Trade Up: Let Out House First

Yes you can but getting a tenant to leave is another story. I know of a case currently ongoing four years now and the landlord still cannot get the tenant out.
And how does a tenant over-holding relate to their rights here?
 
Hey, look at what they do for a living would be a start
Humans are very good at building traps ie their own worst enemy. No mouse would have invented the mouse trap yet humans discovered the atom bomb.
Make sure you know what their plan is to leave and when and evaluate the risk of them not accomplishing that.
Ie will they get a mortgage, outgrow a one bed apartment , are they attractive enough to get a life partner , will they have children etc
 
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Hey, look at what they do for a living would be a start
Humans are very good at building traps ie their own worst enemy. No mouse would have invented the mouse trap yet humans discovered the atom bomb.
Make sure you know what their plan is to leave and when and evaluate the risk of them not accomplishing that.
Ie will they get a mortgage, outgrow a one bed apartment , are they attractive enough to get a life partner , will they have children etc
Sorry, but that's just nonsense. Current occupation is not a reliable indicator of honesty.

Attractive enough to get a life partner? Are you actually being serious?
 
Sorry, but that's just nonsense. Current occupation is not a reliable indicator of honesty.

Attractive enough to get a life partner? Are you actually being serious?
Tongue in cheek, point is double and triple check they have a plan to leave.
Interestingly a friend of mine rented his one bed apartment to 2 gay men, no issue there, trouble was 15 years later they were still there and the rent was locked in at peanuts as they were very nice and polite and never created any issues. In the end he was forced to sell to the council at full market value and evict the tenants. He bought another apartment with the money.
 
Tongue in cheek, point is double and triple check they have a plan to leave.
But again how do you double and triple check this? You still haven't provided any real detail on how you think it is possible to vet people to ensure you eliminate any potential for over holding in the future. People looking to rent a property will tell you what you want to hear, it is impossible to verify people's future plans.

Interestingly a friend of mine rented his one bed apartment to 2 gay men, no issue there, trouble was 15 years later they were still there and the rent was locked in at peanuts as they were very nice and polite and never created any issues. In the end he was forced to sell to the council at full market value and evict the tenants.
Your friend managed a rental properly very badly. how does that relate to vetting potential tenants or tenant rights?
 
But again how do you double and triple check this? You still haven't provided any real detail on how you think it is possible to vet people to ensure you eliminate any potential for over holding in the future. People looking to rent a property will tell you what you want to hear, it is impossible to verify people's future plans.


Your friend managed a rental properly very badly. how does that relate to vetting potential tenants or tenant rights?
How was it managed badly? After 15 years where you have an average of 5% inflation but capped at 2% rises, your rent increases are 50% below inflation in that period. That's if you follow the law. What should you do, to consider the property 'managed well' in that scenario? Dump them out every 5 years?
 
How was it managed badly? After 15 years where you have an average of 5% inflation but capped at 2% rises, your rent increases are 50% below inflation in that period. That's if you follow the law.
Hint, that law didn't exist 15 years ago!
 
Don't go down the tenant road - too much hassle and you will pay at least 50% of your profit to Revenue.
 
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