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OUR GUIDE TO A SWIFT, SMOOTH AND LEGAL SWITCH BETWEEN TENANTS
House shares are a great way of maximising your rental income, and they cover every kind of tenant, from university students to high-earning professionals.
Inevitably, a housemate will leave at some point as their life evolves. And whether it's moving in with a partner, relocating for work, or buying a home of their own, you'll need to find a replacement.
The changeover doesn't have to be a hassle, but to protect yourself as a landlord and keep the tenancy watertight, there are some dos and don’ts to bear in mind, including:
- Receiving and accepting notice
- The law around replacing one sharer with another
- Finding a replacement housemate
- Updating the tenancy agreement
- The changeover between the outgoing and incoming tenants
So whether you’re a landlord in Liverpool or you've got rental homes in other parts of the UK, you’ll find all you need in this week's blog for a smooth, swift and legal switch between sharers.
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THE ESSENTIAL CHECKS YOU NEED TO MAKE, AND WHEN TO SAY NO
For some landlords, the very mention of guarantors can ring alarm bells. But they're written into more tenancy agreements than you might think, and needing one isn’t necessarily a sign of problems ahead.
Even well-paid professionals with a glowing landlord’s recommendation can fall short in the referencing process, so it's wise to have an understanding of what it means to have a tenant with a guarantor.
So, in this week's blog, we’re taking a look at:
- The profile of a guarantor
- A guarantor’s responsibilities
- Why a tenant might need a guarantor
- Referencing a guarantor
- Claiming from a guarantor
Once we’re done, and whenever you encounter a tenant who needs a guarantor - either upfront or after you've taken up references - you'll have everything you need to make a confident decision.
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TURN A VACANT SPELL INTO A BRIGHTER FUTURE FOR YOUR BUY-TO-LET
An empty rental property doesn’t have to be a downer. In fact, having some time between tenancies gives you the chance to optimise your investment's rental yield, sales value, and future popularity.
That said, vacant homes do have some extra risks and management that you don't need to think about when your property has a tenant.
This means that an empty buy-to-let comes with both opportunity and organisation, plus a varied menu of things to consider, including:
- Spicing up the specification
- Rooting out repairs
- Presenting a fresh face
- Blitzing the admin
- Protecting your property
So whether you're making improvements to turn a greater profit, or just keeping things in check until the next tenancy begins, this week's blog is jam-packed with expert tips and tricks.
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THE SECRET SAUCE FOR TROUBLE-FREE TENANCIES AND PEACE OF MIND
Giving someone the keys to your rental property is a big deal, and you want to be as sure as you can be that whoever you choose turns out to be reliable, trustworthy, and trouble-free.
For complete peace of mind, a thorough background check will give you the confidence that your tenant:
- earns enough to live at your property.
- has a history of paying their rent on time.
- is financially stable and secure.
- will look after your investment.
- won’t be a nuisance to your neighbours.
Whenever we speak to a landlord where things have gone wrong with their tenant, the story often begins with a lack of pre-tenancy checks that could have flagged potential problems.
So for this week’s blog, join us behind the scenes of our rigorous referencing to see what we do and why only the best tenants pass the test.
- Details
- Hits: 383
THE SECRET SAUCE FOR TROUBLE-FREE TENANCIES AND PEACE OF MIND
Giving someone the keys to your rental property is a big deal, and you want to be as sure as you can be that whoever you choose turns out to be reliable, trustworthy, and trouble-free.
For complete peace of mind, a thorough background check will give you the confidence that your tenant:
- earns enough to live at your property.
- has a history of paying their rent on time.
- is financially stable and secure.
- will look after your investment.
- won’t be a nuisance to your neighbours.
Whenever we speak to a landlord where things have gone wrong with their tenant, the story often begins with a lack of pre-tenancy checks that could have flagged potential problems.
So for this week’s blog, join us behind the scenes of our rigorous referencing to see what we do and why only the best tenants pass the test.
Why sell or let with us?
Here are some of the reasons why you should choose Homelets to sell or let your property:
- Dedicated Local Experts
- 24/7 Contact
- No Commission
- No Sale No Fee
- Accompanied Viewings
- No Let No Fee
Submit a valuation opposite or call us on 0151 280 4047.
