Rent to Rent - safe of a landlord?

user1977

Emmia said:

The OP will undoubtedly be back to ask how they can dig themselves out of the pickle they're about to get into...

Surely you eat yourself out of a pickle?

Stubod

..the OP can do what they want...it's their property....

[Deleted User]

No would not advice it.

I had a bad experience with Mears.

They get the benefit and you get the risks. 

foxreymann

Guys,

But if change / rewrite the agreement to state that:

1. Only short-term lets (AirBnB style) are allowed.
2. Any assured shorthold tenancy created by The Company is invalid.

Then what are my risks?

I'm sick with this ATM and really don't have more time. The only other option for next months would be that the house stays empty.

HampshireH

foxreymann said:

Guys,

But if change / rewrite the agreement to state that:

1. Only short-term lets (AirBnB style) are allowed.
2. Any assured shorthold tenancy created by The Company is invalid.

Then what are my risks?

I'm sick with this ATM and really don't have more time. The only other option for next months would be that the house stays empty.

Why would a letting agent take on the maintenance risks of that agreement for an air b n b style let which could repeatedly get trashed. That wouldn't be good business for them.

A 1 bed isn't going to get carved up into a HMO as it's not going to have the space BUT it could be over occupied.

I would suggest you either rent it out properly (ast and all if that's what tenant wants which is likely) or if you're definitely not selling and it's just an income for you, approach the local authority and see if they do a similar scheme but you'd need to be considering long term for that. Or continue doing it yourself.

Saying that asts are invalid isn't going to help you if one gets granted and you have people who don't want to leave.

Emmia

Can you afford to leave it empty, could you knock them together into a single property instead? I realise it's psychologically positive for you to be able to see the two adjoining properties which your hard work has earned you, which is why you don't want to sell... 

However, you seem to be trying to get the financial benefits of being a landlord with zero risk mostly by trying to circumvent your legal responsibilities as a landlord (even if you get someone else to do all the work).  Do you actually want to live next door to a house with constant parties, drinking etc. which is what an Airbnb (how close are you to the beer mile?) might bring.

saajan_12

foxreymann said:

Guys,

But if change / rewrite the agreement to state that:

1. Only short-term lets (AirBnB style) are allowed.
2. Any assured shorthold tenancy created by The Company is invalid.

Then what are my risks?

Risks are that the AirBnB guest tears up the property, the Company gets the income from those guests and you are responsible for fixing the property. Both in hassle and in cost. The Company only does minor cleaning and changing lightbulbs inside, you do the actual repairs. 

foxreymann said:

I'm sick with this ATM and really don't have more time. The only other option for next months would be that the house stays empty.

You're going from the most time intensive version (short term B&B lets, where you have to deal with new people every few days) and saying you don't have time. 

The significantly less time intensive version is a long term tenant on an AST, where you are the LL, and you employ an agency to do the legwork eg tenant finding, repairs, etc. You're also then in control so if something does go wrong, you have more rights. 

Bookworm105

foxreymann said:

Guys,

But if change / rewrite the agreement to state that:

1. Only short-term lets (AirBnB style) are allowed.
2. Any assured shorthold tenancy created by The Company is invalid.

Then what are my risks?

I'm sick with this ATM and really don't have more time. The only other option for next months would be that the house stays empty.

you have a dangerously poor understanding of UK law if you think that 

no contract term can take precedence over statute law
the circumstances where a tenancy is de facto an AST are defined in statute law, no matter what you may want your contract to say 

RHemmings

Rent to Rent agreements seem to turn up on 'Nightmare Tenants Slum Landlords' quite often. 

TL;DW; (Too long, didn't watch) ... if you create a contract with a dodgy individual or company, then you could be in very deep trouble indeed. 

BikingBud

cannabis-farm-in-rental-property

Cannabis crooks dumped tonnes of soil in my bedroom - BBCBBChttps://www.bbc.co.uk › news › articles