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A Guide To Letting Your Property

Mon, Feb 9, 2009

General

If you‘re lucky enough to own a second property, or even multiple properties, you’ve no doubt considered or are looking to let it out. Lots of people own properties and let them out to tenants direct without incurring those costly letting agency fees and commissions. Of course, the tough part of the whole process is finding someone to let your property in the first place, but we can and will help with the legal side of it, in particular, the tenancy agreement.

If you have found a potential tenant, you’re going to need to get a tenancy agreement in place which outlines all of the terms that both you and the tenant will adhere to. There are 3 choices here. You can either pay a lawyer to draft up an agreement. You can pay the letting agency a commission / fee. Or you can download a free tenancy agreement from the Internet! I expect you’ll prefer the latter as there are no fees involved. There are several websites out there which offer this service as well as providing information on the rights to be contained within the agreement and even information on how to end a tenancy agreement should there be an issue between you and your tenants later.

Letting your own property should be relatively straightforward and cost free for the most part. We hope using a free tenancy agreement will go some way to providing this.

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