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plus size wedding dress
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ekcjkg692t
Posted: Sat 12:39, 03 Aug 2013
Post subject: hollister france What to do once youve decided to
Posted:June 9, 2010Comments:Views:5
A property standing empty gathering dust and cobwebs is highly undesirable and
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brings no benefits to mention to either the home or its owner. Receiving an additional income
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through finding tenants to let your property can be an extremely useful and rewarding asset. However many people may be put off by what they think will be a long, complicated and expensive procedure.
By following the
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correct procedure you can let your property with confidence and ease and start to reap the benefits of being a respectable, honest and legitimate landlord or landlady.
Primarily a property needs to be finished
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to an acceptable standard before it is put on the letting market. Arguably the best way to prepare a property for let is to ask yourself some questions. Would I want to live and pay rent for this property? Is it clean? Has the garden been maintained? Is it nicely decorated? Once you have answered yes to these fundamental questions you are ready to let your property.
Decide who your target market is and market your property accordingly. Do you want to let to students, a family or a young professional.
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Of course the location of your property is likely to make this decision for you. For example if the house is in close proximity to a university or college, letting it out to students may prove to be imperative.
Before you secure a tenant there are several parties who need to be consulted of your intentions to let your property. If your property has a mortgage attached to it, be
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sure to inform your mortgage lender as they may require you to let your property on an Assured Shorthold basis. It is highly unadvisable to let a property without the appropriate insurance. Visiting your house to find that its entire contents have been stolen or the tenants have left behind more damage than the cost of a whole year's rent, can be easily avoided by taking out insurance on the house. Too busy to
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collect the rent or deal with those letting 'niggles' which may crop up? If so you may want to consider letting your property through a qualified letting agency that, for a small percentage, can take care of all your letting arrangements. Visiting a solicitor to draw up a contract is also imperative if you are to let your property with peace of mind. Before consulting a solicitor arrange with your tenants how
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long the let is going
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to be for and how much the monthly rent will be.
Whilst letting a property is an effective method of generating an income, there are some costs involved which should never be overlooked. Always account for costs such as monthly mortgage repayments, solicitor, insurance and letting agency fees, as well as decorating and
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furnishing the property.
Abide by these simple steps
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and you will soon be on your
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way to letting a property with self-assurance and legality and you can sit back and enjoy the unique advantages respectable landlords and landladies receive.
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What to do once you've decided to let your property
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