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Tips for managing your tenancy in Nigeria 

Are you planning to let out your property? While finding tenant you need to be careful because it is difficult to keep visiting your property to ensure that your property is maintained by tenants consistently. There are both bad and good tenants exist in the renting market.

This market has tanked and plenty of people get stuck in the process of finding good tenants for their property. Although there is no foolproof screening way to be sure that tenants will take good care of your home. However, here we have some tips which will help to ensure your tenants are taking good care of your property.

Tips to find out decent tenant to rent your property

Do you want to know some important factors which can help you in this process? Here are some things which you can consider to get more benefits in this regard:

Keep written records of everything

This is one of the most important factors to focus on. The best way to avoid any conflict is keep the things recorded in written form. Although it will increase a bit of your work but this will also keep you from any dispute later. Therefore, it can be worth the trouble for you.

Important tip: While keeping the written record make sure to get benefit of technology and capture pictures or videos of your findings. By this way, no tenant will dispute necessary security deductions.

Ask for a large payment deposit

When it comes to rent out your property then make sure to have at least 2 months’worth of rent advance as deposit. Also, make it clear that in case of any damage equivalent amount will be deducted from this deposit. This will ensure that your tenants will take good care of your property. In this way, a large deposit can be helpful for you.

 

While renting out your property finding a decent, right and appropriate tenants are highly important. Because giving a part of your property on lease always needs surety that you are choosing right people for this. However, to make sure you are going to find a right person, consult your opinion with your prior landlord. He is experienced in this matter and is capable of giving you right advice in this regard.

Build a good relation with neighbors

Your neighbors can be all ears and eyes of yours for your tenants. Therefore, building positive relationships with the neighborsare worth considering in this regard. Because they will not only keep an eye on your property but will also let you know in case of any mishappen with ease.

Regular inspection is always important

Although it is difficult to visit your property daily but still regular inspection is important. Therefore, make sure to keep visiting your property at least once amonth. This will increase trustworthiness and will help you in longer run with ease.

So, these are some important things which you can do while renting out your property to ensure you are giving your property in good hands.

For more information visit here :  https://propertyexpert.ng