FAQ'S FOR OWNERS
Types of Tenancy
We recommend fixed term tenancy agreements and will discuss the importance and benefits of this with you. Fixed – fixed-term tenancy only lasts for a set amount of time – for example, one year. The amount of time must be written on the tenancy agreement. If the fixed-term is for longer than 90 days, the tenancy automatically becomes a periodic tenancy when the fixed term expires (unless the landlord or the tenant gives notice to say they don’t want the tenancy to continue or they agree on something else). Periodic - periodic tenancy is one that continues until either the tenant or the landlord gives written notice to end it.
These are checked when leases are due to expire and we are looking at a new lease for the same tenant or when the property becomes available for re letting. We will contact you approx 6 weeks before expiry of any lease to check with you first regarding ongoing availability and rents.
Does my insurance change when my property is rented ?
Yes , you must tell your insurance company that your property is tenanted and no longer owner occupied. They have different “landlord insurance” policies for different situations. Please check the details of these with your insurance company and let us know if there are any special conditions e.g how often a property is to be inspected.
These are emailed to you monthly as well as an end of year financial statement for tax purposes in the first few days of April each year. You can also view these through your owner login.