You should include a number of elements when writing a letter to inform another individual that you are planning to rent out your shop lot. Firstly, you should include details regarding both yourself and the shop lot in question. Then, you should explain that you are putting the shop lot up for rent, and how much you are looking to put it up for. If the person you are writing to may have an interest in renting your shop lot, you should extend to them an opportunity to view the shop lot and express that you hope they will consider the possibility. Finally, you should round the letter off my offering your best wishes along with your contact details.
- The benefits of renting a property
The main benefit of renting out a property is obvious. You will be provided with another source of income from your new tenants, which could be a prominent monthly amount. In these economic times, it can be difficult to make ends meet, and new ways of making money are welcomed by many. If you aren't currently using a property you own, you should seriously consider renting it out in order to make some extra cash.
- Precautions to take when renting a property out
Whilst renting out a property will bring in some extra money, there are precautions you must take to avoid the idea ending in financial disaster. Firstly, you should do all you can to ensure your new tenants are reliable and trustworthy - and most importantly, able to pay rent when it is needed. Whilst this can be difficult, there are a number of measures you can take, including contacting their previous landlords and requesting employment information. It is advisable to take out specialist landlord insurance in case of emergencies.
