1. Introduction to leasing your house property

There are a number of reasons Lease my house you might want to  lease your house property. Perhaps you're moving to a new area and need to sell your current home, but don't want the hassle of finding a new tenant. Or maybe you're looking for a way to generate income from your property without having to go through the hassle and expense of becoming a landlord.

Whatever your reasons, leasing your house property can be a great way to make some extra money. But there are a few things you need to know before getting started.

First, it's important to understand the difference between leasing and renting. When you lease your property, you're essentially giving someone the right to use it for a specified period of time, typically one year. The lessee is then responsible for paying all the bills associated with the property, including mortgage, insurance, taxes, and utilities.

Renting, on the other hand, is more like a traditional landlord-tenant relationship. The tenant pays you a monthly rent, and you're responsible for paying the bills and maintaining the property.

One of the biggest benefits of leasing your property is that it can provide a steadier stream of income than renting. That's because the lessee is responsible for all the expenses associated with the property, so you don't have to worry about vacancy or repair costs.

Another benefit is that you can often get a higher lease rate than you could get by renting the property out. That's because the lessee is usually looking for a long-term arrangement, and is willing to pay more for the stability and peace of mind that comes with a lease.

Of course, there are also some downsides to leasing your property. The most obvious is that you won't have any control over who lives in your property or how they take care of it. And if the lessee stops making payments, you'll have to go through the eviction process just like any other landlord.

Leasing your property can be a great way to generate income without the hassle of being a landlord. Just be sure to do your homework and understand the risks and rewards before getting started.

2. The benefits of leasing your house property

2 The benefits of leasing your house property

There are plenty of good reasons to lease your house property – whether you’re a homeowner looking to make some extra money, or a landlord seeking to minimise your void periods.

Leasing your house can be a great way to generate extra income, especially if you live in an expensive area or have a large property. It can also be a more flexible arrangement than renting out, as you’re not tied in to a long-term contract.

There are also a number of tax advantages to leasing your house. Landlords can deduct the cost of leasing from their taxable income, and in some cases may be able to claim Capital Gains Tax relief.

If you’re thinking of leasing your house, here are some things to bear in mind:

Check your mortgage terms first

Before you enter into any lease agreement, it’s important to check your mortgage terms and conditions. Some mortgages prohibit or restrict sub-letting, so you’ll need to get permission from your lender before you go ahead.

Get your property valued

It’s a good idea to get your property valued before you start marketing it, so you have an idea of how much rent you can realistically expect to charge.

Choose your tenants carefully

As a landlord, you’ll need to carefully vet any potential tenants to make sure they’re reliable and will take good care of your property. It’s a good idea to take references and conduct credit checks.

Draw up a watertight lease agreement

Once you’ve found suitable tenants, it’s important to draw up a watertight lease agreement. This should spell out the rights and responsibilities of both parties, and set out the terms of the lease.

Be prepared for void periods

Even if you carefully screen your tenants, there’s always a risk that they may default on the lease or damage your property. It’s important to be prepared for this by having a buffer of savings to cover any void periods.