To let London property mistakes – What to watch out for!
To let London property mistakes What to watch out for!
The primary reason people look for to to let London is because buying property is too expensive for them. In such a scenario, renting a living space is a much more convenient option, and one that allows the tenant to save for the future as well. However, there are quite a few mistakes people make from the legal perspective while renting a property. Let's take a look at some of the major ones.
1. Many people who have decided on renting a to let London property choose to appoint a solicitor after agreeing to the terms of the lease. Contrary to this popular belief and practice, having a solicitor from the very beginning, when no lease terms have been accepted, allows the him to advise you properly regarding what you are signing up for, and quite literally at that!
2. The terms of the lease should be read and understood properly before you sign on the dotted line. Oftentimes, people assume that the other person would be fair enough, and would have mentioned everything as it was explained to the tenant. This leads to a misunderstanding which later might swing against the tenant's favour. Hence, it is best to ask questions wherever you are doubtful to ensure that there are no loose ends.
3. There is always time before things are actually finalized, i.e., with the exchange of contracts, and you can back out without any legal or financial obligations, in case you find the deal is not worth it, or locate a better to let London property.
4. Lastly, one must always ask the solicitor regarding how much of a timescale would the transaction have. Usually, there is a gap of around 4 weeks from the date the contract is signed to when you can move in to the property, but it's always better to be sure.
Take care of these simple points, and you would have a much more safer dealing with rented properties in London.
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