Renting to a family member,tenancy advice.
Mr and Mrs My Brother ar home for a year as they prep a move to OZ. (She is finishing her probation as a maths teacher,he is doing another couple of qualifications) I have a house in Montrose fairly close to where I live that I am going to rent to them for the year. I have had tenants before and used a pretty good letting agent,however based on what I know of my Brother and his wife I am willing to forego the security and barrier of an agent and tbh save him a few bob as well. A google search brings up a huge number of “free” tenancy agreements,any dangers to using one of these. (They want a tenancy agreement,perhaps childhood memories of atomic wedgies and “stop hitting yourself” 😈 )
Thanks,Stuart.Posted 4 years agoFunkyDuncMember
When I rented out a property through an agent I worked out they added zero benefit and took money for doing not very much.
Can do it all yourself at very little cost if you need guidance. Tennacy Agreement, bond held in 3rd party, inventory.
Don’t treat them any different to any other TennantPosted 4 years agocrowfootMember
Do everything by the book.
A friend of mine has just spent 6k on putting his house in order after a family friend left it in such a poor state.
If you want to do this yourself, do personnel credit checks, get deposits, get contracts drawn up noting their responsibilities as tenants inc. other charges that have to pay i.e council tax, utility bills.
You must have an Energy Performance Cert that needs to be displayed near the boiler or meter.
Your responsibilities need to be met, make sure you have fire alarms, boiler breakdown cover etc.
Loads of things to consider but the above gives you some idea.
CF.Posted 4 years agogeordiemick00MemberflamejobMember
If I trusted my brother, I’d just want cash every week/month with no documentation whatsoever.
If I didn’t, I wouldn’t rent it to him.
Letting agents are, in my extensive experience with them, evil, evil people who are generally complicit to the incredibly poor state of affairs in the UK with regards to housing.
Now I live in Montreal. It is illegal to take a deposit for rental properties and the lease is given by the government with a huge leaning toward the lessee.Posted 4 years ago
Geordiemick I will be in touch,thanks for the offer. Again, my brother WANTS a tenancy agreement as it is another bit of paper showing he is a good bet. As for trusting him, well he has left his fireblade AND his Kharmann Ghia in my hands for the last two years while they both worked in the States… 😀Posted 4 years ago
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