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The main disadvantage to renting a house is that the rent you pay goes to the owner of the property and nothing is for yourself is gained other than a place to live.
Before you rent a house make sure that your insurance covers your house as a rental.
Renting a house can sometimes be expensive and establishment costs should be considered when moving.
Although a bit more expensive than a mortgage renting a house is a very feasible option.
A tenancy agreement is signed when renting a house and is a binding contract between you and the landlord.
When renting out your house take time to research rents in the area.
Try to make your tenants feel at home, when renting a house it’s beneficial to have the tenants staying for as long a possible.
Apart form the higher rental cost, renting a house is similar to renting an apartment or flat.
In general renting a house is a lot less complicated than buying.
Consider renting a house similar to borrowing a book from the library. The house should be ready for you when you move in and should be returned in the same condition as you found it.
It is predicted that the strong interest in the Buy to Let market will continue. See our Top 10 Buying to Let and Renting Tips. 26th August, 2006
With the continuing growth in the housing market, it still Buying to Let or Rent seems a good bet as an alternative to a pension fund for retirement funding. 19th August, 2006
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