If you are considering becoming a landlord in Peterborough or have questions as a landlord in Peterborough, we are here to help. The AGT Property Management and Lettings team have a lot of experience in the Peterborough rental market. We have worked with landlords for many years and have built up a lot of experience and knowledge in this area. If you have any questions about being a landlord in Peterborough, feel free to ask us.
In the meantime, we have put together some of our most frequently asked questions from landlords in Peterborough.
Q. What Do I Need To Know Before Renting Out My Property?
It’s important that you are familiar with the local laws. This is something that we can go through with you. We can also help you in the other important areas such as setting the right rental price, screening tenants and good property maintenance. All of these things will help to achieve a successful and minimal-stress landlord journey.
Q. What Do I Need To Include In My Lease Agreement?
A lease agreement is a document that states out the agreements of the terms and conditions between a landlord and their tenants. Think about the rules you want your tenants to follow. For example, can other people stay in the property, can they have pets and so on. We have example lease agreements that we can work with you on to create one suited for your property and needs.
Q. Do I Need Landlord Insurance?
In short, yes! It protects you from loss through property damage. It means that as a landlord you don’t need to tackle the financial loss of a damaged property. You could claim liability and loss of rental, due to incidents, if they were to occur. While landlord insurance compulsory, it is highly recommended, for your own protection.
Q. Do Landlords Need To Pay Tax?
As a landlord you are obliged to pay tax on your rental income. However, you can deduct certain expenses before paying tax. These expenses include things like maintenance, insurance premiums and mortgage interest, for example.
These are just some of the frequently asked questions we get from landlords in Peterborough. If you have a question, feel free to contact our rental property specialists. We will happily answer any questions you may have.
