Please Beware of sell and rent back
by eduardomacdonald1973 on Oct.13, 2009, under rentback
It has come to light that some cow boy operators in this market have been putting profits before being fair and ethical. For most homeowners who have sold their house and want to rent it back their most pressing concern is the security of tenure. Many sell and rent back house companies offer only Assured Short hold Tenancies.The reason they do this is that there are no other tenancies which protect their rights as landlords as well. The problem with these tenancies is that once the fixed term is finished the landlord is legally allowed to ask the tenant to leave by issuing a section 21 notice..This obviously leaves the tenant vulnerable to eviction even if they wish to stay in the property. There is currenlty no way around this problem. companies who operate, usually forget to tell the tenants this minor detail..
Homeowners who are looking at a sale and rent back scheme should be made aware of the dangers and talk in detail with the person who is buying their property. Homeowners should ask for references from previous clients who have sold and rented back their homes.
A Company with good references and solid ethical standards is RentBack Direct.Contact them regarding sell and rent back house and you will not be dissapointed.
