Corporate letting vs AST

Avigg

Hi

i got 2 bedroom property which is available to let in the market. I have got request from corporate company where they will let property from me and will pay guaranteed rent. They will then let the property to their clients or customers on short term. 

Anyone got any experience with this. Anything I should be aware of. I have always let based on AST. They want me to sign their corporate let agreement. Thanks 

dimbo61

Please don't do this.
They will have complete control over your property for 3+ years but YOU  will still be responsible for ensuring it complies with the LAW.
IE Gas Safe Certificate, EICR, overcrowding etc 
We get letters every single week from Cowboys offering to Manage our property.
If you watch Slum Landlords and Nightmare Tenants you will see Landlords who have made this mistake 

Love the phrase " Corporate Company " 
Registered with Company House.
Many years of experience in the property lettings business !
Went on a 3 day course by a property guru in how to be a millionaire 

loubel

Do you have a mortgage on the property? If so you would need to check whether the lender will accept such an agreement too as usually you are restricted to letting under an AST.

Avigg

Thank you for your response and making me aware. 

theartfullodger

Google "rent to rent scam" then pour a large drink for yourself.

Even more of a minefield that "normal" ASTs...