imageWhat You Should Know Before Leasing Your Property

What You Should Know Before Leasing Your Property

18Jan 2010

Leasing out your flat or house seems like an easy task. All you have to do is look for a tenant, sign a contract and you get extra monthly cash. But before you begin, there are a lot of things you might now know about leasing property. It's good to research on laws and obligations before putting a rental ad up on the Internet. To help you get started, here are a few facts and important things to remember.   * Make sure that your house, flat or property is safe to live in. Check if there are any repairs that need to be done. You can also inspect for gas or water leaks.   * All utilities have to be available to potential tenants. Make sure that electricity and water are working. Check if you can have provisions for Internet or cable TV.   * Make sure to screen potential tenants. Don't get fooled by looks or first impressions. Take time to make credit or background checks on people who are interested in your property.   * Read up on your obligations as landlord. You can also research on tenant responsibilities. You have to have these written in your contract with your tenant.   * You have to be honest and truthful when you market your property. Take photos of each room or area when advertising on the Internet or on the paper. You should also include as much details as possible.   Just because there are a lot of people looking for rental property, it doesn't mean that it's easy to find good tenants. It's also hard marketing your property online. Before deciding to lease your property, you have to make some research as well.

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