BENEFITS OF FURNISHING YOUR PROPERTY
BENEFITS OF LETTING YOUR PROPERTY UNFURNISHED
BENEFITS OF LETTING YOUR PROPERTY PART-FURNISHED
WHAT SHOULD BE INCLUDED IN THE PROPERTY REGARDLESS OF ABOVE CHOICE
It is not a legal obligation to take out contents insurance on the furniture or other furnishings in a tenanted property although it is advised. A general common practice is to hire a third party inventory agent to carry out and document a checklist just before the tenancy starts (a copy may be supplied to the tenant upon request). When the tenancy ends the inventory agent will return to the property and carry out a check to see if the furniture and furnishings are still there.
Many letting agents recommend that you carry out a Portable Appliance Test (PAT) this ensures that all of your electrical appliances are in good, safe and working order. This test is not a legal obligation but it gives your tenants and prospective tenants added assurance that precautionary measures to keeping them safe have been taken.
Furniture must comply with the current fire regulations and all furniture must have labels displaying this.
Many agents believe that by furnishing a property you can achieve a 5-10% higher rent. However, what is never initially taken into consideration is the costs during void periods and the costs later involved in wear and tear. We suggest that it would be best to Part Furnish your property as it allows for maximum flexibility and still allows room to aim for a higher rental.