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Take notes on what you can and cannot include in your lease agreement.Set the amount of rent your tenant will pay in exchange for renting your property.All sensible landlords should take out insurance but in many cases their insurance policy is invalidated when the occupier has an unspent criminal conviction within the past 5 years.
The wording does not mean that if the tenant asks permission to keep a pet that you HAVE to say yes. Remember also that if you are not experienced in drafting documents it is easy to draft a clause in a way which is ambiguous or hard to follow.
That tenancy agreement that your father used in the 1970’s is well out of date.
You need to have the most recent version of the tenancy provided by your supplier.
I am delighted to introduce another insightful post from housing consultant and former TRO, Ben Reeve-Lewis, this time on worrying aspects of insurance (which I touched on also last year in a previous post on insurance for lodgers).
I have recently become aware of quite an alarming development in private renting.
If you plan not to charge rent, define exactly what your tenant will offer in lieu of money each month--for example, completing maintenance and repairs on the property or working in your office.