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Landlord & tenant
Renting out your property can be a great source of income, but it can be a legal minefield. You may be liable to pay tax on the income you earn, or a disagreement may occur between you and the tenants. The best way to avoid these situations is to take legal advice from the start. With over 20 years' experience, Edward McCourt & Company LLP of Watford are equipped to deal with any questions or problems you may have.
Understanding the tenancy agreement
A tenancy agreement is a contract between you and your tenant. This contact can be either written or verbal, but we would always suggest creating a written agreement. It could prove invaluable should a dispute occur.
The main advantage of having a written agreement is that it sets out your rights and responsibilities as a landlord and the rights and responsibilities of the tenant, in a way that is legally enforceable.
Preparing a tenancy agreement
Edward McCourt & Company LLP of Watford can guide you through the entire process of prepapring a tenancy agreement. We can also:
- Advertise and find tenants for you
- Reference and credit score prospective tenants
- Obtain a rent and legal expenses cover guarantee
- Offer advice on which tenancy agreement is right for you
- Draw up or check a tenancy agreement
- Deposit your tenants deposit within an approved scheme
If you need advice, or have any questions, contact us
today.
