The economic crisis have made people compromise on several grounds
. Buying property is one of them. Due to unpredictable real estate market, people are opting to stay in rented property without investing much. In such situations the landlords get affected most. The landlord has several responsibilities of which maintaining the property is the uppermost one. The requests of the tenants should always be catered to. The property should be maintained in such a way to make decent living possible. Let us jot down some standard obligations to make the property livable. The facilities of the home should be convenient to the tenant and sanitation should be checked. The drainage, electricity, water supply, sewerage and disposal facilities should be in working condition. Health safety should be maintained. The cooling and heating systems should be suitable for human living. The interior of the property should be free of all pollutants like sewer gas or CO. The property must be in good condition to sustain against extreme weathers. The roofing, basement and foundations should be in good condition. The rental agreement must be well written and transparent enough. It should clearly state all terms of tenancy and consequences of defaulting. Rent increase or other changes must be clearly mentioned. If the tenant continues with errant payment of rent the landlord must take proper actions against him. But the tenant must be provided with suitable notice of expulsion and ample time to vacate the property. The landlord should be aware of the laws pertaining to such cases and take proper actions. These responsibilities should not deter a landlord from lending out his property. Letting out is a profitable venture if handled properly. The landlord will get tax benefits also for this. Instead of handling these responsibilities themselves, landlords often handover this to responsible letting services who will manage all aspects. Such letting companies conduct all services related to renting. All the day to day issues will be taken care of by these companies. You do not have to take any hassle nor spend your precious time on petty issues. Several such companies exist in the market. You only have to find the one that suits your requirements. Issues like maintenance of the property or any repair will be handled by them. If you want they can provide you with quotations for such work. These companies work on 24X7 basis and are always available for queries or emergency calls. The tenants can contact them through emergency numbers.