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Letting your property on the Isle of Man

Whether you use a letting agent or let the property yourself, here is how to find a good tenant on the island.

1. Set the right rent

Compare what similar homes nearby are being let for - the middle asking rent on ListIt today is £1,300 a month. Rents depend on the bedrooms, the area and whether it is furnished.

2. Choose a letting agent, or let it yourself

An agent advertises, arranges viewings, checks references and can manage the property for you. You can also list the property yourself on ListIt and deal with tenants directly.

3. Prepare the tenancy

Agree the deposit, the length of the tenancy and what the rent includes, and put it in a written tenancy agreement. Check the current rules for landlords on gov.im before the tenant moves in.

4. Reach tenants

People looking for a home on the island search ListIt every day. Good photos, the rent, the bedrooms and when it is available bring the right enquiries.

Questions

Do I need a letting agent?

No. Many landlords use one, but you can list your property on ListIt yourself and deal with tenants directly.

How much rent can I charge?

The middle asking rent of the homes to rent on ListIt today is £1,300 a month; compare homes like yours in the same town.

List Assist