Renting property under ‘rent to rent’ schemes is increasingly popular:
However, you need to be really careful. Particularly if you are the property owner.
After all, you have a valuable asset (your property) which your ‘rent to rent’ tenant wants to use to make money from. Some are none too scrupulous about how they do this.
Although many ‘rent to rent’ schemes (particularly those provided by reputable letting agents) are very good, sadly others are not. Property owners have been known to lose huge sums of money (and sometimes their property) and rack up substantial legal fees sorting things out.
To help with this, last year we ran a special training day with solicitor David Smith and others from his firm. As part of that event, David also prepared a special ‘rent to rent’ tenancy agreement which could be purchased by delegates.
Many of them have done so.
Initially, the agreement was only available to delegates on the training course, but due to popular demand, we have now decided to make it available as a ‘stand alone’ product.
Although if you wish you can also purchase the training at a special price provided this is bought that the same time as the agreement.
Find out more on the information page linked below (which also features a short video clip where David discusses some of the issues that can arise with inappropriate tenancy documentation).