Contract signing and legal paperwork
Details of the types of contract that are available have been
discussed in the
legal section. The signing of the contract is also important. It is
imperative that all parties are present together to sign the contract
and it is dated to coincide with this signing. Make absolutely sure all
monies due (rent and deposit) are paid in full. Any other parties
allowed to live at the property (e.g. children) should also be noted on
the contract. There are various other important procedures but both the
formation and signing of the contract should be taken seriously.
The landlord should print two copies of the contract and sign both. One
copy is to be signed and returned to the landlord. The other is for the
tenant’s records. It may be worth pointing out the main terms just one
more time but the contract will already have been with the tenant for
some weeks in draft form. Once the contract is signed, provide the
inventory list and explain all
the procedures regarding the checking and return of the inventory list.
Once the contract is signed the deposit should be registered immediately
and the various certificates forwarded to the tenant along with the
EPC, gas safety check and any other
relevant documents. These should all be forwarded by e mail.
Buy2LetExpert likes email. All important documents can be sent this way
and the emails kept on record. There is then in effect clear evidence
that all appropriate paperwork has been provided. Consequently any
disputes (either informal or formal) are more likely to be quickly
resolved in favour of the landlord.
But2LetExpert always keep a clear trail of all paperwork no matter
whether it related to reading utility metres or to contract issues. We
record and scan everything we can. Any disputes are usually quickly
resolved in our favour simply because we keep excellent records. It is a
simple discipline but one that does require time and organisation.
next >>> |

Maximisation of rental potential for
the minimal investment
|