Can I cover these possible expenses by insurance? Yes. You should discuss this with your existing insurance company
or ourselves. We can arrange cover for clients through HomeLet, a specialist provider of landlords insurance. For further information regarding each of these policies, please obtain the relevant HomeLet leaflet from us or go to www.homeletuk.com for full details.
Can you deal with the legal side?
Yes. We are competent and experienced in this and in almost all cases we draw up the legal agreement for you. The Assured Shorthold Tenancy is the most widely used form of tenancy and subject to the serving of the appropriate notices, gives the landlord a mandatory right to repossession at the end of the agreed term, offering flexibility to both landlord and tenant.
Should I inform my bank/building society of my intention to let?
Yes. If your property is subject to a mortgage, you must advise the lender of your intention to let it. We strongly advise that you contact your mortgage company immediately to obtain their permission in principle rather than applying for this once a tenant is found. It is imperative that consent is obtained to prevent your mortgage arrangements being in jeopardy. It could take up to 6 weeks to obtain written permission. Flat owners should also check the lease to ensure that the flat can be rented out. This also relates to those with management companies.
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