How To Rent My House Guide (And All Forms!) From Tenant Selection To Filling Out The Lease.
Do You Want To Turn Your House Into A Cash Flow Generating Machine?
This is how much a vacant house loses roughly every month...
 | $300 in property taxes |
| $50 for utilities (e.g. can't turn the heat off in the winter or water pipes will burst) |
| $75 for fire insurance. |
| $1000 in mortgage interest (we were only paying $125 off the principal every month) |
| $50 for maintenance and lawn mowing |
|
Click Here if You Want To Turn Your House Into A Cash Flow Generating Machine
Now
don't get us wrong, you may find a paying tenant but do you really want one who
knows how to work the system and wants to take you for every dollar they can?
Will this tenant prevent me selling?
Question: I have inherited a town house that has been
divided into four flats. There are tenants in three of the flats, one of whom
has been there for more than 20 years. I need to sell the property but my
friends say this will not be possible because of the tenants. Is this correct?
Answer: Firstly, establish if there are written tenancy
agreements and, if there are, consider their terms carefully. There may be no
tenancy agreements at all, of course. In either case, seek legal advice to
establish whether you can terminate the tenancies and how the notices to quit
must be drafted and served.
The tenant who has been in the property for more than 20 years is likely to be a
“sitting tenant” and so any sale would be subject to that tenancy and is
likely to decrease the value of that flat. However, you may be able to reach an
agreement with that tenant by finding alternative accommodation and/or by
offering an inducement to leave.
Consider whether you wish to sell the freehold of the property or if you wish to
sell the flats individually and retain the freehold. If you sell the flats
individually you will need to grant long leases for each. When you market the
property, do make sure that your agent is aware of the tenants. If a buyer wants
vacant possession, to be safe, make sure the tenants have gone before exchange
of contracts. There are many more options open to you than you might think, so
do take some legal advice.
Do you want to know some secrets regarding how to rent m house?
| The secrets for advertising that will get your house noticed and your phone ringing off the hook. Don't take the chance that your house remains undiscoverable for months. |
| That taxes can be simple if you know what categories to fill out and which ones apply for renting. |
| That you don't have to be very handy? Learn how to schedule maintenance even if you don't own a screwdriver. |
Access the following legal forms for your peace of mind:
| Rental Application |
| Residential Lease Agreement |
| Lead-Based Paint Disclosure |
| Lead Paint Booklet |
| Pet Agreement |
| Property Condition Report |
And also sample tenant letter in a .DOC format which is completely customizable. Sending letters is a powerful tool that tenants take seriously.
| Rental Binder & Deposit Receipt |
| Bank Draft Authorization |
| Residential Lease Extension |
| Sample Letter To Tenant |
| Eviction Letter |
| Notice to Quit |
| FAQ |
Click Here if You Want To Turn Your House Into A Cash Flow Generating Machine
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How To Rent My House Will this tenant prevent me selling?
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