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Puddled
Beginner May 2009

If you were a landlord

Puddled, 14 October, 2008 at 16:31 Posted on Off Topic Posts 0 5

And you had two families interested in your property that you wanted to rent for several years would you go with: -

A) - could move in with 1 months notice but only looking for a short term agreement

B) - could not move in for 4 months but would sign a 3 year agreement

x

5 replies

Latest activity by Puddled, 14 October, 2008 at 16:40
  • Ice Queen
    Beginner January 2007
    Ice Queen ·
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    Long term agreement if I could financially afford to wait 4 months

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  • W
    whitetiger ·
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    I would have my cake and eat it. Loan it out to the one month notice person for 3 months and then following that loan it out to the 4 month notice people for 3 years.

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  • Flowery the Grouch
    Beginner December 2007
    Flowery the Grouch ·
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    B - if they would sign now and pay 6 weeks deposit now, non-returnable if they changed their minds in the next 4 months.

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  • Consuela Banana Hammock
    Consuela Banana Hammock ·
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    I think whitetiger's got the right idea! Failing that, definitley go for the second offer.

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  • C
    Beginner June 2002
    cjb ·
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    View quoted message

    On the face it of it if it were a property that I was happy and confident in owning for a long time then I would probably plump for Family B , taking into account that they would have far more rights as sitting tenants, and that the terms of some Buy to Let mortgages will not allow you to sign any up for any agreement longer than 12 months.

    If those things don't apply to you and you can afford to wait the extra time, then go for Family B.

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  • Puddled
    Beginner May 2009
    Puddled ·
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    Thanks for the replies. Mr P thinks I am a complete idiot for even viewing this house when we are tied into ours until February but they rarely come up where we are and its the type of house we wanted initially

    x

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