Hi everyone,
I am going to ask a very amature question. I was wondering what are the advantages/disadvantages of both with Residential property.If you lease a property to a tenant does that mean they will pay the outgoings – maintainence/water rates so on?
Is there any advantage to a lease over renting in regards to evicting tennants so on?Any help would be appreciated.
Cheers
DanDan,
Did you mean amateur question?Water rates ,insurance, council rates and Maintenance – landlord pays all costs with residential. You may be able to get tenant to pay excess water charges.
If you insure the rental payments with a landlords insurance policy you might need to have a lease agreement to be able to claim lost rent on the insurance.
Doesn't make it easier to evict someone but a lease may make it less likely the tenant does an abandonment of your property.
I feel that you may have had a commercial property mindset or past experience where as residential property has different rules/ laws and tenants have more rights.
Hi Duckster,
Thanks for the response. Amature, Amateur- I am too lazy to use spell check. Funny – since I have been in IT my English has gone doooooooown hill.I have had a bit of experience in commercial propery from when I ran my business. I learn't that commercial real estate agents really play hard ball which is why I asked about the eviction/rates.
Thanks again for the response.
Cheers
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