At Manx Living we love all things property related and we want to keep our users up to date with the state of the Isle of Man’s property market. Knowledge is power, right? We’ve listed all of the standout points which we hope will help you to understand where the Isle of Man property market…
When you’re selling a property, it’s important to tackle the negotiation in a professional and balanced manner. The advice here should help you ensure that you achieve the best possible outcome. Consider Each Offer Carefully Fast decisions are often bad decisions; so, take the time to consider any offers carefully. It may be that you…
Standing order An instruction, issued by the account holder, to their bank, detailing a regular, ongoing payment which should be made from their account to a specified individual or company. Unlike Direct Debits, the amount and schedule are typically fixed. Standing orders are the commonest way of paying rent – Direct Debits are seldom used…
Initial Term The tenancy’s first period – typically 6 or 12 months in duration. Inventory A list which lays out the property’s contents. It’s normal to create an inventory which can be referred to when the tenant ‘checks in’ and ‘checks out’ of the property. The inventory should ideally include a description of the condition…
It’s difficult to build a clear picture of a property in a single viewing, which is why most house-hunting experts recommend making 2 (or more) visits to a prospective new home. On your first viewing, you’re more likely to be influenced by your heart, rather than your head. This isn’t always a bad thing, since…
It’s important for landlords looking to expand their property portfolios to be aware of the issues that this can involve, and to take the right steps to ensure their expansion is a success. We’ll start by looking at some of the questions you should ask yourself before taking the plunge: First, consider whether you have…
Wanting more space to create your individual ‘forever home’ Each of us have different priorities and visions when it comes to creating our true dream home. For some of us it’s a simple as wanting more storage at home while others dream of having a beautiful garden to enjoy or an extra bedroom. Often the…
Deposit Landlords will ask new tenants to pay a tenancy deposit to cover damage or unpaid rent. The deposit is usually the equivalent of six weeks rent but the landlord can choose to set the deposit at any amount. Dilapidation Damage to a property or contents that is considered to be more than acceptable wear…
Searching for a rental property can feel challenging, and it isn’t made any simpler by the fact that tenancy agreements come loaded with a range of unfamiliar terms. To make things easier, we’ve put together this guide to some of the jargon that tenants find most confusing. You should also check out our post on…
Now that we’re deep into the winter months, we tend to spend more of our time indoors, so it’s not surprising that this is the season when many of us feel a little claustrophobic. Suddenly, we can become aware of the fact that our homes are cramped or overcrowded, and get itchy feet as we…
