Should I rent to Serco for 7 years?
Hello, in a last-ditch attempt to remain in property rental, I have discussed a 7-year lease with Serco to house asylum seekers. My property is on the market as I will not accept the abolition of section 21, tenant’s free legal advice, and Labour’s plans to sneak in tenancy for life, etc.
They have offered me a very competitive rent, free repairs, guaranteed rent, etc. I have had a horrendous year trying to evict, scraping dog mess and blood from my properties, and preparing for court action over damage all caused by people and this experience along with the Renters Reform Bill have made me simply want to walk away.
So my question to your readers is, has anyone gone down this route?? If so what have been your experiences, please?
Thanks,
Rebecca
Editors Note: You can check out an article on a readers experience with Serco here
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Property market ended 2023 on a positive note
Member Since March 2023 - Comments: 1506
8:49 AM, 17th February 2024, About 2 years ago
Reply to the comment left by Smiffy at 17/02/2024 – 08:35
Actually thah ts is true, I put my cash into tesla (made £19k in 2 weeks) and Rolls Royce (they have tripled)
Member Since August 2023 - Comments: 44
12:34 PM, 17th February 2024, About 2 years ago
I once was asked by Clear Springs which is similar to Serco, all sounded great, but after waiting for decision for 3 months I was turned down (fortunately by the sounds) because my house was in a nicer area, so the council would not allow it, as they would get too many complaints
Member Since July 2013 - Comments: 154
5:50 PM, 17th February 2024, About 2 years ago
Reply to the comment left by Andreus at 15/02/2024 – 09:58
Can I suggest you read Patrick Sullivan’s comment? It’s just above yours.
Member Since August 2024 - Comments: 2
12:26 PM, 15th August 2024, About 2 years ago
Seven years is an awfully long time and without any rent reviews. What if you really needed your capital out?
I think you have to consider your properties’ neighbours too. Any large family creates a lot of noise and a houseful of young men might have any amount of issues. And you would have zero control over the situation. Sell up while you can.
Member Since September 2018 - Comments: 3508 - Articles: 5
1:27 PM, 15th August 2024, About 2 years ago
NNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOO
Member Since March 2023 - Comments: 30
11:47 PM, 1st January 2025, About 1 year ago
Don’t do it some really bad reports – don’t do all the repairs and more… if this is your last ditch to stay with the property you are asking for trouble… get out now before the new rules come in and your property will get trashed! And you will have years of stress.