Friends of mine own, and rent out, a deceased parents property. A nice semi located in an equally nice village with all facilities on a cul de sac. Admittedly it needs some modernisation, redecorating etc, but the heating works and the roof doesn’t leak. Front and rear gardens, totally neglected despite conditions in the contract stating that it’s up to the occupiers to keep it tidy, driveway and garage.
£650 pcm and an absolute bargain. Current occupants have been in for several years, but are actively looking for a larger property but not prepared to pay much more so won’t be moving out anytime soon. My friends rent out the place privately, no agent involved, and seem to think that because of Covid are unable to increase the rent, which should be around £900/950pcm like similar properties in the area.
Any advice going forward please...they don’t want to incur agents and Solicitors fees.
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