7 Major Tenants Problems with Landlord

Life is not a bed of roses. In life you face different kinds of problems. One of them is being a tenant. If you are living in a rental home then there are many problems which you can face. Many times it happens that your landlord is not a good person and he is entirely responsible for each and every problem. Some landlords manage their property by managing agents but most of them do this task by themselves. Here is a view of most common problems which a tenant faces.

1: Tenancy Agreement

Many times it seemed that there is verbal agreement between landlord and tenant. Verbal agreement is difficult to enforce because it has no any witness. When landlord and tenant agree on terms, they simply call it agreement. After that when tenant needs repair or any other issue to be solved by the landlord then he does not have any written prove so he faces difficulty in enforcing that thing. That’s why it is better to have a written agreement so that you have a legal right to enforce anything.

2: Promised Services

Many landlords do not provide the services written in the contract like gardening, painting etc. You can consult with some adviser to handle this issue if you do not want to negotiate with the landlord.

3: Interference With Privacy

Although in contract it is written when your landlord can assess you like in case of emergency or immediate repair but all landlords do not follow this. Whenever they want, they access you and interfere with your privacy.

4: Repair Obligation

Many times in spit of written in contract your landlord does fulfill the repair obligation. In this case you have to bear extra charges in a form of repairing expense.

5: Discrimination

In any law discrimination is not a legal thing against your race, gender or due to any other reason. But many times your landlord discriminates you like providing all tenants cleaning services except you because you are an Asian or a female etc. But you can apply in court against your landlord.

6: Harassment Problem

Some time landlord harasses you through different ways so that either you make to leave the home or not use your rights against the landlord. Some times he calls you at late night, accesses you whenever he wants, disconnecting supply of gas, electricity, or bills etc. If you find that your landlord is harassing you then you should report to local authority or complaint in court.

7: Other Services

Some time tenant faces the difficulty regarding water, gas, or electricity bills. If landlord has the responsibility to pay it and he does not pay on time then it’s you who will face the problem regarding all issues.

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Kitchen|8 Popular Designing Ideas

Kitchen is one of the most important parts of one’s home. Like other parts of the home every one wants to make it beautiful and attractive. We spend most of our time in kitchen while cooking and eating. So its layout and decoration is very important. There are different styles which are popular now a day. You will select style according to your choice, taste, location and of course budget. Here I am sharing 8 most popular ideas for kitchen designing which I collected from different sources. You can choose whatever style you want. These are;

•  Industrial style kitchen
•  All white kitchen
•  New rustic kitchen
•   Minimal kitchen
•   Bold colors kitchen 
•   Bohemian style kitchen
•   Modern retro style kitchen
•   Contemporary country style kitchen 

Industrial Style Kitchen

All White Kitchen

New Rustic Kitchen

Minimal Kitchen

Bold Colors Kitchen

Bohemian Style Kitchen

Modern Retro Style Kitchen

Contemporary Country Style Kitchen

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Good Relationship With Your Tenants| Few Tips

With growing economy real estate business has gotten the importance. Even if you are not in a real estate business but you have your own property then to manage it, is an art and science. There are two options if you have your own property whether in a developed or undeveloped form. You can manage it by yourself or can hire managing agents to manage your property on behalf of yours or can consult with property management companies for doing this task.

If you are one of those landlords whose major business is renting the property then there are many important things which need to be considered. Finding the good tenants, doing all tasks to mange it and keeping good relationship with them is very necessary. Your job does not end when you find your tenants but infect its just start of the game.

You are not only one who is providing renting services. Infect there are many people and companies which are providing these services. So there is very tough competition in this industry. That’s why after finding the good tenants it is very necessary to keep good relationship with them because after all they are the source of revenue for you.

When you have good relationship with your tenants then of course they will also care for your property and will create fewer problems for you. They will not harass you by creating problems. When your tenants will be happy this mean you will face less problems regarding your tenants matters.

There is an easy way to keep good relationship with your tenants. Here are few suggestions through which you can keep good relationship with your tenants. Give them welcome when they enter into your property. Give them quick response when they call you for any issue like repairing or maintenance. It shows your positive behavior and respect towards them. Communicate them regularly to keep in touch with them. This shows that you care your tenants and give value to them. It’s better to be proactive rather than reactive. When you will be proactive then it will have positive impact on your tenants. You will also get good from them in return.

Here are few tips to have good relationship with your tenants. Having good relationship with your tenants will cultivate good and positive result for both parties. 

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Becoming a Landlord |Things To Be Consider

It is often says that never rely upon one income. Always go for other source of income. There could be many source of side income. One could be becoming a landlord. But before becoming a landlord many things keep in mind like rights of landlords, rights of tenants. For becoming landlord of course there are ups and downside. So to become a landlord considers its advantages and disadvantages.

Advantages

• When landlord gives property on rent of course he receives rent. This is income for him. This income can be used to fulfil other needs like for future investment, home repair, college saving account etc.

• As property value normally appreciates so this rental property could be a future income for you and you can receive more money by selling it.

• If you receives good amount of rent then you can buy further properties so you can expand your business.

• Becoming a landlord is a full time job. It’s not an eight hour job with office setup. So you can do other work along with scheduling this task.

• When you own a property then you become knowledgeable about many terms and rules of real estate which also increases your knowledge and experience which are not taught in school otherwise.

Disadvantages

• If you have more than one tenant than some time collecting rent from them becomes tough. Definitely you will face tenants of different kind. Some will pay rent on time while others will not. One option is that you may hire managing agents to handle all these tasks but of course you have to pay some fee for it and it will become expense for you. So take all these things into consideration before becoming a landlord.

• All tenants are not to be prove good for you. Some handle your property like their own. They don’t care. So in many times you have to make repairs like flooded basement, leaky roof, broken appliances. So you have to bear expense for repairs. That is an additional cost.

• All the time conditions are not same. Some months you receive rent on time, as such no repairing work. But at the same time it may be possible that some months your home may remain empty or you may have to pay more charges on repairs or on other issues. So along with a good landlord you have to be a good financier. So that you could manage all issues in a well manner.

These were some pros and cons of becoming landlord. It’s not very difficult to become a landlord if you know rules and regulations. You have knowledge about your and your tenant’s rights and can manage other issues like repairing etc.

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Short Guide To Maintain Your Home

Home is one of the most important parts of life. People spend their time on maintenance of motor cars; same as your home also need maintenance to keep it up to date. Your home is your long term asset. With the passage of time it depreciates. A minor repair is easy and cheap until it becomes worst one.

• You can save money and can prolong life of your home by proper planning of home maintenance. If homeowner plans which parts of home need maintenance then he can save money. Maintenance requires investment. But if you planned then it will be cost effective and very less as compared to maintenance for emergency situation which require more money.

• One of the most important things is to understand your property. After that you can make a plan according to your property’s nature. Your home is traditional or modern. If your home is traditional then probably there will be less protection for moist control. Although it has good ventilation system but insulation level is low. While in modern homes although ventilation system is not as good as in traditional homes but it has good insulation system. Moreover there are many methods which are used to control moist transfer. One thing is worth noticing that using modern materials you can minimize your maintenance cost. For example you can control moisture transfer if you cover walls with hard cement material.

• There are many parts of home which require maintenance but you should identify some principle areas which can cause major problems if not maintained properly and on time. In most of the case roof can cause serious problems because it has many hidden parts which are normally not very visible. But through proper inspection you can minimize this risk.

• Identify defects and their cause. There are many features which can add maintenance like basement, balconies, tall chimneys, skews, windows etc. If you properly understand features of all of them then it would be easy for you to make plan of home maintenance.

• After knowing your property and its features now you are in a position to make proper plan. Structured approach is a good way. Checklist of every item is good that which parts need inspection. Decide about frequency of each part. It will help you to analyze which parts needs inspection and after how much time. It is also a part of plan that you will do inspection yourself or will consult with professionals. You can take help from property management companies. Draw up plan and keep as a record to check for future.

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Renting Vs Buying a Home

Many of you have property. Often a time comes when you have to rent a property or buy it. This could be due to many reasons. Whether you rent a property or buy it there are many pros and cons. So always evaluate them in order to take final decision. Here are some pros and cons of renting or buying a property. 

Advantages of renting a home

• When you rent a property then there is no need to pay any tax.
• You just pay small amount of deposit instead of paying lump slump.
• All types of maintenance are responsibility of owner or its managing agents.
• If you buy the home then it is difficult to move immediately. But when you rent a home and you don’t like the area or any other thing then you can easily move to some other location.
• There is no need to pay building insurance.

Disadvantages of renting a home

• You can not enjoy the ownership of home.
• Rent of home can be increased whenever property owner will want.
• You can not make any structural change as you are living in a rented property.
• You have to leave that home whenever home owner will say. Some time it’s on such a short notice that it becomes hectic for you.
• It is possible that your payments may not be covered with rent amount.

Advantages of buying a home

• Buying home can be a good investment especially when prices rise.
• As it is your property so you can make any structural changes. You can decorate it according to your own choice.
• You can borrow against your home.
• It’s totally your decision that when you sell or move.
• You can save yourself from monthly hectic of paying rent.

Disadvantages of buying a home

• You need to pay lump slump amount when you buy home as compared to renting where you pay small deposit.
• You are entirely responsible for any type of maintenance and repair.
• When you buy the home then you must pay any legal charges like tax, stamp duty and solicitor charges, registration fee etc.

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Leasehold Property/ Advantages & Disadvantages

Property management has become an important business with the passage of time. If a common person does not have time to manage his property then there are many property management companies which are providing these services. In UK many people live in flats so flat management is one of the important aspect of property management. Flat management companies basically make easy all aspects related to lease property.

If you are living in flat which is a lease property then you have to consider many things. As in case of a lease property you just have right of ownership of property for a fixed period of time but not have a right to own a land so you must consider many things which are part of contract like time of expiration the lease property, right of way, and access, enforcement and maintenance covenants, rent details etc. When you own a lease property it has advantages as well as disadvantages.

Advantages

• Leaseholder can enjoy the right of ownership for specified period of time. He has a right for physical structure including roof, walls, and entire piece of a land.

• Leaseholder saves himself from monthly payment of rent hectic because normally for lease property rent is paid either annually or in lump sum amount.

• Repairs expensive are normally included in rent amount. So leaseholder does not pay any separate charges for normal repair of water pipes, electric lines, broken drainage, locks and any other parts of the flat.

Disadvantages

• One of the major disadvantages of lease property is that you can not make any structural changes in flat. As you just have right of ownership for fixed period of time but not own a land so legally you are bound not to make any structural change in the property.

• As lease agreement covers rent as well as many duties which are enforceable so some time it becomes costly for a leaseholder when he fulfills those duties.

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