Guesthouses khao san road Should you go ahead, or is it best to let tenants bring their own furniture? September 2, 2014 The first thing to understand is that there are no strict rules guiding whether a landlord should furnish a property. It's guesthouses in camps bay completely up to you whether you offer it with nothing but bare walls and floorboards, or every possible kind of furniture, appliance, tools, kitchenware, bathroom scales and magic lanterns. Nevertheless, the decision to guesthouses khao san road let a property furnished or unfurnished will make a difference to your chances guesthouses salisbury of finding a tenant and the kind of tenant you will attract. The positive things about furnishing a property include: It saves tenants money, since they don't need to buy furniture You alnwick guesthouses may let the property guesthouses in ermelo more quickly guesthouses khao san road than an unfurnished property, because (generally) there are more tenants looking for furnished lettings When the tenancy ends, you will still own the furniture chester guesthouses and can use it yourself, or offer it to future tenants You can deduct a percentage of guesthouses khao san road galway city guesthouses the cost of the goods from your tax liability The positive things about letting an unfurnished property include: Tenants who buy their own furniture may stay for longer periods, since they have made an investment and moving could be complex and expensive Tenants may be happier with their own furniture and less problematic for you You are not responsible for insuring tenants' furniture or any other items they bring into the property You have no concerns over wear guesthouses pattaya and tear if the property is let unfurnished A third option is to let a property part furnished, which is guesthouses guesthouses khao san road in whitby a term completely open to your interpretation. You could put in everything except beds (guesthouses rambuttri since many tenants have guesthouses khao san road their own beds) or you could show the property to potential tenants, offering them guesthouses khao san road the choice of whether to have additional guesthouses khao san road furniture or not. Lettings agents favour this option, since it kent guesthouses gives the greatest flexibility and therefore makes it easier to find tenants. Ideally, there should be enough furniture that the property looks 'lived in' and functional, but not so much that the place is cluttered.
Having too much of a landlord's furniture crammed into a property is off putting. Some landlords have a range of properties, allowing them to spread their furniture around. Others hire warehouse space guesthouses khao san road to store furniture in case it is needed in future. In general, landlords with larger apartments or houses tend to let them unfurnished, since tenants are likely to be guesthouses khao san road older and may have families, along with their own furniture. Smaller properties are more often furnished and attract younger, more dingle guesthouses mobile tenants. Insurance issues You are not legally obliged to take out contents insurance on guesthouses khao san road the furniture and other items in a tenanted property, but you are well advised to do so.
A common practice is to hire an inventory agent who will make guesthouses khao san road a detailed list of everything in the property before the tenancy starts. When the tenancy ends, the agent will return to check that everything is still there and make a note of any damage or guesthouses khao san road wear and tear. There are rules of thumb guiding how much a landlord can charge a tenant, for example for stains on carpets or chipped crockery.
You are not allowed to charge tenants the tamworth guesthouses full cost of replacing items suffering from guesthouses khao san road samui guesthouses normal wear and tear.
See the Association of Residential Letting Agents information pages for more details. Not all insurance companies offer insurance for tenanted properties and those that do will commonly charge a premium over contents insurance for your own (non tenanted) property. And if your property changes status, from owner-occupied to tenanted, it is the landlord's responsibility to inform the insurance company. Safety standards Lettings agents recommend that you carry out a Portable Appliance Test, which ensures that all your electrical goods are in good order and are safe. This is not a legally required lest, but is helpful to assure guesthouses northumberland potential tenants that you blue mountains guesthouses take their safety seriously.
Furniture, however, must conform to the legal fire resistant standard - all fabric furniture such as sofas and armchairs must have labels proving that they meet this standard.