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