Hopefully this is the right section to ask this. I had a quick search and couldn't find any information on this. I'm sure it's been asked but had no luck finding anything.
I've purchased a house from a young couple who as far as I'm aware have purchased a new home with a settlement on the same day as my settlement.
Settlement is in 4 weeks.
Today I got a call form the REA asking if I would be interested renting my property to the current owners for a week to give them more time to move their stuff to the new house.
From what I've seen of the state of the house and what I know of the owners I don't have any major concern they will damage it and/or do anything stupid. But obviously you never know for sure.
I was thinking if I was to go ahead with it I would:
Basically not considering it as a tenant as such but more that they are boarding under my roof for a week.
Settlement would still go as usual with the inspection, hand over of keys etc. Then I would give them one set of keys to use that week.
Is this a terrible idea? Anyone been in a similar circumstance? Am I being too harsh?
The main reason I think it would be beneficial to me, apart from the week of guaranteed rent, is that I could use that week to shop it around to potential new tenants.
Any feedback would be appreciated.
Cheers.
I've purchased a house from a young couple who as far as I'm aware have purchased a new home with a settlement on the same day as my settlement.
Settlement is in 4 weeks.
Today I got a call form the REA asking if I would be interested renting my property to the current owners for a week to give them more time to move their stuff to the new house.
From what I've seen of the state of the house and what I know of the owners I don't have any major concern they will damage it and/or do anything stupid. But obviously you never know for sure.
I was thinking if I was to go ahead with it I would:
- Charge ~$400 for the week (I would normally expect $310 a week rent).
- Ask for a 'bond' of say $1000 paid to me, to be returned at the end of the week on my inspection.
- Have something in writing between me and them to say that any damage etc will be covered by them, and that they have to be out by a set date/time.
- I'd also put a clause in writing that says if my agent wants to show potential tenants through that week that they will allow it (say 1 or 2 times that week)
- That they would not disconnect their electricity/gas etc until the week after (so any extra utilities costs would be absorbed by them).
Basically not considering it as a tenant as such but more that they are boarding under my roof for a week.
Settlement would still go as usual with the inspection, hand over of keys etc. Then I would give them one set of keys to use that week.
Is this a terrible idea? Anyone been in a similar circumstance? Am I being too harsh?
The main reason I think it would be beneficial to me, apart from the week of guaranteed rent, is that I could use that week to shop it around to potential new tenants.
Any feedback would be appreciated.
Cheers.