subject: Flat To Rent A Good Source Of Monthly Income [print this page] By renting out spare rooms or a portion of unused house as a flat, the house owner gets a monthly or weekly rent which is useful in saving for future contingencies and the home seeker gets the much desired flat he or she wants. It is even more helpful if the house is located in a big town or metropolis where cost of living and property rent is always more than the smaller ones.
Thousands of people come to bigger cities in search of livelihood and better career prospects and get relocated there. For a living accommodation they look for flat to rent and letting out the unused portion of house or the house which is not going to be used in the near future can help these people. Letting out a house or an unused portion also helps the house owner in protecting their property from anti social elements who can misuse the property for their suspicious and unlawful acts. The tenants in that house or the portion will also keep the property clean and maintain it properly.
The most common people who come to bigger cities and require a flat to rent include salaries people with transferable jobs, students who wish to pursue higher studies which is not available at the place they belong to, self employed and businessmen who seek better opportunities and the skilled workers.
To meet the growing demand for flat to rent many modern houses these days are constructed with future planning where the spare space is separated as an enclosure with the main house with separate entrance to accommodate flats which can be rented out to the needy people which enables the house owner a substantial monthly income from the rent. A flat can be rented out for a period of few years with a condition of renewal on the basis of timely payment of rental and good understanding between the tenant and the house owner. The rent can also be hiked from time to time as per the written agreement between the two.
