| FAQs |
 |
7 result(s) found |
|
| |
| Question : When I buy a property to let and there is a tenant in the property do I have to grant the tenant a new lease? |
| |
| Answer : No, you only need to grant the tenant a new lease when their tenancy comes to an end and they wish to stay in the property see below for the difference between a periodic tenancy and a fixed term tenancy |
|
|
| |
| Question : Buy to let is 10 years old and more does it have a code of practice? |
| |
| Answer : Yes it does have a Charter and this can be found on the ARLA web site. You can find it under 'useful liks'. |
|
|
| |
| Question : What is an AST? |
| |
| Answer : An Assured Shorthold tenancy which is for properties where the annual rent does not exceed £25,000. There are a number of regulations surrounding an AST which need to be understood. Your Buy to let Plus agent should be able to explain the details to you. |
|
|
| |
| Question : What does Gross Yeild mean? |
| |
| Answer : Gross yeild is the percentage return the annual rent gives without any deductions when considered as a percentage of the purchase price. |
|
|
| |
| Question : What is a Net Yeild? |
| |
| Answer : This is the percentage return achieved against the original purchase prive having deducted all the costs of management repairs mortgage interest etc. |
|
|
| |
|
1
2
[next]
[last]
|
