A man has offered to rent my house long term (via estate agents). If i reduce the monthly rent by £50 he says he will do a complete renovation and will not charge me anything. His offer includes the following : Decorate every room, new bathroom suite, new kitchen, jacuzzi and a swimming pool in the garden. He agrees that this will all be left behind when the tenancy is ended and will sign any contract i want to that effect. He does not want to claim anything from any profit i make from future sale of the property.
This all sounds too good to be true and i would like to know if anyone has heard of or can think of any scam that maybe behind this ????? Thanks
2007-02-02 05:01:46 · 13 answers · asked by Cantona's Collar 1 in Business & Finance ➔ Renting & Real Estate
Unless he is licensed and you have a very well thought out lease, don't do it.
Any work he does, he can bill you for unless you have a specific written contract stating otherwise. He could end up owning your property.
What happens after he rips out all the fixtures, then just leaves?
There is an old saying about when things seem too good to be true.
2007-02-02 05:07:36 · answer #1 · answered by Gaspode 7 · 2⤊ 0⤋
This is definitely a scam. This punk will probably leave your place a wreck, run drugs out of your place (which you will be partially liable for), or pretend to get injured at the residence. He will likely sue you for this staged injury. No honest person will make you an offer that is too good to be true and this clown will try to appear as if he is the most trustworthy person on earth to keep you off guard. They call people who do this "conmen" which is derived from the word con which is short for confidence. Do not let your guard down and remember whether you are reading a bogus penny stock tout or doing business with someone, if anything is sounding to good to be true, it always is too good to be true.
2007-02-05 10:36:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I know some people who have done this with no problem until a building inspector shows up one day and tells you that nothing was done to code! It could cost you thousands of dollars in penalties
and ruin a future sale. Also, what if someone gets hurt during the course of these "renovations." Never, Never let a tenant make repairs to your home!!!!
2007-02-02 06:40:15 · answer #3 · answered by charlotte q 2 · 0⤊ 0⤋
The bible says non perception is "inexcusable". it really is because God has given guy an innate experience of superb judgment and reason and reasoning that you're able to have layout with no dressmaker is illogical. in case you stumbled on a house in a desert, with nutrition contained in the cellar, and a prepared meal on the table, how logical ought to it really is that the residing house "made itself" or gradually formed as consequently of the a sandstorm? How "solid" hence ought to someone be that sat down and ate the nutrition, loved the television and music deck, slept contained in the mattress and gave no recognistion to the owner? that would not in hardship-free words be stupid, it should be shortsighted egocentric and obtuse. Ifyou decide on to be a scientist, examine a touch from both part of the argument. you gained't have get proper of entry to to ANY counter arguments regarding evolution in college. renowned, as all solid scientists do, that you don't understand each thing there is to understand on any given subject and use your smart ideas to dig a touch. commence with the links less than.
2016-12-03 08:57:28 · answer #4 · answered by Erika 4 · 0⤊ 0⤋
In theory it sounds like a good opportunity, but as someone already said it is probably "too good to be true".
My advice is to check out the tenant using services such as http://www.credit-check-services.co.uk ... where you can see if the have any County Court history, bankruptcy, identiy support, and overall risk rating for their likelihood ot pay the rent.
2007-02-05 01:34:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would definetly meet this person and do all the appropriate credit cheks and employment verifications etc.
Something that is too good to be true usually is.
If he wants all this stuff and can afford to do all this stuff, then why doesn't he just BUY a house instead of renting one?
2007-02-02 05:09:46 · answer #6 · answered by babypocket2005 4 · 1⤊ 0⤋
I think it would be worth it to consult a real estate attorney. Have him/her draw up an air-tight contract regarding every possible situation that might occur. You might even have him put some money up front before he tears your property apart with renovations (in case he doesn't pay to have them finished).
2007-02-02 05:13:11 · answer #7 · answered by lizzgeorge 4 · 0⤊ 1⤋
Don't rent him your house he could be trying for ownership, i.e. squatters rights.Once he has done all the work he will have a stronger case against you.It will cost you a fortune to eventually get him out.
2007-02-02 05:24:53 · answer #8 · answered by pageys 5 · 0⤊ 0⤋
What on earth would compel a complete stranger to pour tens of thousands of dollars into your home?
Something is wrong with this situation.
2007-02-02 06:42:46 · answer #9 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
and why should he want to do all that..come on, course its a scam, if he gets into your place he wont do all that he says he will do and you may have him squatting for years and never get rid of him.
2007-02-02 05:10:52 · answer #10 · answered by grumpcookie 6 · 0⤊ 0⤋