Now after a long time of picking up no media coverage companies that offer sell home rent back schemes are now under the media spotlight. Lately there has been lots of activity in the press concentrating on landlords who look to buy house's and rent it back to the old owners.|}
It has come to light that a few rouge operators in this market have been putting profits before being fair and ethical. For most homeowners who have sold their home and want to rent it back their most pressing worry is the security of tenure. Many sell home rent back operators 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. There is currenlty no way around this problem. companies who operate, usually forget to tell the tenants this minor detail..
Sale and 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 the property on for a quick profit. The better Sale and Rent Back companies take a longer view and never 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 houses as an asset that will go up in value so would like more long term tenants.
Homeowners who are thinking of entering a sell and rent back scheme should be aware of the pitfalls 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.
One company with good ethical standards and solid references is RentBack Direct.Contact them regarding sell home rent back and you will not be dissapointed.
