Advice on renting house {property} ie. furnished or unfurnished, and the legal side. ie.tennants rig

best way to advertise, and does bonds and refs make a difference

Advice on renting house {property} ie. furnished or unfurnished, and the legal side. ie.tennants rights?download windows media player

The best advice I can give you is to make sure your lease spells everything out clearly. Include the amount of rent, when it's due, if there is a late fee, if pets are allowed, any rules you have, if the lease can be broken by giving 30 days notice, if they lose the security deposit if they move before the end of the lease, etc. Also, include an appendix page that lists everything that is in the house when the tenant moves in. If you are renting it furnished then list all of the furniture, list things like refrigerator, stove, smoke detectors, etc. You want everything in writing in case you have to take a tenant to court. I don't know where you live but consider renting through HUD. My mom has several properties and she likes renting through HUD because the rent gets direct deposited into her checking account. She doesn't have to wait for a tenant to pay or go collect rent. Sometimes HUD will only pay part though and you do have to get the rest from the tenant. Personal references aren't always reliable because the tenant is going to put people that they know will give them a good reference. Your best bet is to talk to their previous landlord. You can find out what kind of tenant they were that way.

Advice on renting house {property} ie. furnished or unfurnished, and the legal side. ie.tennants rights?internet explorer update internet explorer

If furnished, only with cheap/old furniture: it will not be in good condition after 5 or 10 years.

A contract tends to give you more rights than the tenants. Not using contracts is simpler and cheaper though; and if your tenants are trustworthy (eg female PhD students) probably worth any risk. The major situation to avoid is that where you're stuck with a problem tenant and can't kick him or her out. I think a contract will help you out there, e.g. by ensuring you can get rid of any tenants within the "notice period" - this is often about one month. You tell him he's out, and within a month he has to be. If you don't have a contract, perhaps he has no rights at all - not even that month.