Landlords in Exeter
The city of Exeter, Devon, has a lot to offer its growing 120,000+ population. It’s still heavily a farming-focussed area, yet has a modern city centre and a youthful culture centred around Exeter University.
The growth of this city could well translate into a sterling opportunity to benefit from buying a property to let out, to either the burgeoning student population or young professionals and couples, eager to find the right balance between a quiet area to live, a good commute to work and a metropolitan area for socialising with friends in the evening.
According to Right Move, the recent property averages for Exeter are £233,252 for terraces, flats £160,939, and semi-detached properties £251,392. The area shows good growth, so in addition to good rental yields, should you sell up a few years down the road you will likely have added a decent amount to the value of the property.
Here at Hunters Exeter, we’re here to help you with every stage of the letting process. One of the most important stages, of course, is found in the drawing up of the letting agreement, which is why we include some guidance for our landlords here.
Your tenancy agreement is the legally binding contract between your tenants and yourself as the landlord. The contents of the agreement will form the conditions of the let.
The Assured Shorthold Tenancy Agreement (AST) is the most common form of tenancy agreement. Both the rights of the tenant and the landlord will be made clear in this document, the most important of which being that you, as the landlord, will retain full right to repossess the property at the end of the agreed term of tenancy.