Be wary of sale and rent back cowboy rogues
It has come to light that some cow boy operators in this market have been putting profits before being fair and ethical. For most people that have sold their house and want to rent it back their most important concern is the security of tenure. Many sell rent back companies give only Assured Short hold Tenancies.The reason they do this is that there are few other tenancies which protect their rights as landlords as well. The problem with these tenancies is that once the fixed term is finished the landlord is legally allowed to ask the tenant to leave by issuing a section 21 notice..This will leave the tenant vulnerable to eviction even if they wish to stay in the property. This minor point is usually forgotten by the company.
People who are looking at a sell and rent back scheme should be made aware of the dangers and talk in detail with the person who is buying their property. Homeowners should ask for references from previous clients who have sold and rented back their homes.
One company with good ethical standards and solid references is RentBack Direct.Contact them regarding sell rent back and you will not be dissapointed.
