties, an expert in property has advised.
Eddie Hooker, managing director of Total Landlord Insurance, said that protection for both sides in any such transaction for property to rent is a necessity. He added that this is a particularly pertinent point when it comes to letting to students.
Mr Hooker said that renting to student tenants can throw up problems surrounding them getting into issues with debts when it comes to paying bills and their rent, meaning that it is essential to gain parental payment guarantees beforehand.
He also advised getting to know tenants, adding: "If you are using a letting agent they will do all of that for you, but if you are letting to students on your own make sure you know who is renting the property. A lot of landlords will have joint tenancy agreements for students because there will be four or five sharers in a property. Just make sure you know who the people are who are moving in."
Finally, Mr Hooker said it is imperative to make sure as part of tenancy agreement that all the people living there are aware of their obligations.
Posted by Staff Writer: Ewan Robertson
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