Tag: contracts
Beware of sale and rent back cowboy operators
by eduardomacdonald1973 on Mar.02, 2010, 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 people that have sold their house and want to rent it back their most pressing worry is the security of tenure. Many sell and rent back companies give only Assured Short hold Tenancies.After the fixed term of the contract is up, the landord can ask the tenants to leave. But there are no other contracts that protect the rights of the landlord.This will leave the tenant vulnerable to eviction even if they wish to stay in the property. This minor point is usually forgotten by the company.
People who are thinking of entering a sell and rent back scheme should be made aware of the pitfalls and talk in detail with the person who is buying their home. 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 and you will not be dissapointed.
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.
Be wary of sale and rent back cowboys
by eduardomacdonald1973 on Sep.11, 2009, under rentback
sell and rent back companies are at last under the media spotlight, after a long time. We have seen a flurry of activity in the press focusing on landlords who offer to buy house's and rent them back to the owners.
It has come to light that some rouge operators in this market have been putting profits before being fair and honest. For most people that have sold their property and want to rent it back their most important worry is the security of tenure. Many sell and rent back operators offer only Assured Short hold Tenancies.After the fixed term of the contract is up, the landord can ask the tenants to leave. But there are no other contracts that protect the rights of the landlord.This will leave the tenant vulnerable to eviction even if they wish to stay in the property. This minor point is usually forgotten by the company.
Rent Back schemes do offer an important service to those people who want to release equity, escape financial pressures, or sell quickly to emigrate or move. Rogue operators could just get the tenants out and sell on for a fast profit. Most Sell and rent back companies take a long term view and do not intend to sell. For these operators having a tenant who treat the house like they did when they owned who intends to stay for a long time is ideal. These landlords see their properties as an asset that will go up in value over the long term and as such are happy to commit to tenants who wish to stay.
People who are looking at a sell and rent back scheme should be aware of the pitfalls and talk it through with the person who is buying their home. Homeowners should ask for references from previous clients who have sold their home and rent back.
A Company with good references and solid ethical standards is RentBack Direct.Contact them regarding sell and rent back and you will not be dissapointed.

