It is estimated that over 2.6 million homes in England are rented from over half a million landlords. If you are hoping to become one of these landlords through the letting of your house then you need to be aware of your legal rights and obligations of doing so.
When you let a property, in this case your home, you will automatically be setting up an assured 'shorthold' tenancy. This shorthold tenancy means the following:
o You have a guaranteed right to get your home back after six months if you need to
o You can charge a 'market rate' for rent, that is, the going rate for similar property in the area
o You can get your home back if your tenant owes you at least two months or eight weeks rent
o You can evict tenants who are causing a nuisance to local people
o You can end the tenancy at any time for certain reasons for possession set out in legislation. These include rent arrears, anti-social behaviour, and damage by the tenant. The length of the written notice you must give will depend on the reason that you are using Read more...