Renting Question

[Brigid12]

I will shortly be advertising my 2 bd apt for rent. My mortgage repayments on apt are €950. A person I know has said they would be interested in taking over lease on apt but could only afford to pay €800 a month. My question is: Would I be better of renting out to sombody I know for less money, who would stay there for at least 2 years and covering the reminder myself; or take a chance on renting to some one I don't know and having my mortgage covered.

 

[CCOVICH]

Have you got someone willing to pay €950+ for the apartment?

Will your friend sign a 2 year lease?

 

[WaterSprite]

Bear in mind that you won't have your mortgage covered even if you rent out for 950 a month- you have to pay tax on rent and can only claim mortgage *interest* (not the whole mortgage payment) against rental income.