10 secrets you need to know while renting out the house
TRANSCRIPT
Complete all repairs, maintenance, and painting jobs: List up all your need repair works & do
it all before you start to look for tenant,so that your tenant never get a chance to complain or
bargain by pointing out this.
Determine how much rent you can charge: Do proper research about this & charge wisely.
Estimate the tax you need to pay – If you are not aware about this ,consult with a tax expert.
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10 Secrets You Need To Know While Renting
Out The House
Estimate the value of the furniture and fittings kept in the house - If you are keeping some
furniture & fittings, then , add the value these items along with your rent money.
Look yourself or take help- There are two options available: Seek advice or help from property
agent or place advertisement yourself and handle calls of the people looking for rents.
Inform your house insurer and mortgage company – This is essential for secure property deal
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10 Secrets You Need To Know While Renting
Out The House
10 Secrets You Need To Know While Renting
Out The House
Find a good and responsible tenant- To make your part safe cross-check the identity of the
tenant .It includes DOB, permanent address, father’s and mother’s name and address, his
or her employment or professional details,photocopy of any identity proof,etc.
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8 Make a flawless tenancy agreement – This legal part can’t be neglected.Before finalizing
it,make sure you included all the necessary information on the agreement.
Protect all your fundamental rights through the agreement – As a property owner, you have
some fundamental rights, like you can inspect the property whenever you want without
disturbing the occupants, you can use the freehold part of the house or lock them, etc.
Discuss community norms and basics of housekeeping with the tenant - It is important to let the
tenant know community norms that everyone in the community is bound to obey & discuss the
matter of housekeeping openly with your tenant.
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10 Secrets You Need To Know While Renting
Out The House
