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Renting out my house - what do I need to do?

teachertrixibel · 2008-10-05 15:54:26

Hi there, I'm thinking about renting out my house and have someone coming to view it next week. What do I need to look for in terms of deposit, rent up front etc? Also, where would I get a copy of a lease agreement that I could use? Anything else I need to know??? Cheers, Trix

05-10-2008 3:54pm

#1

teachertrixibel

Registered Users, Registered Users 2 Posts: 108 ✭✭

Join Date: July 2008

Posts: 74

Hi there,

I'm thinking about renting out my house and have someone coming to view it next week. What do I need to look for in terms of deposit, rent up front etc? Also, where would I get a copy of a lease agreement that I could use?

Anything else I need to know??? Cheers,
Trix

0

Comments

#2 05-10-2008 5:53pm

the_syco

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Read this: http://www.prtb.ie/landlord_pubregfaq.htm

And some of the links from http://www.boards.ie/vbulletin/showthread.php?t=52883

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#3 05-10-2008 6:29pm

doctor evil

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Is this longterm or short term?

If long term don't get into the mindset of 'how dare they change anything@', treat it as a house you rented out rather than your personal home.

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#4 05-10-2008 11:43pm

Victor

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Will you be still living in the house?

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#5 09-10-2008 1:44pm

malpas

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good advice above..a few other key points..no particular order.

get references, home addresses, tel nos. of all tenants and talk to previous landlords .

get deposit of one month's rent .

get rent paid 1 month in advance (ie. you should get 1 month rent on the day they move in).

Ideally get tenants to pay via bank standing order into your bank account.
register tenancy with PRTB (cost €70 application form on their site).

you may be liable for tax on rental received (less allowances such as mortgage interest, expenses etc) and should declare to Revenue.

get all the PRTB explanatory leaflets and familiarise yourself with the many legal aspects of the Residential Tenancies Act 2004 ..this is very important as it is a legal and procedural minefield..get copy of Act if you really want to understand it.

make sure you have a proper lease drawn up and signed by all parties, to include a contents list. Your solicitor can help as they are fairly standard.

make clear your expectations regarding noise, condition of premises, garden, refuse removal, inspection visits, service charges, ESB, telephone..lease should include all this and more.

That's my 2 cents..probably a lot more. Be professional, treat it as a business and treat your tenants with respect.

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