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Implications of a long term rental pre-payment

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Comments

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 23 April 2015 at 4:52PM
    He's telling you that he won't be there very often because he won't be there at all. Once he has the keys, his 'friends' will move in, gut the place, install their equipment and bypass the meter.
    Do you really think that a grower personally negotiates and rents the place, any more than a dealer makes his own deliveries? He's simply a hired frontman-and of course his (fake) references will be impeccable.
    Why would he offer to pay 2 years upfront just because he is based abroad, since the rent would be on a standing order anyway? And even if he were genuine, have you considered the implications for your buildings insurance if the property is occupied by people who aren't actually the legal tenants?
    I suspect you are seeing the upfront money and that is blinding you to everything else.
    PS: you can't 'easily evict' anyone, whether they have paid their rent or not. You have to go through the whole legal process, give notice, serve papers, win a court order, and instruct bailiffs. It can take months.
    No free lunch, and no free laptop ;)
  • Vectis
    Vectis Posts: 789 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    As a previous LL, I'd say use your instincts.

    This doesn't sound right, so walk away.

    Don't be tempted by the money upfront, it will only end in trouble.
  • tom9980
    tom9980 Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've helped Parliament
    There was an older gentlemen who moved to the outskirts of a local village, he integrated joined the local shoot etc. he was apparently a retired clockmaker, married and came across as a good person. Well that was until shots were fired as he defended his hidden garden centre from being robbed.
    When using the housing forum please use the sticky threads for valuable information.
  • nidO
    nidO Posts: 847 Forumite
    The other option here of course is that his "family" will consist of 1 "sister" per room, who just happen to have multiple boyfriends per night visiting.
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