Long (long) term rental

neverguess

Does anyone know of any websites for those who want to rent really long term? I'm wondering if there is anywhere that people who have built up their property portfolio go to find tenants who want to rent for many years rather than months or just a few years. Is that a thing? I'm a long term tenant with a great record and would much rather know I was moving into somewhere that won't be sold within 10 or even 20 years. Maybe a younger buyer who wants to hold onto a property as a retirement fund so won't need it for many years. Obviously there are no guarantees but if the intention is there at the start it helps.
Thanks. 

AdrianC

If you want certainty over decades, buy.

NOBODY knows for sure what their financial circumstances will be in a decade, let alone two.

davidmcn

neverguess said:

Maybe a younger buyer who wants to hold onto a property as a retirement fund

I'd have thought you'd be much safer going with some sort of corporate or other institutional landlord rather than anything owned by an individual.

theartfullodger

I tell tenants they can stay as long as they like as long as we are both happy.  My happiness being basically rent paid in-full and on-time, place looked after, no (valid) complaints from neighbours.  

So you'll sign up to no changes in relationships, no work changes, no family crises, no need to move for health , no change (up or down) of financial circumstances prompting moves for 20 years?  I certainly couldn't.

Mickey666

neverguess said:

Does anyone know of any websites for those who want to rent really long term? I'm wondering if there is anywhere that people who have built up their property portfolio go to find tenants who want to rent for many years rather than months or just a few years. Is that a thing? I'm a long term tenant with a great record and would much rather know I was moving into somewhere that won't be sold within 10 or even 20 years. Maybe a younger buyer who wants to hold onto a property as a retirement fund so won't need it for many years. Obviously there are no guarantees but if the intention is there at the start it helps.
Thanks. 

And there's the problem right there.
Would you REALLY be willing to sign a tenancy agreement that locks you in for 10 years, 20 years?  I doubt that anyone in their right mind would do that, whether they were the tenant or the landlord.  It simply wouldn't make sense.

dimbo61

I have read on this forum or the NRLA that granting a tenancy of more than 36 months is difficult if you have a BTL mortgage or bank loan on the property.
Now they are a number of big pension providers and Insurance companies investing in build to rent builders and housing associations who provide long term rental accommodation.
Landlords like long term tenants who pay rent every month, report problems ASAP and take care of there homes ( Landlords investment )
Funny how you mention Young Landlords and long term rentals because it's normally Older people who have the money to buy second properties to rent out.

greatcrested

dimbo61 said:

I have read on this forum or the NRLA that granting a tenancy of more than 36 months is difficult if you have a BTL mortgage or bank loan on the property.
Now they are a number of big pension providers and Insurance companies investing in build to rent builders and housing associations who provide long term rental accommodation.
Landlords like long term tenants who pay rent every month, report problems ASAP and take care of there homes ( Landlords investment )
Funny how you mention Young Landlords and long term rentals because it's normally Older people who have the money to buy second properties to rent out.

Certainly any tenancy agreement of more than 3 years must be Executed as a Deed.

I'm not sure abiut the BTL lender's restriction - but I can understand why it might be true - if a lender has to repossess for mortgage arrears, they won't want to be tied into a tenancy lasting years, removing or complicating their option to sell.