sell and rent back companies are finally under the press spotlight, after years. We have seen a flurry of activity in the press focusing on landlords who look to buy house's and rent it back to the old owners.|}
Recently it has been reveled that a few bad operators in this market have been putting profits before being fair and ethical. For most people who have sold their property and need to rent it back their most pressing concern is the security of tenure. Many sell and rent back operators give only Assured Short hold Tenancies.After the fixed term of the contract is up, the landord can ask the tenants to leave. But there are few other contracts that protect the rights of the landlord.This obviously leaves the tenant vulnerable to eviction even if they wish to stay in the property. This minor point is usually forgotten by the company.
Homeowners who are thinking of entering a sell and rent back scheme should be aware of the dangers and talk it through with the person who is buying their property. Homeowners should ask for references from previous clients who have sold their home and rent back.
RentBack Direct is such a company with good references and ethical standards.Contact them regarding sell and rent back and you will not be dissapointed.
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