reph4444 Posted January 23, 2013 Report Share Posted January 23, 2013 Apologies as I'm sure this question has been asked a thousand times, but as this is my first I want to ensure I do this right I'm ready to rent out my first property and my son's friend want to rent from me, which is great However, can someone advise what kind of agreement(s) I need to put in place and if so where I can download for free please Any help much appreciated Regards.... Link to comment Share on other sites More sharing options...
TKL Posted January 23, 2013 Report Share Posted January 23, 2013 Hi, You can download a tenancy agreement for free from the forms and guidance section of my own website, TurnKey Landlords, under 'Landlord Support'. Be aware that you'll either need a buy to let mortgage, or 'consent to let' from your existing residential mortgage lender, to rent out your property. If you do choose to visit my website, I also recommend you visit the 'new to buy to let' section and read our 'step-by-step guide to becoming a landlord'. There is a great deal of legislation in place and landlords have several obligations they need to meet. The more research and learning you can do, the better! I wish you the very best of luck. Regards, A Link to comment Share on other sites More sharing options...
reph4444 Posted January 24, 2013 Author Report Share Posted January 24, 2013 A - absolutely perfect and free :-) Thanks very much looks like a great website I assume its the norm to have an initialtenancy agreement of 12months in duration and that you can keep that rolling each year? and can you advise what a normal notice period is that you should expect from a tenant please? Thanks again Regards.... Ray Link to comment Share on other sites More sharing options...
landlord insurance Posted January 24, 2013 Report Share Posted January 24, 2013 Please remember that although this is your son's friend, treat everything as if it is a normal tenant. In terms of landlords buildings insurance, you may be required to do checks on the property and have a written record of them. In cases of friends/family renting these things can get overlooked but the insurance company may want to see evidence of them at a time of a claim. Link to comment Share on other sites More sharing options...
reph4444 Posted January 24, 2013 Author Report Share Posted January 24, 2013 very very good point, hadn't thought of that :-) Not sure if you can help with these questions please? I assume its the norm to have an initial tenancy agreement of 12 months in duration and that you can keep that rolling each year? and can you advise what a normal notice period is that you should expect from a tenant please? Thanks again :-) Link to comment Share on other sites More sharing options...
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