A tenancy agreement is signed when renting a house and is a binding contract between you and the landlord.

Apart form the higher rental cost, renting a house is similar to renting an apartment or flat.

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.

Many rental houses are bought in areas that have a consistent supply of tenants and are rented out for much more than the cost of the mortgage.

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.

A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.

When renting out your house take time to research rents in the area.

If managed properly renting a house can be profitable and rewarding.

To keep costs down before committing to a mortgage, consider renting a house.

For anyone starting employment for the first time renting a house is great option, however it’s not advisable to rent a house for the whole of your life time.