Checklist provided by
|It can help you move into a new home if you can’t sell or need to move away temporarily or permanently.
|A good tenant will pay rent on time and look after your property.
|You help to offer a home to local people who wouldn’t otherwise afford to live in the area.
|You may be able to make money from letting property.
|There may be up front costs to meet the legal requirements of renting a property eg update fuse box.
|Tenants may damage your property, eg set up cannabis farms.
|You need to understand and keep up to date with all the legal ramifications of letting a home.
|Tenants may default on their rent leaving you to cover the property costs.
|Costs can be higher than the income you receive from renting.