When you buy or sell a property, you need to have a conveyancer. The conveyancer will deal with the legal side of buying and selling properties, carrying out all the legal administration so that the property can change hands as it should. It is a specialist skill, and a good conveyancer is invaluable.

When you use an estate agent, they will usually have a conveyancer they work with. This is fine if you want to use them and are happy with their experience and prices. However, you shouldn’t feel obliged to work with the conveyancer the estate agent recommends. The conveyancer will usually pay the estate agent a fee to work with them, so the relationship benefits them both. Do your own research and find a conveyancer you are happy and comfortable with, especially if the property sale is going to be more complex. You may need to pay more for a good conveyancer, but it will be money well spent.

Freehold and leasehold refer to different types of ownership on a property. As a general rule, people consider freehold to be superior as it has no restrictions. If you own a freehold property, you will own the building and also the land that it sits on. This ownership is forever and you will be able to pass the property on to other members of your family.

Leasehold ownership means that you own a property but you do not own the land that it sits on. The lease is also only for a certain period of time, often 99 years. When a lease begins to get shorter, the property loses value. If you try to sell a property that only has 10 years left on its lease, it will be much lower in value than a property with an 80-year lease. Flats are usually leasehold, meaning that someone else owns the land and the building.

A wise investor  knows the importance of keeping their investments in a better condition. Doing so helps them to maintain their value and allow people to rent them when available. After a long time, some problems start to appear in your property investments. This needs to pump in money and effort to correct the mistake. To property owners who are busy, all they have to do is contract the property management companies. Investors who choose to work with management services get the following benefits.

Good management of tenants

A busy property investor has no time to meet their tenants even in emergency situations. This can take time to carry out inspections needed by the tenants. A property service manager is hired to act as a go between. The service companies take notes and problems from tenants, and then call the contractors to repair the damages. Incase the tenant takes you to court, the management service stands on your behalf i during the proceedings.

Experience and knowledge

Hiring the property management services for your investment brings in a wealth of experience and knowledge. The management company understands the tenancy laws and trends in property. With their knowledge, they give their clients expert advice to matter rent and the amount to charge for each property. Additionally, the management service advises the property owners on the best way to get new tenants.

With over a third of households renting in England and Wales, we thought it would be best if we give our two most important suggestions when it you move into a new rental property.

1. Check to see if you have contents cover as soon as you move in. You don’t need to worry about buildings insurance as your landlord is responsible for this, but contents insurance is very important. Prices can also differ depending on whether you’re living with family or if you’re house sharing.
2. Before you give over your deposit, double check to see if it’s protected. If you’re in an assured shorthold tenancy, then your landlord has to put your deposit into a scheme within 30 days or a court can order them to pay you a penalty of up to three times the deposit (in extreme cases).