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Becoming a landlord and letting your property can be quite a confusing procedure for some people, especially if you are letting a property for the first time. Our agents at Charnwood Living have put together a few key tips that can provide advice to any future landlords.

Choosing A Suitable Letting Agent

Different letting agents will offer a variety of different services for their landlords and at varying levels of quality, so it is beneficial to look around and see which one will suit your needs the best. For example, online only agencies might not have an intimate knowledge of a location when compared to a local agency. Having been set up within Leicestershire, Charnwood Living have a extensive knowledge of the area which allows our team to provide the highest quality service and cutting edge marketing when compared to any other letting agencies in the area.

Tenancy Agreements

It is important that you are using a suitable type of tenancy agreement. The agreement should cover addresses, payments, right to rent and be signed by both the tenant and landlord. Our team of a letting agents at Charnwood Living will produce the appropriate and comprehensive tenancy agreements.  The agreement will be created in a standard format and will cover both the landlord's and the tenant's rights. It will also provide protection from abuse that may occur regarding rent or the property itself.

Budgeting Possible Maintenance Work

Maintenance work can be long-winded and expensive depending on the scale of the operation and can have a significant effect on the value of the property or the amount of rent you could receive.  Because of this it is important that it is done correctly and efficiently. At Charnwood Living we have our own in-house and local contractors that can assist you perform maintenance work on the property. Then any work performed can be deducted from your rental payments.

These are just a few examples of advice that we can provide any new or experienced landlords. If you have any questions then please get in contact with us today.