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Every client of Windrush’s is purchasing a property for a number of reasons, maybe investment, maybe both, however if you do not intend to stay long term in your property, long or short term rentals can do everything from deliver a substantial income from your investment to simply covering some of the costs associated with ownership.
Many clients are now realising that this is the best way forward. To this end we have developed a network of partners to allow us to offer this as an added solution to people who need to know exactly how much money they will be receiving month in month out. We vet potential tenants stringently and make sure all the possible checks and safe guards are in place to allow for a smooth running property.
We will also do the appropriate checks on the property should Windrush Alliance take on a property that they haven’t sold.
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Are you legally allowed to let your property on a short term basis.
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Have you obtained liability insurance to cover you for any damage caused by guests, as well as standard buildings & contents insurance.
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Windrush will also check that your property adheres to all of the security measures required by your insurance policy such as specific door locks, alarms or window locks.
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You will need to pay tax on income from your property. The UK has double taxation agreement with Italy to prevent you from paying twice.
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Check for variances in non-resident & resident status if you spend the majority of your time outside the UK, as this could save you money.
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