- Even if your in a hurry or faced with homelessness or difficult situations, it is important to remember that unfortunately some landlords and their estate agents operate ruthless practices that pray on the vulnerabilities of others. All they see is the opportunity to scam, scam, scam to gain your monies by any way possible.
- Remember that when stressed and under duress, you are vulnerable, thus could place yourself or your business into a costly vulnerable situation due to being stressed and harassed then oppressed by underhanded landlords and their estate agents.
- What is a Company Let? A company let is where the tenants are in deed the Company and not the individual.
- What are the advantages of Company Lets? There are many advantages to taking a Company Let for your employees if they are on low wages but the potential of great opportunity potential lays ahead as there are tax benefits of a Company Let which cannot be gained from staff taking their on their own lets. Notwithstanding that staff in small business, often cannot afford their own tenancy where a relocation is necessary.
- Is there different types of lets? Now, the key words are assured tenancy within the meaning of the Housing Act 1988. Under normal circumstances when you are relaxed you may of course take the opportunity to develop your understanding as to what these significant words actually mean, or you may take legal advice to develop your understanding of what a Company Let actually means in terms of the law and the differences between a company let and an assured tenancy.
- Tenancy Deposit Scheme: One of the key differences is that your deposit is not protected under the tenancy deposit scheme and your rights are significantly reduced. This is something that unscrupulous landlords will hope you do not know as they will be keen to get you into the property and then wait to tell lies and use every excuse to keep your deposit, aided and awaited by their unscrupulous estate agents who initially may seem very helpful as they wait to calve up your loot.
- They smile at your face when all the time they are waiting to stab you in the back taking advantage of – yes – you.
- We shall supply an example of this in the next instalment of this blog as unfortunately we have more insight to share about this topic.