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Renting back house from (investment) buyer

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Comments

  • QTPie
    QTPie Posts: 1,373 Forumite
    pawpurrs wrote: »
    Just check that it will be fully managed by letting agent, in that case. He could just be using them to do all the reference checks, inventory etc...

    Good point - will double check... :)

    It SOUNDED as though it would be fully managed, but things can be deceptive sometimes.

    QT
  • silvercar
    silvercar Posts: 49,659 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    It wouldn't make sense to use a letting agent to find the tenant and set up the tenancy but not to manage if you have already found your tenant and could easily get your solicitor to draw up contracts. The only reason to get a leting agent involved at this stage is to manage.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • sarah_elton
    sarah_elton Posts: 2,017 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    QT - definitely do the inventory in minute detail. You know I've started a tenancy in my previously owned home, and the thing this, all your stuff will be there when you do the inventory. Normally it would be done while the rental property was vacant. Make sure that you and the agent fully agree what is being left when you move out, in each room, and note it on the form so there are no misunderstandings later.
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