HMO with rent to rent model (guaranteed rent scheme) agreement

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    HMO with rent to rent model (guaranteed rent scheme) agreement

    Hi

    i have a property to let as a HMO, I received a rent to rent offer i was wondering what contract i should sign between me and the agent.

    Robert

    #2
    None: Don't go near it!

    See this as an (one of many..) examples of why such arrangements are unwise...
    https://forums.landlordzone.co.uk/fo...ith-subtenants
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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      #3
      Be prepared to be getting more of these I have had 3 so far. @ OP are your HMO in an area where the local authority have brought in licensing? I think these dodgy characters are looking at the public registers

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        #4
        Theartfullodger is absolutely right , such schemes should be avoided like the plague , indeed I would go so far as saying that such arrangements are not acceptable so far as lenders are concerned.

        These arrangements are often promulgated by so called property educators as a means of getting a high return but without any of the hassle.If you have a marketable HMO then this itself can be profitable without abrogating your legal obligations under your arrangement with the lender. Remember if it sounds too good to be true it certainly is.

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