Many landlords are renting their properties on a room by room basis.
Demand for bills included rent has increased in recent years.
In fact, millennials’ tenancies make up 14 per cent of tenancies in the UK and bills included rent is a high priority for them, when they’re choosing a place to live.
What should you include?
What you choose to include is completely optional.
A Bills Included Rent agreement can include
- council tax,
- wireless broadband,
- TV licence,
- as well as a cleaner and gardener if you wish to hire their services on a regular basis for the upkeep of the property.
Is there a way to control gas central heating?
Factor the consumption cost into the rent depending on the type of tenant you are renting to prior to the move in date. Also, try to factor in seasonal changes. In fact, tenants will use more over the winter months.
For instance, if you are renting a property to five university students, you may need to factor in a higher gas bill in the total rent. In fact, most students only have 8-12 hours of contact time with time spent in lectures, seminars and workshops a week. This means they will likely spend more time inside the property than a house of young professionals.
You should only question the heating and gas consumption if the bill is excessively high or if you have reason to suspect that the gas is being used for something other than cooking, heating, and hot water. You could also provide a limit in the tenancy agreement, with any additional costs being passed on to the tenants.
What about the overuse of telephone/ internet bills?
Most leading internet providers include unlimited internet usage as part of the monthly payment. Take out a contract with a provider who offers unlimited usage. This way, you will prevent your tenants from racking up any additional costs.