It has come to light that some rouge 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 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 obviously leaves the tenant vulnerable to eviction even if they wish to stay in the property. There is currenlty no way around this problem. companies who operate, usually forget to tell the tenants this minor detail..
People who are thinking of entering a sell and rent back scheme should be made aware of the dangers and talk in detail with the person who is buying their home. 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 rent back and you will not be dissapointed.
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