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  • Buy-to-Let

    Centennial Property Limited, T/A The Housing

    Dear all

    I have received an offer from my letting agents that Centennial Property Limited, T/A The Housing Network would like to rent  one of my apartments. I have been told that above company are a relocation agent. They work with large insurance companies like AXA, who have clients who have made a claim on their home insurance.

    However on doing some online due diligence it appears that above company provides temporary accommodation to 'people in need'. This company may well provide services to Insurance companies as well as serve people in need.

    I am bit concerned about the wear and tear if my apartment were to be used for temporary accommodation for people in need.

    Has anyone had any dealings with The Housing Network or Centennial Property Limited. I would be very grateful for your advice and comments.

    Thanks in advance

    Rahul

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    Hi Rahul,

    Have a look at this - similar question asked yesterday:

    Let my property to a company?

    Perhaps ask the company if you can speak with another landlord who has used their service?

    The main thing is the guarantee to return the property to you in the same condition they have let it in.  If you decide to go for this, I would be sure to get a professional inventory done and get their representative to sign it agreeing that this was the starting condition of the property.
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    Many thanks Vanessa. I appreciate your advice.

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    Fully in agreement with the previous post.

    Also if your property is mortgaged you should check whether there are any restrictions to letting to a company as it could be against the terms and conditions.

    Kind regards

    Sian

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    You also need to check your lease if it allows short term stays by different people, most leases do not allow it.

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