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rent advice
iceage3
Posts: 235 Forumite
we are thinking about renting house out .can someone explain fees u have to pay ,would i still have to pay life insurance and bulidings contents insurance for house.
most ea charge a fee ,but does this include any other fees as i see a lot of services ?
hope u can help?
most ea charge a fee ,but does this include any other fees as i see a lot of services ?
hope u can help?
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Comments
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Insuring the building should be the responsibility of the owner, not you.
I wouldn't imagine that the Landlord would insure your property so you'd need contents insurance0 -
Hi! Sorry, it isn't clear from your post whether you want to rent out a house you own or want to rent a house to live in...
Perhaps you could clarify?
Thanks!"I believe that everything happens for a reason. People change so that you can learn to let go, things go wrong so that you appreciate them when they're right, you believe lies so you eventually learn to trust no one but yourself, and sometimes good things fall apart so better things can fall together." Marilyn Monroe0 -
It's clear from the OP that she wants to rent her house out. That's why she asked is she still needs to insure the building.0
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It's clear from the OP that she wants to rent her house out. That's why she asked is she still needs to insure the building.
That's what I thought, but the other posters thought s/he wanted to let a property to live in so I thought I would check.
OP - you would need to get permission from your mortgage provider first of all. You would also need buildings insurance (letting them know the property is let out).
If you have gas this would need to be serviced annually. There are probably lots of other things as well so to be honest I would get an estate agent to handle this for you as they can best advise you on the rent you can expect and what you need to do."I believe that everything happens for a reason. People change so that you can learn to let go, things go wrong so that you appreciate them when they're right, you believe lies so you eventually learn to trust no one but yourself, and sometimes good things fall apart so better things can fall together." Marilyn Monroe0 -
AlwaysWorking wrote: »That's what I thought, but the other posters thought s/he wanted to let a property to live in so I thought I would check.
OP - you would need to get permission from your mortgage provider first of all. You would also need buildings insurance (letting them know the property is let out).
If you have gas this would need to be serviced annually. There are probably lots of other things as well so to be honest I would get an estate agent to handle this for you as they can best advise you on the rent you can expect and what you need to do.
Agreed! Too many amateur landlords getting into a right pickle prove that it's not as simple as some think.0 -
we had to have an EPC check when we rented our flat out,this was to check the energy preformance of the property and we found it is illegal to show potential tenants around without this - it costs around £80 + vat, but an estate agent can help you with this.
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