July 17, 2017

So, you’re going to be a landlord

You have an investment property and you’re wanting to rent it out. For most people, the idea of being a landlord is daunting.

A landlord is the owner of a house, apartment, condominium, land or real estate which is rented or leased to an individual or business, who is called a tenant.

The concept of a landlord may be traced back to Roman times where estate was owned by the Lord of the Manor, usually members of the lower nobility such as knights in the medieval period.

These days, landlords provide housing for persons who cannot afford or don't want to own their own homes. This can be both a lucrative and challenging occupation and often, real estate agents are approached to take on the day to day management of the property and its occupants.

To find out what it means to be a landlord, and the legal requirements for both the landlord and tenant, take a look at this link.  

If you’re interested in finding out more about the process in Orange, contact One Agency Orange.