As a landlord letting out a property, New Year is a great time to analyse some interesting points. Have you ever thought of listing five New Years’ resolutions solely related to the property you’re letting?
When you and your tenant sign a leasing contract at the beginning of a tenancy, it usually locks both parties into the agreement for a set period of time, whether that’s six months, a year or longer. There may be a break clause that allows either party to get out of the contract at an agreed point, but otherwise the tenancy will run for the specified time.
Traditionally, the Christmas period of November and December sees action in the housing market tail off substantially. The last few tenants of the year, whether students or connoisseurs seeking to avoid the Summer rush, have all been housed towards the end of October and beginning of November before the really cold weather starts and viewings become few and far between.