Consider Leasing

Renting or leasing, they basically mean the same thing. The only difference is the duration of time a property is being rented. An agreement can be called a lease if you are renting it for more than a year.

If you plan to sell your house for a little cash crunch or for relocating reasons, it would be a wise decision to lease your house to a tenant or a corporate agent for a couple of years.

Here are some advantages of leasing your house.

  • You can plan to return in the near future
  • Avoid expenditure on repair costs as it will be taken care by the tenants.
  • Community maintenance will be taken care by the tenants.
  • Helps in long term financial planning.
  • Upfront bulk cash flow can be expected.