Hi,
I’m a new landlord trying to let me new flat (new build) in a prime location, I have been approached by several companies who wants to let the flat to their corporate clients.
They are offering lot of perks but want long term 3 to 5yrs, would like to know what are the risks? Is it safe or will they been major problems at a later date? Please advise.
I see all companies who are interested are registered with Companies House in the last 6 to 8 months only.
google Rent to Rent . Do not do it
Thank you.
I will research.
This type of arrangement does not have a good reputation
If it’s not being wanted for a rent to rent and it’s only for a company to let to their clients it can have benefits. I rented to a Cricket club who housed a very famous cricketer. They signed a contract that held them responsible for all rent paid all utilities and all expenses that may have been incurred that would not be covered by the bond. You have a strong position when they are a corporate client providing you have them accept on your terms. However if they are a rent to rent stay well clear as they run and keep running if they get a problem tenant and the law is not on your side.
This is how it starts.
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