When there is more than one tenant named on the tenancy agreement, problems can arise when one of the tenants chooses to move out before the end of the contract. If the tenant simply leaves, they are still responsible for their share of the rent. Fortunately, if correct notice is given, it is possible to draw up new tenancy agreements and avoid breaches of contract.
Royal Docks is a thriving area of East London, generating a great deal of interest from investors and tenants alike. Location, transport links and high quality developments make the area increasingly popular, with the result that the Royal Docks housing market has grown substantially since 2011.
For landlords to achieve the best return on their property investment in East London, it’s important to buy the right type of property for the area.
In Bow, one-bedroom flats make up 40% of the rental market, a statistic which gives buy-to-let investors a clear direction when choosing the type of property to buy.
There will always be a high demand for rental property in London. Many young professionals come to the UK capital to work, but often choose a temporary, rented home rather than putting down roots. Renting offers young professionals the flexibility their lives demand, while landlords benefit from the continued demand for rental property.
The Vauxhall Winter Village is just one example of what makes SW8 such an appealing area for people hoping to buy or invest in the London property market. Fun, festive and a little bit different, the Vauxhall Winter Village offers delicious food and an apres-ski atmosphere for locals and visitors alike.
Open plan flats and studio apartments are a popular choice for buyers in the London property market, and make up a significant portion of many new developments.
Large spaces provide a great showroom for statement furniture and artwork, while a free-flowing home is ideal for entertaining.