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It's a win-win situation if all goes to plan, however what if it doesn't? What if the property they've purchased takes longer than anticipated to have the works done and they don't pay rent for this period? What if the works take longer than anticipated but you have a tenant lined up that can...

I wouldn't even consider letting them rent for a week. The potential headaches you could endure far outweight the one weeks rent. What if they still haven't moved their stuff after this week? What if they haven't actually settled on another place and are biding time to find something else that...