Guarantee for natural void periods?
I’m sure I’ve heard a radio advert recently from a letting agent that was offering a type of rent guarantee, not sure if was insurance backed or not. And I can’t remember the name of the agent, so I can’t check on their website. ![]()
Has anyone come across this? I’m sure it said that even if the property was vacant (I assumed it to be mean ‘between tenants’ not just in a fire/flood/deserter situation) you’d still be paid your rent.
Does this exist in the market?
Thanks
Kirsty McGregor
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Freehold - to buy or not to buy - and HOW?
Member Since August 2013 - Comments: 4
9:46 PM, 20th August 2013, About 13 years ago
Reply to the comment left by “Vanessa Warwick” at “19/08/2013 – 21:59”:
From t;he experience of a couple of friends who let through Northwoods on their platinum package, their properties were certainly not returned in the same condition they were let; in fact in one carpets were missing, curtain rails even taken and the garden a jungle and garden furniturre ‘disappeared’. No compensation offered although the bond was retained – hardly recompense. Northwoods could not understand why my friend was upset. The second was not left in quite the same state but were nightmare neighbours. Not an experience to be repeated. An encouragement to look after ones own properties.
Comments: 126 - Articles: 2
10:16 PM, 20th August 2013, About 13 years ago
Reply to the comment left by “Chrtistine Nicholson” at “20/08/2013 – 21:46”:
Yes, condition of property is a frequent complaint about such arrangements – yet lets be honest – the ‘agents/tenants’ whatever are usually complying with their obligations under the tenancy agreement. It is owners ‘expectations’ which create disappointment, if the contract was read **and understood** the owner would know what to expect and thus not be disappointed.
I repeat my earlier advice, if you are not competent to read and understand the contract (and that is the vast majority of us) then get someone with that skill to do it for you. The cost of a solicitor at the start is much less than you could spend trying to resolve matters at the end of a painful dea
Member Since August 2013 - Comments: 4
10:32 PM, 20th August 2013, About 13 years ago
Reply to the comment left by “Dave Reaney” at “20/08/2013 – 22:16”:
I agree, it was certainly a hard lesson to learn, one in particular has certainly learnt his lesson and will not repeat it. Even so when the contract states to be left in the condition it is found (wear and tear obviously does happen) one naively expected it to be reasonable, not half stripped. But your point is vital and no matter how tediously long contracts must be read and understood completely – it is our business after all. Having read one of the contracts it would have made me have second thoughts. However it is a lifeline if it is not possible to manage oneself, just be prepared for shocks.
Member Since August 2013 - Comments: 201
3:25 PM, 21st August 2013, About 13 years ago
It is reasonable to expect that a tenant leaves a property having done no damage, this is rarely the case though. Tenants often leave damage that LLs shrug their shoulders to, tenants get away with it because so often they cannot be located.
Member Since August 2013 - Comments: 201
8:31 PM, 21st August 2013, About 13 years ago
speaking of the thread title, Northwood (mentioned on more than one thread I think), have jus (half 8, 210813) advertised on channel 4