Letting and management.
WHAT MANAGEMENT INVOLVES
Finding tenants Collecting rent Maintaining the property Handling problems Accounting to the owner
WHAT TO AGREE WITH THE OWNER
What you will do What you may authorise without asking How rent is accounted for What fee applies How the arrangement ends
WHY AUTHORISATION LIMITS
Repairs requiring approval for every item produce delay and tenant dissatisfaction.
WHAT TO ESTABLISH
A limit below which you act.
WHAT TENANT SELECTION SHOULD ESTABLISH
Identity Ability to pay Previous conduct as a tenant
HOW
Identification Evidence of income or employment References from previous landlords
WHY REFERENCES MATTER MOST
Previous behaviour predicts future behaviour.
WHAT TO VERIFY
That the referee is who they claim.
WHY
Fabricated references are common.
WHAT A TENANCY AGREEMENT SHOULD COVER
The parties and the property The term The rent and when it is due The deposit and its treatment What each party maintains What is permitted and prohibited How it ends What happens on breach
WHAT TO RECORD AT THE START
The condition of the property, with photographs and an inventory.
WHY
Deposit disputes are resolved on this.
WHAT TO PROVIDE THE TENANT
A copy of everything, signed.
