Vendor willing to rent my property

Hello All,

I just bought my first IP in Melbourne and am about to settle it down early next month.

Just recently I discovered that the vendor is willing to rent it out himself however I am not sure if this is a usual practise.

Has anyone been through such an arrangement? What is the downside for it??

Thanks in advance,
Sameer
 
Quite common. Make sure to get a formal lease signed, get a bond, condition reports done etc. Treat like any other tenancy.

Cheers,

The Y-man
 
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