Property letting can be complicated. Finding tenants, dealing with all the legal paper work and collecting rents can make the whole thought of property investment not such a good idea.
When you let you’re a property to a tenant, you need to have an agreement for this tenancy. This is called an assured shorthold tenancy. This agreement means you have the guaranteed right to get your home back after six months, if you need it. You can charge a market rent and you can get your property back if the tenant owes you at least two months or eight weeks rent. How long an assured tenancy lasts is really up to you, you can agree for a set period or you can leave it open ended.
To get your property back, you can end the tenancy at any time after six months, providing the fixed term you have agreed has ended. You will need to give your tenant two months’ written notice. There are instances when you can end your tenancy agreement at any time, these included rent arrears, anti social behavior and damage to your property by your tenant.
Just some of the above is why people prefer to use a property management agency. A recent client is Nuneaton property management agency Homes2Let East Midlands Ltd, from their office in Nuneaton they cover the whole of the midlands including Coventry, Leicester, Derby, Hinckley and Nottingham. Not only do they find tenants for you, they do all the administration and collect rents all for a 6% management fee.
Home2Let covers the whole of the Midland’s region and has a proven working system to acquire tenants, in fact is has no vacant property at the moment. If you are thinking about letting property then Warwickshire letting agency Home2Let could be the perfect agency for you.
To find out more please visit their website www.home2letinfo.co.uk